In some cases where credit, income, or property does not fit well with conventional lenders, private lending can be a good option. Rates are higher than traditional lenders because the risk is higher to the lender. There are also fees to the broker as this is one of the few cases where the broker is not compensated for sourcing the business for the lender. Ideally, private mortgage financing is a short-term solution until we can move the client back into a conventional lender.
We have connections to private mortgage lenders who operate differently from banks and other mortgage lenders as their financing is with individual investors or by group or pool of mortgage funds. If you are in need of a second mortgage on your home and have been turned down by the banks don’t give up. Let’s see if we can help you get out of your “sticky” financial situation. There might only be some short term pain for your long term gain.
Let Sandhu & Sran Mortgages find the best mortgage option for you.