If your Intelliscore is bad, you need help. There is only so much you can do on your own. There are funding options out there that you can get with bad credit, but you need someone to help guide you through the process. Someone who can help you find the right funding for you, and avoid scammers, is priceless.
The lender will charge upfront fees to cover the cost of processing the loan, plus any commissions being paid. This also ensures they still earn a profit; in case the borrower pays off the loan before the end of the term.
Common fees for a hard money loan include origination fee, broker fee, application fee, underwriting fee, document prep fee, processing fee, and funding fee. These fees can add up to thousands of dollars.