When you need a loan but your income or credit is not good enough to a conventional bank’s standard, private mortgage financing may be the solution you need: namely, short-term loans to get over or “bridge” the interim period before you establish enough income and credit.

Private Mortgage Loans:

• Offer fast approval, flexible payment arrangements, quick closing
• Require no minimum income or credit score
• Involve no “mortgage stress test” which is required on traditional mortgages from a bank to assess the total amount of mortgage based on the borrower’s income and debt
• Tend to have higher interest rates and fees because private lenders are taking on higher risks.