Can I have more than one loan?
A: Yes, we have several lenders that we work with
Can I pay the loan off early?
A: Yes, there is no prepayment penalty
Will this loan be reported on my credit?
A: Yes, this is a personal loan
Can my spouse and I get two separate loans even though we’re in the same household?
A: Yes, both will have to meet the credit/income requirements
Can I apply for a loan under my business entity?
A: No, this is a personal loan. Cannot do commercial loans.
Can the funds be disbursed to me, and I use it how I wish?
A: No, this is a home renovation loan. Must have a home project.
Is the credit review a hard pull against my credit?
A: It’s a soft pull to qualify, this does not affect your credit. If approved and you move forward with the process, there will be a hard pull.
If I pay the loan off and want another loan, do I have to reapply?
A: Yes, you must reapply.
Is it required to have my monthly payments on autopay?
A: No, it is not required but recommended
Can my monthly payments be drafted from someone else account that’s not on the loan?
A: Yes, no problem if the borrower’s name is associated with the account.
Are there fees associated with obtaining the financing?
Yes. Consulting fees range from 10%-18%