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Updated almost 6 years ago, 02/01/2019

Melina Gorosito's profile image
Melina Gorosito's profile image
Melina Gorosito
  • Flipper/Rehabber
  • from Brampton, ON
  • Member since Nov 30, 2018
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7
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0
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Melina Gorosito's profile image
Melina Gorosito's profile image
Melina Gorosito
  • Flipper/Rehabber
  • from Brampton, ON
  • Member since Nov 30, 2018
Connect
Melina Gorosito
  • Flipper/Rehabber
  • Brampton, ON
0
Votes |
7
Posts
Private Lending & Conventional Mortgage Advice

Lender loan origination fee-scam?

Melina Gorosito
  • Flipper/Rehabber
  • Brampton, ON
Posted

Wondering if it’s normal for lenders to ask for a loan origination fee of approx. $1200. What is the usual ways you deal with this transaction? I suggested giving the funds to an attorney in trust and releasing them at due time, which seems the safest way to protect myself from a scam. Thank you for your responses in advance!

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