Common Sense Underwriting and No Pre-Payment Penalties
As a direct lender, we are able to offer common sense underwriting, better terms, and more flexibility to our borrowers. This includes the ability to prepay without penalty and to restructure and add to existing loans as conditions change. By cutting out intermediaries, we are able to operate with greater efficiency and lower overhead, which allows us to pass on those savings to our borrowers in the form of more competitive rates and better loan terms.
A prepayment penalty is a fee that some lenders charge when you pay off a loan early. You can partially or fully prepay your Advantage+ loan at any time with absolutely no prepayment penalty or fee. Any payments made in addition to your contractual monthly payment will be applied towards a reduction in the principal balance of your loan.
Our direct lending model allows us to provide common sense underwriting, better terms, and greater flexibility to our borrowers.