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Updated almost 9 years ago,
When applying for Hard Money
When applying for a hard money loan is it typical for someone to ask for a small fee upfront? I received the below email after submitting an application to a hard money lender:
"There are no upfront fees, but there is a Good Faith payment in case we do get you funded you don't waste our time by not going through with the deal. If you are not funded you will be refunded 100%."