Mosaic makes their loan process so easy and quick that you will think it's the greatest company ever. Then they screw you.
No one every suggested the possibility of a balloon payment. We set up our solar loan to auto pay right out of our checking account so that there are no missed or late payments. Yet, a few weeks ago, and in the first year of our loan, we got a notice from them saying we needed to pay in excess of $9,000 to stay current with the loan.
Where did that come from? Why didn't anyone tell us that was even a possibility?
I should have known the ease and smoothness with which we first executed this loan was too good to be true. Mosaic will put you in a terrible spot without warning. I'm checking on the legalities and responsibilities, but we would never have used Mosaic if we knew what cons they are. Stay away.
Bottom Line: No, I would not recommend this to a friend
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