I only see terrible reviews here and must say I was impressed with the ease and transparency throughout the process. Solar loan from Mosaic for a Solar City (now Tesla) array. Perhaps my positive experience can be attributed to the thorough transparency from Solar City during the sales process. I was fully aware of the balloon payment, which is designed to be due after ample time to allow receipt of federal tax credits from solar.
As for the complaints about small amounts applied to principal, this is basic finance principles! Think of your Mosaic loan as a mini-mortgage and look at any amortization chart...at first very little is applied towards principal and most is interest. I feel the criticism is in part due to the ease of access to payment history on their website, which clearly shows amounts applied to principal and interest. I respect the company for allowing the consumer easy access to this data!
Bottom line: Understand basic finance, plan for your balloon payment, and allow Mosaic to assist you with financing your solar project!
Bottom Line: Yes, I would recommend this to a friend
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