Private Mortgage: Get the Funds You Need Today!
Are you looking for a way to access your equity or your next purchase? No matter your financial need, look no further than a private mortgage. A private mortgage is a great option for those in need of quick and reliable funds without any fuss.
Benefits of choosing a private mortgage:
- Quick and easy application process
- No minimum income required
- No minimum credit score
- Funds are available quickly – approval within 24-48 hours
- Pre-construction closings are approved based on the higher appraised value (not the purchase price)
Common reasons for taking out a private mortgage:
Pre-construction purchase: Private lenders will lend based on the appreciated value of the home instead of the purchase price. This allows buyers to utilize built-in equity to cover down payment and closing costs
- Debt consolidation: Pay off your high-interest debts such as unsecured loans or credit cards. It will help you focus more on paying back the single loan at lower interest rate.
- Stop power of sale: If you are in default with your current lender, a private mortgage can payout the existing lender, giving you time to improve your situation.
- Denied by bank: If your bank has declined your mortgage application, a private mortgage can provide short-term financing to close. Once closed, we can look to refinance you with a conventional lender or giving you time to sell the property
At Transparent Mortgages, we understand that every situation is unique, which is why our team takes the time to discuss your options and provide personalized guidance. We work with individuals from all walks of life and help them access the funds they require for their projects or purchases. Our process is simple and hassle-free so that you can get the money you need as soon as possible!
Contact us today by completing the below form to learn more about our private mortgages and begin the application process. We’re here to help you get the funds you require when you need them!