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Updated almost 6 years ago,
Do legitimate private lenders ask for upfront fees?
I realize I am a newbie but figured I'd get better advice on this thread. If you can tell a illegitimate lender by their "upfront origination loan fees" can you explain what are the requirements for private lenders? I even had a guy send me copy of his (or somebody's) drivers license and corporate papers. He asked for $760 upfront origination fees. How do you identify the good ones? You need loans to do this and isn't that the reason for private lenders instead f banks. Just trying to figure it out.