gregorygarver.com

JoshB · Joined: 24 Nov 2004 Posts: 2

my dad needed a 65k loan to buy a business, but the bank of america would only give him a 1/3 of that.The corporate headquarters of the franchise referred us to a financial group. we thought we would be getting a loan directly from them. But it turns out that they were brokers, and they're going to charge 10% of the credit lines once we accept. They went to at least 4 different banks for loans to equal the 65k we would need.We now have to call each bank directly to accept the terms, but we can't mention that we're working with brokers because [and i quote] "Banks do not like brokers, period."I'm just wondering what my dad is going to be paying 10% for if all they did was submit applications to all these banks, and we have to pay each bank directly.

arlanymor · Joined: 26 Nov 2005 Posts: 5

Try refinancing the house. You can get the 66K at one-stop shopping and a lower interest rate. Screw those brokers.

swg4fnc · Joined: 20 Apr 2004 Posts: 3

Your dad will be paying 10% for someone to arrange the money you wanted. It would seem that you could have saved the 10% by doing your own leg work. I *think* you will find that your father signed a contract that he must honor.Traditionally money brokers arrange financing when you have exhausted the avenues open to you. Just thank your lucky stars that financing was available from banks @ bank interest, going private usually doubles the interest rate (and still costs 10%).

jamesw · Joined: 02 Sep 2006 Posts: 9

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ajoppru · Joined: 07 Jan 2005 Posts: 8

HiI saw your question I have decided to help people out due to the fact that I myself has been scammed four times by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($75,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address: dr_johncastro@hotmail.com, Please tell him that Deborah Kirk he gave out a loan to me for XMAS . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.”Thanks.

robbie8322 · Joined: 11 Sep 2007 Posts: 5

HiI saw your question I have decided to help people out due to the fact that I myself has been scammed four times by fake lenders in my search for a loan but at last I got a reliable lender that gave me the loan($75,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair. You can get to him via his email address: dr_johncastro@hotmail.com, Please tell him that Deborah Kirk he gave out a loan to me for XMAS . I have search for a legit lender until I got him and I decided to help my fellow humans with this because there are a lot of fake lenders out there and I do not want any body to fall a prey please get to him and tell him that I referred you to him.”Thanks.