A private lender does not care about the borrower’s poor credit score. Ideally speaking, they don’t even check your income level. The main concern is the amount of equity present in your house. A bank will ideally lend up to 80% and, in a few cases, about 85% of the property value. Private mortgages fill the gap when you get denied by banks. They are a quick and flexible option when you do not qualify for a traditional mortgage. If you want to apply for a private mortgage, get in touch with the team at My Mortgage Approved today.
Do you need to improve your credit score? Don’t worry! We can help you secure a private mortgage at the affordable rates and terms. Contact us today to apply for one and get pre-approved.
It can take weeks, sometimes even months, for a traditional mortgage to get approved and funded. However, a private mortgage can sometimes take less than a day to get approved. You can have your money within 48 hours if all the documentation is in check. Usually, it takes up to a few days or three weeks. This is why many lenders will work with borrowers to help ensure they get to a much better position financially with the hopes of transitioning to a traditional lender someday. Get in touch with the team at My Mortgage Approved for reliable private mortgage solutions today.
Contact My Mortgage Approved today for a free, no-obligation mortgage consultation. You can rest assured; that we will find the right private lender, including negotiating the affordable rates and terms on your behalf.
These lenders usually invest in real estate and have an excess of private funds. These individuals are more interested in investing in property than in the stock market. For lending money, they will get a better return.
These lenders usually fund large projects. For instance, the funds can be utilized to develop apartments.
Here at My Mortgage Approved, we have access to several private lenders. We will shop around and secure the best rates and terms based on your specific needs. This means you can handle your due diligence.
There are several reasons why many borrowers choose to work with a private lender. Below mentioned are some of the reasons why My Mortgage Approved is the name you can rely on for a private mortgage:
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