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Updated almost 4 years ago, 03/27/2021
Lending finder fee 2.5 points???
Hey everyone i need some incite. I was looking for a lender for a mixed property. The lender I spoke to could not accommodate me but found me a private investor to give me a loan. The lenders finder fee was 2.5 points on a 475k property. Is this a normal amount? Thanks everyone!
Nick
I think 2.5 points finder fee is too high for a $475k property. 1 point would be acceptable.
@Wenda Wang
Hey thank you for the response. I totally agree. I was also thinking 1% was appropriate.
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