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Updated 6 months ago on . Most recent reply
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Why are the number of fees for a loan growing?
Looking for a loan and am curious if all lenders have resorted to creating a laundry list of fees. Some of what I am seeing are:
- Legal Fees
- Underwriting Fees
- Corelogix and other data fees
What's next - Fees for if you are an American living in America? First Born Fees, The Fee Fee, etc.
All of the fees are increasing the amount of money a flipper has to bring to the closing table and aren't helpful.
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Erik Estrada
#2 Private Lending & Conventional Mortgage Advice Contributor
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Quote from @James McGovern:
Would love to find a list of 65% LTV max mom and pop hard money lender in my area. Got suggestions?
No one is going to hand you a list. You will need to network in the area, go to events, and meet ups. Or just work with a mortgage broker in the area
- Erik Estrada
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- 818-269-7983
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