Quote:
Originally Posted by southernknight
Hi David,
This week a friend in Bucharest wrote that he is attempting to purchase an apartment. He was approved for a loan of 75,000 euros, but at the last minute the bank told him he needs to pay 2.5% of the loan in advance, could I help him? Are purchasers normally required to pay 2.5% in advance, and is 75,000 euros a reasonable cost for a 2-bed apartment. Thank you for your help.
Mark
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HI, you are referring to the commissions (2.5%) loan approval and is fairly normal that banks charge this upfront, when you (your friend) did the loan application it is all explained
Regards,
Brian