Clueless Borrower?

Hard money loan

The top 5 borrower statements said to us indicating borrower is clueless

  1. I just need a 50% (LTV) loan, I have two other lenders I’m borrowing the other 100% from.
  2. Can you put the money into my account before we close the loan so I can show the seller I have money?
  3. If I’m only borrowing $400,000, why would my payments total more than $400,000?
  4. What denomination of bills do you provide when you make a loan?
  5. I thought interest was outlawed in 1929, you know when we were still a British colony.

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