<p>Schooner…posted in your “other” thread…</p>
<p>Schooner…those private loan rates you are quoting are VARIABLE rates pegged to short-term interest rates (currently extremely low) and are the BEST available with pristine credit…</p>
<p>Those loans typically end up averaging 10+% on average over time…check out the history of short-term interest rates and you’ll see what I mean…</p>
<p>BE WARY!! But if one understands those risks, then a private could be a better choice for some…</p>
<p>Don’t overlook the cheapest fixed rates available…a mortgage! But that’s another thread in itself!!</p>