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On top of that, apart from six months of fascination reserves furnished by the commercial lender, it really is alleged that Masaschi and Norman under no circumstances made any payments around the seventy nine Enfield Realty loan.
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Let’s look at how the Rule of 78 is calculated, why it’s problematic as well as desire method Which might be fairer into the borrower.
When the Rule of 78 is largely outlawed for getting far too lender-friendly, the rule was truly made as a means to assist borrowers.
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