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Updated 5 months ago,
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.