Using a suggested hard money lender.

[James Yancy II]

With all these up front fees, what is a good hard money lender that doesn't require a application fee? I feel that these fees should be included in the closing not up front. A little understanding goes a long way!

[Ryan Blake]

@James Yancy II Upfront fees will almost always be applied to your closing if you choose to go with that company. In Texas we typically see 2.5% points and 12-13% interest for new investors and down to 2% points and 11% interest for more seasoned investors.

I personally have never had to pay an application fee. What amount are they trying to charge?