Private Placement Loans - Alternative Mortgage Financing for Buying and Refinancing Properties
With current interest rates hitting historic lows, one would assume it should be easier than ever to obtain a mortgage loan, especially since the mortgage payments are more affordable due to lower interest rates.However, pretty much 100% of loan products offered by institutional lenders today are strictly "prime" loans and they are available only to the best qualified borrowers with perfect, or nearly perfect credit, income, and employment. In addition, the property, which serves as collateral, must be in top shape as well to qualify....