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Businiess name:
Secured Funding Corporation
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Review by:
citysearch c.
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Review content:
I have a couple that approached me for help as they were about to loose their home. They came to me as a last result because they had nowhere else to go. I asked to see their current loan on their home and found that Secured Funding Corporation had written their loan. Not only did they steal 5 points up front sucking out several thousand dollars in interest but they also created a deal that was not affordable for this couple they funded. The property that was funded had a couple hundred thousand dollars in equity and deserved a conventional 30 year loan that would have been affordable instead they were talked into buying an arm at a poor interest rate that would surely cost them their property once Secured Funding Corporation sucked all of the equity out of the deal. These terms went hand in hand with extreme fees as well. Only use this company if you support good people being taken advantage of by dirty lenders.
Pros: Great for investors that dont care about stealing equity from borrowers
Cons: Willing to steal from people that cant afford it
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