Technology Tuesday

Money360 is the first P2P (peer-to-peer) real estate loan marketplace online that gives borrowers the opportunity to get matched with the perfect private lender.  The company does this with their exclusive LOANMATCH technology that not many competitors can match. This specialized search engine matches lenders and borrowers who are qualified based on their loan type.

The interactive website breaks down the process in three easy steps, including entering your requests (for free), getting matched with your ideal lender or borrower, and closing the deal. The company will give you several potential lenders to choose from, which is great because the more options, the better. And the results are fast! Within one to two days of the initial request, you will hear a response from Money360 with up to 3 lenders.

With such frequent rejections from banks and traditional lenders, everyday people can find relief in the Money360 program. Borrowers can simply state how much money they want to borrow, the maximum rate they can pay, and the terms of the loan agreement to the private lender. Borrowers will also be able to see if their potential private lender specializes in their loan type unlike major banks.

There is no need to worry about whether or not private lenders are a scam either because all are pre-screened and approved before they fully register with the website. There is also a minimum investment of $50,000 on the website for each lender. The closing process is handled by Money360.com and creates a one loan and one payment agreement and schedule for the borrower and lender. With the frequently asked questions section and articles from ABC and FOX, it is reassuring knowing that we are not the only ones who feel the same way!

The Money 360 team consists of renowned professionals in the financial services and mortgage markets. The founder of Money 360, Evan Gentry, kept in mind that failed banks and lenders have left several of qualified borrowers in the dust with no way to recover paying their homes.  So he wanted to change that and find passionate private lenders who really understood the borrower’s needs and made common sense loans. So if you are having trouble with banks, or simply want a better and personal loan with potentially lower rates, try Money360. You will end up where you want to be with this P2P website!