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Old 12-22-2006, 10:56 AM
midas midas is offline
Senior Member
 
Join Date: Aug 2003
Posts: 719
Default Re: what?

One frequently asked question is: "Why does a borrower come to Anchor Loans instead of a bank?" There are a few reasons:

"We can process a loan in a few days, while a bank might take 45-90 days."

"The borrower may not be able to qualify for a conventional type loan due to tight banking regulations."

Reading in between the lines - this Company charges high rates for risks a bank won't touch - nothing wrong with that except you are earning what you deserve.

Also, lending is not a business of trust - it's a business of security. You may trust someone but they may not have the ability to repay a loan.
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