leotyndall
#6051
Dear Loopy,
30% residual means that at the end of the loan, the borrower is required to pay the 30% of the amount lent to own the asset, otherwise we will resell the asset or refinance it to continue.
As an investor the loan will end at that time, and if there is a refinance you will have the option to continue but you do not need to accept.
A payment schedule will be issued on settlement and held on the listing for reference and your perusal.
We have also responded to your support ticket.
Marketlend
8 years ago
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