If someone is willing to pay 6-12% for money backed by real estate, you are getting people rejected for HELOCs. I would not personally lend to such a person at 6%, probably not 12% either.
Reading between the lines, it seems like this company will not foreclose on defaulters, but “help you work it out” with the defaulter. You going to do that yourself? Do you just these guys to have performed a full title search to make sure LTV is really under 75%?
I keep my speculation to high yield foreign government bond funds, which I personally think are quite undervalued right now. Bought a few hundred shares of this fund yesterday:
