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Creative Real Estate Financing

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Mike Gordon
  • San Jose, CA
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Is Neat Loans Legitimate?

Mike Gordon
  • San Jose, CA
Posted Sep 22 2021, 20:55

I started an application with Neat Loans and they advertise a good rate and low closing costs for an investment property refinance.

It looks like they were a company that was rebranded into Neat Loans this spring and some of the old reviews that refer to to previous brand were negative, especially about them not being able to perform the closing after the application is submitted and approved.

Has anyone had experience with Neat loans?

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Jay Hinrichs#2 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs#2 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
Replied Sep 22 2021, 21:21
just send no money upfront and see if they can perform

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Mike Gordon
  • San Jose, CA
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Mike Gordon
  • San Jose, CA
Replied Sep 22 2021, 21:52

@Jay Hinrichs how would you suggest I do that? The only cost upfront would be the appraisal. Should I just go to them and ask them to cover the appraisal and bill me at the closing?

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User Stats

39,984
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Jay Hinrichs#2 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
58,919
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39,984
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Jay Hinrichs#2 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
Replied Sep 23 2021, 05:56
Originally posted by @Mike Gordon:

@Jay Hinrichs how would you suggest I do that? The only cost upfront would be the appraisal. Should I just go to them and ask them to cover the appraisal and bill me at the closing?

small app fee and appraisal are fine.. anything more is a red flag.