Late payments are an inevitable aspect of direct mortgage investing (DMI). However, the Hosper team takes care of tracking, collecting, and disbursing late payments for you.
If a borrower has a clear exit plan, we may offer a 6-month open mortgage. This means the client can pay out their loan early without penalty, as long as everything goes to plan.
If you have any questions about our insurance policy, please contact your Hosper Investment Service Representative. No question is too big or too small – We’re happy to help!