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Updated over 1 year ago,
Collateral Desktop Analysis (CDA) fee
Hello,
I am working with a hard money lender to do cash-out refinance on one of my property. The appraiser company, the lender choose charge me $700+ for the appraisal and then i received another email from another company to pay $90 for Collateral Desktop Analysis (CDA). This is my first time using hard money loan and i am confuse as to why i am paying all this money for a appraisal.
is this normal? please any input will greatly appreciated.
Carline
Investor