Just last Friday, we had the unfortunate experience of witnessing some disgraceful behaviour from another private lender. We were settling a loan for a loyal client of ours, as they needed some money for cash flow for the Christmas holidays, and the loan also involved paying out another private lender.
The other lender took two days to give the client a payout figure, and once they knew he was desperate they gave him the payout figure an hour before settlement and added an extra $20K in Exit Fees.
Fortunately we have the technology to do a variation on the loan contracts, so we were able to lend him an additional $20K to pay out the exit fees.
But that's not the point here. The real point is.....
The grass is not always greener on the other side when you see a private lender advertising cheap rates folks! They will always get you somewhere!
At HomeSec we pride ourselves on transparency being one of our core values!
- We rebate interest if you pay back early
- We have no hidden fees
- We are the only private lender that can settle any business loan in under 24 hours
- We have a broker reward program
- Every aspect of business is aimed at making it easier for the broker to settle loans and for the brokers to make money