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mikezoomer
Member since: February 2008
Total Contributions: 1
Activity
(1 Total Contributions)Set your own loan rate at Prosper
Secondary funding looks good on paper but seldom makes the rate you want. The customer that they are trying to sell to you can not get customary loans. Some do pay good, but many do not have the attention span to complete the loan. Right now all the secondary home financing that bank thought they were going to make money on are getting foreclosed. Look at the numbers presented and note there is no long time history. Withing 6 months they are having problems with some customers.
Comment posted 3 years ago
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