Private financing for home purchaseadmin
Is your dream home still a dream? Traditional mortgages are too hard to get? We have a solution for you!
A lot of people are unable to qualify for a traditional mortgage. The new rules, the stress test and other barriers keep preventing us from getting the mortgage we need. Everyone wants to own a home, make new memories with their families in a place they call their own. Financing serves as a barrier. But it isn’t impossible to get the right financing. Have you considered private financing for home purchase?
What is a private mortgage?
Certain lenders do not work with government related lending institutions or banks. These are called private lenders. They work on their own and have a separate system of lending. They can usually allow a little bit of relaxation of the terms to lend you the money.
Why choose private financing for home purchase?
- More flexibility
- Lower rates
- Works even with bad credit
- Easier approval
The first thing about private financing for a home purchase is that it is very flexible. You can get the terms you want in the way you want. It helps make the entire process very simple and makes it easier for the borrower to make a plan which suits his finances.
Private financing agents usually provide lower rates than other lenders for a home purchase. This is because they are getting a secured loan which could get them more value. This allows you to get great deals!
The main reason why home buyers choose private financing is because they can qualify even with bad credit. The flexibility in rules makes it all so simple that bad credit and income is not that big a factor.
Home purchase is as easy as as ABC when you get quicker approvals. Even if you have good credit, but want a home soon, you can opt for private financing and get approved much faster than usual!