Why would I use a private mortgage lender
- You want to purchase an unconventional property that a prime lender or bank won’t finance.
- You need fast financing and don’t want to wait for a long approval process.
- Your bad credit history means you are being turned down by conventional lenders.
- You only need a short term loan.
- You have unconfirmable income that is preventing you from obtaining a traditional mortgage.
A private mortgage may be the best solution for you if:
⦁ You were already turned down by the bank for a traditional mortgage loan
⦁ You struggle with poor credit
⦁ You have income that cannot be verified
⦁ You do not have time to wait for the approval process of a traditional loan
⦁ You have unconventional mortgage needs (such as for residential or mixed-use properties)