0
No, they do not. Such that do are refered to as "advance fee" scams. Best avoided.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the origination of typical home loans?
The typical home loans origination fee is a fee charged by Mortgage Brokers or loan companies in order for them to arrange your loan. A reasonable fee is around 1% although some companies charge much more and you should always find out how much you will be charged before commiting to anything.
Loan modification -fee or no fee?
Do not let anyone charge you an up front fee for a loan modification. Go see you bank and run whatever this proposal is past them.
Do debt settlement companies usually charge a fee?
Yes, debt settlement companies usually charge a fee. Nothing in this world is free so a debt settlement company does charge. Even though it is ironic it is true.
Do Yes Loans charge outrageous interest rates?
Absolutely, Yes Loans charges extremely high interest rates. Not only that, but they also charge a very high fee just to be accepted into their loan program. There are many other companies that can offer better loan rates than this company.
Can a lender charge a 500 dollar up front fee to lock in an interest rate on a refinance loan?
They can charge a commitment fee or a lock fee, most certainly. Not everyone does it but it depends on the lender, it is not uncommon though.
What is the origination of typical home loans?
The typical home loans origination fee is a fee charged by Mortgage Brokers or loan companies in order for them to arrange your loan. A reasonable fee is around 1% although some companies charge much more and you should always find out how much you will be charged before commiting to anything.
Do companies have to pay a subscription fee to be on loan finder?
Yes, it appears that companies do pay a subscription fee to be searchable on loan finder. I cannot find out how much that subscription fee is, however.
Loan modification -fee or no fee?
Do not let anyone charge you an up front fee for a loan modification. Go see you bank and run whatever this proposal is past them.
Do debt settlement companies usually charge a fee?
Yes, debt settlement companies usually charge a fee. Nothing in this world is free so a debt settlement company does charge. Even though it is ironic it is true.
What are opinions on Hanson Carter Financial Source?
It's an "advance fee" scam, in which they promise a loan, but charge a fee. And if you pay it, another fee. As long as you keep paying, they'll keep charging. But you will never get the loan.
Do Yes Loans charge outrageous interest rates?
Absolutely, Yes Loans charges extremely high interest rates. Not only that, but they also charge a very high fee just to be accepted into their loan program. There are many other companies that can offer better loan rates than this company.
Can a lender charge a 500 dollar up front fee to lock in an interest rate on a refinance loan?
They can charge a commitment fee or a lock fee, most certainly. Not everyone does it but it depends on the lender, it is not uncommon though.
What happens if you miss a loan repayment?
They charge you a late fee, it goes on your credit report and you could get a phone call from the loan company.
Is there an extra fee for buying stocks online?
Buying stocks online may incur a small stockbroking fee as some companies charge for the buying/selling and trading of stocks. But there are some companies that do not charge for these services.
Can a bank charge bank fee for an auto loan?
Yes, if you signed the contract that included it in the language.
If you have a second loan on your mortgage can you refinance on just the primary loan?
Normally you can. You will have to get the Lender on the Second Mortgage to "SUBORDINATE" the loan for you. They may charge a small fee to do so. Your Title company can help you.
My sister saved her home through a loan repair company Are they the only ones that can save my home?
We are an attorney-assisted loan modification company and the guy from ACS is partly right. Most companies that charge fees are legitimate, but not all. So, be very careful when dealing with loan modification companies. Just because they charge fees doesn't mean that they are legitimate.There have been clients who have been victimized by companies that charges fee also. One particular client paid $7,000 only to find out that nothing was done and the supposed-to-be lawyer ran away with the money and cannot be located. He may not even be a real lawyer. (This is not funny!) People are having a hard time financially and these people are capitalizing on the sufferings of others.Research the company. Ask for proofs of actual cases that they have closed. Ask How long they have been in business, How many cases they have closed, How much they charge, etc...
