Are funders using this "trick" on a wholesale basis?
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  1. #1
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    Which fantasy rates were you quoted? Do you have some examples?

  2. #2
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    Quote Originally Posted by MCNetwork View Post
    Which fantasy rates were you quoted? Do you have some examples?
    1.17 "fantasy" base buy rate. "Max upsell" of 10 points to 1.27 on 3 months approvals.

    1.22 "fantasy" base buy rate. "Max upsell" of 10 points to 1.32 on 6 month approvals.

    500 FICO gets you those rates.

    They didn't lead in with these though. They edited the word doc a week later (did one "exec") by simply changing digits around; "look what we made for you!"

    If those rates had been real we'd take $0 on initial fundings to make money on renewals. When we expressed that - things got weird, lol.

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