FREQUENTLY ASKED QUESTIONS
These are answers to questions frequently asked;
Where does Windstar Lending lend?
Windstar Lending lends throughout the 50 states of United States of America, Canada, and other major countries.
Who is Windstar Lending?
Windstar Lending is a direct lender that provides private money loans and is based in the United States Of America the company has funded over $78M in loans to hundreds of satisfied borrowers, brokers, and real estate professionals.
If I have questions to ask and need assistance, how do I reach you?
You can call, text, or email us.
How quickly can you fund your loans?
If a borrower approaches us with all required documents, meets our requirements, and accepts our terms, Windstar Lending can fund in 1-2 weeks.
Is there a prepayment penalty?
Windstar Lending does not charge a prepayment penalty, assuming that borrowers decide to pay off the loan before the date they stated on the application form.
What are your credit requirements?
We provide loans for bad and excellent credit.
Are there any out of pocket charges?
Yes, we charge a one-time fee for Legal / Documentation & Servicing.
And, 1% of the loan amount for the Loan Payment protection Insurance (LPPI). This fee is not a hidden cost or service charge, but a vital part of the loan agreement that ensures security for both the Lender and the Borrower.
The LPPI serves as a protective insurance policy designed to safeguard the interests of both parties in the event of unforeseen or unfortunate circumstances, such as:
- Death: Should the borrower pass away during the loan term, the insurance helps to settle outstanding loan obligations, relieving the family or estate of financial burden.
- Illness: In case of severe illness that affects the borrower’s ability to repay, the insurance helps cover the outstanding balance.
- Bankruptcy: If either party becomes insolvent, the insurance coverage helps mitigate financial loss.
- Accident: In the event of a major accident resulting in disability or financial instability, the coverage ensures repayment obligations are addressed.
Important Note:
Thses fees are the only fee we charge throughout the entire loan process. There are no hidden charges, monthly premiums, or recurring fees associated with your loan. Our goal is to provide transparency and peace of mind while protecting all parties involved.
When am I required to pay the Loan Payment Protection Insurance (LPPI)?
Applicants are required to pay the Loan Payment Protection Insurance (LPPI) at funding after the loan is approved and loan documents are signed.
What information do I need to submit an application?
All you need are some basic personal and business information to submit an application.
How can I apply for loans?
Our lending officers can assist you by phone or via chat with any loan or line of credit application.
Do you fund new business startups?
Yes, Windstar Lending funds business startups.
Do you provide financing for Agricultural loans?
Our lending officers can assist you by phone or via chat with any loan or line of credit application.
