Anyone worked with BHG Financial or unsecured loans?

[Tamera Muniz]

So I've recently been approved for a $30,000 unsecured loan with BHG financial. I was referred to them by someone in the Bigger Pockets forum due to the fact that they don't report the loan to credit bureaus and would help me get into a BRRR property. Does anyone have any experience with BHG or an unsecured loans in general? What has been your experience if so?

My terms are as follows:

$30K loan

$647.37 monthly payment

854 month term with 12 months of required payments 

Fees: $300 documentation fee, $675 Reimbursable serving fee and $2100 Optional limited personal guaranty

Thoughts??

[Tayo Black]

Quote from @Tamera Muniz:

So I've recently been approved for a $30,000 unsecured loan with BHG financial. I was referred to them by someone in the Bigger Pockets forum due to the fact that they don't report the loan to credit bureaus and would help me get into a BRRR property. Does anyone have any experience with BHG or an unsecured loans in general? What has been your experience if so?

My terms are as follows:

$30K loan

$647.37 monthly payment

854 month term with 12 months of required payments 

Fees: $300 documentation fee, $675 Reimbursable serving fee and $2100 Optional limited personal guaranty

Thoughts??

Following this — I’m also working with BHG but haven’t yet received terms. I don’t believe they have an early repayment fee either, correct?