Do these loans pay down or are they interest only?

As we continue to cover the FAQs that you may need to set up as you prepare your ownprivate lending FAQs, today I am sharing yet another question and my answer to it for you.

The question I address today is: Do these loans pay down or are they interest only? Here is my answer:

Usually our private lenders want to keep their capital working for them and so we set up the loans that have monthly payments to pay just the interest each month. This keeps the full amount of your loan working for you.

If you have a specific need for amortizing the loan (paying back the principle as well as interest earn month), let me know and, in most cases, we can accomodate that.

Until my next post,

James

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