Would You Borrow Money From Strangers?
I guess we all borrow money from strangers every time we borrow from a bank. We don’t know who made the decision, who cut the check or who sends you notices regarding your loan. Nowadays, there are even more ways to borrow from strangers through online sources.
Some will tell you that the way we borrow money is going to change. It used to be that if you wanted to borrow some money, you would go to your bank or credit union. You would sit down, tell your life story to the loan agent, and then wait for them to give you a thumbs up or a thumbs down, sometimes after weeks of waiting. Now, instead of going to your bank, you can simply go to the internet and see what is available. And this is what peer-to-peer loans are about, rather than relying on your bank or credit union.
Borrow Money from Strangers with Peer to Peer Lenders
Peer-to-peer lending has become a big business, allowing people to borrow money from strangers. This type of credit has seen substantial annual growth since the mid 2000’s. Companies like Prosper, Lending Tree, Lending Club, Upstart, Peerform, and others have taken off in recent years and doesn’t seem to be slowing. More marketplaces are popping up all the time, so your options for borrowing money have become incredibly diverse.
Abbey Mortgage Will Never be a Stranger!
Abbey Mortgage is not a Peer to Peer lender per se, but we are very different. We offer a personal touch for investment mortgage lending not seen at banks and brokers. We make 100% of all decisions to loan money. We also personally service every loan we issue. We don’t have a lot of hype, and our goal is to create an equitable position with our borrowers, so they become repeat borrowers. The reason our borrowers come back to us is simple; we care. Of course, we are in this business to make money, but when you deal with us, you are not going to borrow money from strangers. Instead, you will become part of the Abbey Mortgage family.
If you are a real estate investor, or you want to be, you can undoubtedly explore using peer to peer lending services. They are going to be very expensive compared to what we can offer. Although our loan services are never going to be as inexpensive as a bank mortgage, where we shine for investors is speed and getting deals done. Many investors are often stuck, not able to get a bank loan in time to close on a deal. Many deals are lost while investors are waiting for a bank to decide whether or not to loan money. Don’t get stuck in this trap; call us and see what we can do for you!