Quote Originally Posted by joker View Post
Yes, the lower interest rates are very attractive. 6.99% over 5 years for an unsecured loan is exceptional - even better than Heartland Bank's secured mortgage rate! I think that we the lenders will earn a lower RAR over time but Harmoney will be winners with many more $500 lending fees earned funded up front immediately by us?
And of course there are probably more rewrites as borrowers want to get a lower interest rate. I wouldn't be surprised if Harmoney is sending letters encouraging borrowers to "get more for less".