Profile picture for Christine Luikert

Has anyone heard of a hard money lender called 1st Quick Funding? I want to know if they are a scam

This company is looking for a 7K upfront fee and we need to close in 10 days.  Has anyone ever worked with them?
  • August 18 2009 - US
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Answers (3)

What's the $7K for? Most private money lenders that charge an upfront fee are not legit. Like most other mortgage loans fees are usually disbursed at closing. .... Think smart, be smart! .... Best wishes, Rudi
  • August 18 2009
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Go to Mortgage Grapevine and read the comments.  The comments are mainly from people in the business and should give you an idea of what to expect.  It sounds like they're legit and it's going to be based 100% on the value, so the appraisal will be really important.
  • August 18 2009
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  • August 18 2009
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