Anyone heard of points charged upfront

[Peter Halliday]

This seems like a scam to me. Bouncing t off people in the community. I met a private lender here n BP and was arranging a deal with them. The terms looked decent. However, thy wanted points charged upfront. Before closing. This seems like a scam to me. Anyone heard of that?

[Jesse Goldberg]

This is usually a large red flag, as with most upfront fees before closing. The only one that is typical is an appraisal fee. It could be that the individual was a referral and didn't understand when the points came in but definitely avoid anyone saying they need points up front.