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Updated about 2 years ago on . Most recent reply

Laura Hildreth's profile image
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Laura Hildreth
  • Investor
  • from USA
  • Member since Jun 10, 2021
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Laura Hildreth's profile image
Laura Hildreth's profile image
Laura Hildreth
  • Investor
  • from USA
  • Member since Jun 10, 2021
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Laura Hildreth
  • Investor
  • USA
6
Votes |
14
Posts
Buying & Selling Real Estate

HML Requesting pay points prior to finalizing loan?

Laura Hildreth
  • Investor
  • USA
Posted

Is it typical for a HML to request we fill out the loan application form on our website and provide the fee($1200) immediately after filling the form to our account officer for processing and documentation of the loan registration process?

Las Vegas, Nevada
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Craig Clinton's profile image
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Craig Clinton
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  • from Nutley, NJ
  • Member since Aug 27, 2017
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Craig Clinton's profile image
Craig Clinton's profile image
Craig Clinton
  • Investor
  • from Nutley, NJ
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  • Posts 72
  • Votes 56
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Craig Clinton
  • Investor
  • Nutley, NJ
56
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72
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Craig Clinton
  • Investor
  • Nutley, NJ
Replied

Definitely don't pay it upfront. You might want to look for a new HML altogether. They sound sketchy asking for that upfront. Also, $1,200 is a pretty high application fee.

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