Quote Originally Posted by ryan $ View Post
LoanMe wants people to go full term. Obviously.

They may have said screw it. 2nd Time around = Less of an Origination Fee. That plus they may have viewed it as an inhouse deal already, whole number of stuff could have come up.

But Paying off in 60 Days..... Minus the Origination Fee, Plus a Broker Commission..... all the math leads up to..... a Decline.

Keep in mind the Origination Fee is Cut Drastically the 2nd time they take Money. That Plus Still Paying broker Commission and predicting it will be paid off in 60 Days?????

DO THE MATH


This is definitely on point.



The other scenario doesn't apply here most likely, but its a technique unscrupulous individuals use to get over on lenders, where they borrow small amounts of money
and pay it back quickly, develop a positive pattern, and then borrow a large amount and disappear.












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