Our fee is 10% of the total approved amount. So, if you were approved for $10,000, our fee would be $1,000 and you’d receive $9,000 total. Remember that we also hold-back an additional 10% until close just in case something goes wrong with the deal. That 10% is paid back to you at closing (assuming you close within 14 days of the expected close date). If the closing doesn’t happen within the 14 day grace period, you will be charged .3% of the total amount borrowed per day until the transaction closes.