Updated almost 10 years ago on . Most recent reply
Private Lenders
How can you differentiate private lenders who are legit, and the ones that are scams?
Most Popular Reply
Donell Cummings
A few good starting rules of thumb to spot the scams are as follows:
1) single digit interest rate
2) no fees
3) no down payment/skin in the game.
If it looks too good to be true, it absolutely is.
The above mentioned advice to use a local PML and meet in person is very sound.