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Updated over 4 years ago on . Most recent reply

Max Loi's profile image
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Max Loi
  • from Investor
  • Member since Jul 20, 2016
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Max Loi's profile image
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Max Loi
  • from Investor
  • Member since Jul 20, 2016
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Max Loi
  • Investor
4
Votes |
17
Posts
Private Lending & Conventional Mortgage Advice

Question about private lending

Max Loi
  • Investor
Posted

Hello,

Is it acceptable to pay origination of the loan before loan can be disbursed to borrower (it can be few thousand ) ?

What gives me a guarantee that I will get after that all loan amount ?

What additional tests should I check about the lender ?

Thank you for the answers!

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Jesse Daconta's profile image
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Jesse Daconta
  • Rental Property Investor
  • from Newport News, VA
  • Member since Oct 22, 2018
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Jesse Daconta's profile image
Jesse Daconta's profile image
Jesse Daconta
  • Rental Property Investor
  • from Newport News, VA
  • Member since Oct 22, 2018
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Jesse Daconta
  • Rental Property Investor
  • Newport News, VA
130
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264
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Jesse Daconta
  • Rental Property Investor
  • Newport News, VA
Replied

I've never had to pay an origination fee before the closing of the building.

Best,

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