Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on .

HELOC evaluation fee??
I recently applied for a HELOC through a local bank and their numbers came back terrible. The comps they sent me were half a mile away from my property in a far less desirable part of town. Naturally I applied at another bank and their numbers were spot on. 60k higher than the previous bank to be exact. Now the first bank wants 100 evaluation fee to close out the application. Is this a normal fee? I'm fine paying it if it is, but this is the first time I've even heard of this. Thanks in advance BP community!!