They set me up with a loan at 8% (great!). Ten year amortization. Heavy fees, but spread out over 10 years, still a good deal. But, the loan had a one year term, and they would not explain what happens at the end of one year. What happened was renewal fees each year, that changed the 10 year amortization to a 21 year amortization. Banks are regulated. Private lenders are not, and can do whatever the *** they want. If I could get my hands on Mojit (the Freedom Lending representative I dealt with) I would kill the son of a ***