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Old 12-03-2010, 11:11 AM
curious11 is offline
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Join Date: Jun 2009
Posts: 278
I'm not saying that All A1 or Ax loans will pay off early, someone was wondering if there was any downside to only investing in A1 loans. 3 of my Ax loans have paid off early.

As for the rent free children, there was a question that asked if their (the borrowers) name was on the deed, and the explanation came out in response. In another loan, the borrower's statement contained the line, "since I live with my parents rent free...I will have the money to pay back the loan" which contridicted the home ownership check box. When questioned about the contridiction, the borrower reported that they were unable to change the home ownership from own to rent.

Don't forget, you can ask questions of the borrower.