What is the interest rate and loan term?
Usually, loan rates are 9% and 1.75% points. Loan terms are 12-36 months
What is the loan type?
Most our loans are interest only, whichmeans a fixed interest is paid throughout the term and full balance atmaturity. For example, a $100,000 with12 months term and 9% rate will yield 12monthly payments of $750 and a finalpayment of $100,000
What happens if I sell the property orprepay the loan before maturity?In most of our loans there is noprepayment penalty.