TIME TO LOOK AT A PRIVATE MORTGAGE
Private funders give primary concern to the value of the asset and to the exit strategy, or how the loan will be repaid. This means you don’t need to worry about copious amounts of documentation from the banks.
Real Estate must be provided as security against the loan.
Loan applications can be approved within 24 hours and loan terms are usually between 2 and 12 months.
Depending on the amount borrowed interest rates will vary.
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