There are no hidden fees. The answer is simple. In most cases, if Southland does not obtain a loan commitment acceptable to the borrower, no fees are earned.
Generally, Southland prepares the application and obtains a preliminary commitment before any fee is due. Once the lender has issued the preliminary commitment and the borrower has directed Southland to proceed with the complete application, any fees previously agreed to are due.
In every case, the applicant will know the fee cost before any work has been ordered. No fees are charged for loan consultation. To solve your financial needs, call today. Time is money!