PRIVATE MORTGAGE

Considering A Private Mortgage? Let’s Discuss Your Options

Private mortgages are ideal short-term secured loans lasting as little as 3 to 24 months per term (each deal varies from case to case). This mortgage is suited for individuals who almost qualify at a traditional lending institution but might need some more time to build up their credit, save for a larger down payment or grow their income or net-worth.

Traditional lending institutions are stringently red taped and focus heavily on income and credit score. Private/Alternative lenders’ on the other hand, focuses primarily on equity and is more flexible in the way borrowers qualify.

When do I consider a private mortgage?

• You only need a short-term loan
• You are buying a non-traditional property that a conventional bank or lending institution won’t give you a mortgage for.
• You have an untraditional way of declaring your income, or you are self-employed and the bank in not considering all of your income.
• You have poor or bad credit and the banks or conventional lending institution won’t approve you.
• You need money quickly and are not able to go through a long approval process and risk not being approved.