Lender · Grand Rapids, MI · Member since 2018 · 703 posts · 446 votes
7y
Don't pay any up front fees, no money out of pocket till closing. Some good ones charge for an appraisal, but don't pay more than $600 for a Single family
Appraiser · Leitchfield, KY · Member since 2018 · 54 posts · 42 votes
7y
@DianaMuresan I was mainly asking to get a better understanding of how HML work. Exploring all options. I'm looking at a property now to possibly fix and flip. you suggesting it be better to get a conventional loan and then a renovation loan? I would get better interest rate that way however I am a new investor and wasn't sure how hard it would be to get a more conventional loan.