{"id":640,"date":"2020-04-09T16:30:53","date_gmt":"2020-04-09T16:30:53","guid":{"rendered":"https:\/\/myprivatelender.com\/?p=640"},"modified":"2023-07-06T05:34:15","modified_gmt":"2023-07-06T05:34:15","slug":"real-private-lenders-are-individual-investors","status":"publish","type":"post","link":"https:\/\/myprivatelender.com\/2020\/04\/09\/real-private-lenders-are-individual-investors\/","title":{"rendered":"Real Private Lenders are individual investors!"},"content":{"rendered":"<h1>Investors\u00a0 are the real private mortgage lenders!<\/h1>\n<p>An individual or a little business that funds private mortgages is mentioned to as a private mortgage lender. A\u00a0<a href=\"https:\/\/myprivatelender.com\/\" data-blogger-escaped-target=\"_blank\"><b>private lender<\/b>\u00a0<\/a>generally works with borrowers who have problems getting mortgage borrowings through conventional channels.<\/p>\n<h4><b data-blogger-escaped-style=\"font-family: Times, 'Times New Roman', serif;\">Interest Rates for Private Mortgages<\/b><\/h4>\n<p>Private mortgage borrowings are suggested at\u00a0<b><a href=\"https:\/\/myprivatelender.com\/borrowers.html#.UngsYqNrYdU\" data-blogger-escaped-target=\"_blank\">higher interest rates<\/a><\/b>\u00a0as contrasted to banks, because of the added risk engaged with these loans. Even though private borrowings arrive with higher interest rates, many high-risk borrowers favor them because of the adversities involved in protecting conventional borrowings.<\/p>\n<h4><b data-blogger-escaped-style=\"font-family: Times, 'Times New Roman', serif;\">Reasons to use the borrowed funds<img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-473 alignright\" src=\"https:\/\/myprivatelender.com\/wp-content\/uploads\/2019\/01\/listen-to-private-lender-300x284.jpg\" alt=\"\" width=\"300\" height=\"284\" \/><\/b><\/h4>\n<p>A borrower can use the private mortgage funds for numerous reasons. He or she might refinance an existing mortgage, use funds for down payment for other properties, or construct improvements on existing property. One of the most common reason is to pay off high interest rate and bad debts. The\u00a0<a href=\"http:\/\/www.mycreditfixer.com\/\" data-blogger-escaped-target=\"_blank\"><b>result is higher credit score<\/b><\/a>, better risk as a borrower resulting the borrower turns to be bankable once again. The loans can also be used to decrease the contradictory influence of a borrower&#8217;s foreclosure or bankruptcy proceedings. Generally private lenders are looking to better the financial position and or well-being of clients.<\/p>\n<h4><b data-blogger-escaped-style=\"font-family: Times, 'Times New Roman', serif;\">Characteristics of personal Mortgage Deals<\/b><\/h4>\n<p>A Private mortgage deal is founded mainly on the lender&#8217;s investigation of the hard assets of the borrower &#8212; mainly the underlying property\u00a0utilized\u00a0as collateral. They are usually carried out with a much quicker turnaround time than a financial institute funded mortgage. Private\u00a0<a href=\"https:\/\/myprivatelender.com\/\" data-blogger-escaped-target=\"_blank\"><b>mortgage money is accessible<\/b><\/a>\u00a0for both primary mortgages and second mortgages, although the second mortgage interest rates will be substantially higher.<\/p>\n<h4><b data-blogger-escaped-style=\"font-family: Times, 'Times New Roman', serif;\">The Importance of exit\u00a0<a href=\"http:\/\/www.mymortgagepros.com\/\" data-blogger-escaped-target=\"_blank\">Strategy<\/a><\/b><\/h4>\n<p><span style=\"font-family: times, 'times new roman', serif;\" data-blogger-escaped-style=\"font-family: Times, Times New Roman, serif;\">Another characteristic important to a private mortgage lender is the borrower&#8217;s exit strategy. The borrower should have a comprehensive and well-thought-out design in place to repay the whole allowance of the loan in one year or as agreed. Occasionally this means sale or refinance of the whole house, or occasionally just a part of the house. Private mortgage loans are very significant sources of cash for borrowers facing dire circumstances or\u00a0laboring\u00a0with poor credit profiles.<\/span><\/p>\n<p><span style=\"font-family: times, 'times new roman', serif;\" data-blogger-escaped-style=\"font-family: Times, Times New Roman, serif;\">For a confidential assessment of your situation please request a FREE consultation session with MortgagePRO, you will be glad you did!<\/span><\/p>\n<p><span style=\"font-family: times, 'times new roman', serif;\" data-blogger-escaped-style=\"font-family: Times, Times New Roman, serif;\">MortgagePRO is a Calgary, Alberta based brokerage and mortgage lender, funding bank and private mortgages for improving your mortgage rate to a low mortgage rate. We also provide mortgages for self employed, new to Canada and mortgages for people with age, job, credit and other issues.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors\u00a0 are the real private &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real Private Lenders are individual investors! - Private Lender Inc.<\/title>\n<meta name=\"description\" content=\"Real private lenders are individual investors. They look to approve a mortgages charging higher rate than banks. 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