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Updated about 1 year ago on . Most recent reply

Cisco Gutierrez's profile image
Cisco Gutierrez's profile image
Cisco Gutierrez
  • Member since Mar 8, 2024
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Cisco Gutierrez's profile image
Cisco Gutierrez's profile image
Cisco Gutierrez
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Cisco Gutierrez
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Private Lending & Conventional Mortgage Advice

How Common are Down Payments to Apply for Loan

Cisco Gutierrez
Posted

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? 

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