Glossary | Amount Financed

Amount Financed:

The entire loan amount minus any fees that is available to the borrower.

For example, if someone borrows a loan of $50,000 and he or she pays the lender $1,000 in fees, the amount financed ends up being $49,000.

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Westbon Inc. (dba Boro) NMLS No. 1635300. NMLS Consumer Access

Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016, issued by Department of Insurance and Financial Services. Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521

Boro Glossary

Amount Financed:

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