For individuals who find themselves ineligible for a conventional mortgage through traditional financial institutions like banks and credit unions, the option of private mortgages may be a viable alternative. It’s crucial to understand that private mortgages are intended as a temporary fix. While obtaining a private mortgage may be more accessible, it often comes with elevated interest rates, fees, and additional terms or limitations.

Private mortgage lenders typically offer short-term loans with higher interest rates and fees compared to mainstream banks. However, they also tend to be more adaptable in their lending criteria, capable of tailoring solutions to suit the unique needs of borrowers.

Key Considerations for Borrowers:

To learn more, fill out a simple online form with your details, and a discussion about possible mortgage solutions, including HELOC options, will be arranged promptly.

The Private Lending Process: