Why consider using a private mortgage lender?
Private mortgages are a desirable option if the traditional lending institutions (e.g. banks) are unwilling to accommodate the kind of mortgage you seek.
Private mortgages are great if you need a short-term loan for only a brief time (e.g. 1-3 years).
If you have an unfortunate credit history that has affected your ability to obtain a mortgage from traditional lenders, private mortgages may be the thing for you.
Let’s say you need to raise a large amount of mortgage-related cash in a short time, then private loans are ideal. In many cases, funds can be secured in only a few days.