Consider investing in private mortgages $$$
Lending private mortgage money, sometimes known as “hard money lending”, simply refers to private individuals or groups loaning money to a borrower at higher than “normal” interest rate.
The borrower might be looking for a mortgage to purchase a property, wanting to re-finance an existing mortgage, or needing to add a second (or third) mortgage “behind” the first (or second). Like an institutional lender, the private mortgage lender-investor holds the borrower’s property as collateral for the loan, and receives payments on the loan (10-15%). The interest rate, fees, and terms are negotiated between the lender and the borrower, sometimes through an intermediary like a mortgage agent.
For more on how a private mortgage works call Erikson Law Firm P.C.: 613-692-5885 or send us an e-mail: email@example.com We have registered many private mortgages representing private lenders, borrowers and financial institutions.
Success isn’t a matter of chance, it’s a matter of choice. So it’s up to you to make the right choice to become successful!