Private mortgage loan options from Get Approved are simple and affordable!
A Private mortgage is a short-term, interest-only loan that can range from 1 to 3 years, depending on how long you need the loan for. An interest only loan does not require a homeowner to make payments in order to pay the principal down, but it does require that you make interest payments each month for the loan you get.
A Private lender realizes that lending guidelines that are used by a bank can exclude many individuals who are capable of paying back the private loan. However, a private lender will take into account the overall property value instead of the credit history. So when you are looking at obtaining a private mortgage from a lender, look to Get Approved who will give you the best options you need. Contact us today for more info.