Second Mortgages
If you are in any of the situations where you need fast financing and you don’t want to wait or you don’t qualify with prime lender because of unconventional property or you have a bruised/Bad credit or you are not able to prove your income…. Private or second mortgage is an option for you.
Private mortgages are mostly short- term, interest-only loans, ranging in length from 1 to 3 years. With a private mortgage, you don’t borrow from a bank. Instead, you borrow from another person or business. Whether it’s your only option, or one of many, it’s worth learning how these loans work.
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