Updated about 2 months ago on . Most recent reply
Too good to be true
Hi BiggerPockets,
In my search for a hard money lender I found someone who in return for %100 financing is only changing me 4%, on a 30 year term loan. 1% down payment. No points. No early repayment fees. No POF, no taxes. He only wants my ID and proof of residency. I've attached a screenshot of the letter of approval and a link to their website. Please tell me this is a legitimate lender. I'm usually very optimistic, but my scepticism is of the chats on this lender. Thank you in advance everyone.
https://quickfinancialsolutionsllc.com/
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#1 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Charleston, SC
Scam has entered the chat.
This is 100% a scam. Between the bad, poorly structured English grammar and the typos in the "term sheet" and the ridiculously unrealistic offer, there is 0% chance that this isnt a scam or fraud. Seriously, the document looks like it was written by a fifth grader.
"the applicant is expected to give us assurance that they will not give us a problem" gtfo this is ridiculous.