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Upront loan fees: Buyer beware

I have said for a while now to watch out for brokers/lenders requiring upfront fees prior to closing. This recent article on 9 news in Denver highlights this concern. The mortgage broker is accused of bilking customers out of over 500k in fees without ever providing a loan:
As always, there are no upfront fees required by Fairview prior to closing. We have an a+ rating with the BBB and close loans we commit on quickly. For more tips on private lending please visit: As always with any financial transaction, buyer beware.

To learn more about private lending in Denver and Colorado please visit: or call us at 303..459.6061

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