Private Mortgage lenders can be individuals or organizations who can be utilized when regular financing options are not possible. These lenders lend for short-term, based on Equity of property. Some people utilize private financing to flip housing.
At GNE Mortgages, we work with multiple private lenders to provide customized solutions. We also arrange Private Construction Financing
It may surprise you, but a private mortgage approval only takes a few weeks at most, whereas a regular mortgage approval usually takes about 30 to 45 days. Because perfect credit isn’t necessary for private lenders, they won’t require as many documents for the loan process as a typical loan.
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