Updated over 1 year ago on . Most recent reply
Lender asking for $250 deposit for pre-approval letter
ABL1.net says they will fund my deal, but they are asking for a $250 refundable deposit before they will give me a pre-approval letter.
Is this a legit practice?
Most Popular Reply
Typically... no putting a deposit down is not something you need to do. There are some lenders that will charge an upfront fee, but it might make more sense to look elsewhere.
- Derek Brickley
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Gold Star Mortgage Financial Group
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