All Forum Posts by: Cisco Gutierrez

Thanks everyone, I was trying to see if there were reasons why this could be asked for up front, if there wasn't, then it would mean a company would be a guaranteed scam. Much appreciated again! 

Hey BP, I have seen some people have been asked to give a down payment just to apply for a loan (in the last conversation I had , it was with an investor who needed a commercial loan) 
How common is this and why is that even asked before the loan has been given, would it apply to the balance eventually? 

I see investors who I have spoken with have issues with appraisals which heavily affect their loans, they have worked with certain companies that don't appraise correctly and even admit to it. When getting a loan, is this something where the appraisal company could be paid after they have looked into the property? I see different answers when I try to find more about that. Any information is helpful!