What is Private Lending?
Private Mortgage Lending or Financing is basically a mortgage contract in which the lender is not a bank or lending institution but rather the lender could be a friend, family member or an individual investor or group of investors willing to lend you the funds you need.
Banks as you might know have strict guidelines in regards to how they lend their money. They have a set of criteria and rules that they basically have to follow. Unfortunately for many people these rules or qualifications are hard to meet and as such they get turned down for the financing they need. This is where Private Mortgage Lending comes into play.
What’s Next ?
- Call to review your mortgage strategy
- Apply Online or Download a Fax Form
- Review other mortgage services
*Subject to approved credit, income verification and meeting lending credit granting criteria. Applies to residential mortgages only and some conditions may apply. O.A.C., E.O.E All content is subject to change without notice.