Outstanding Private Mortgage Interest Rates

“What Are The Best Private Mortgage Rates You Can Secure?”

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If you’re looking for the best possible private mortgage interest rates, you may be pleasantly surprised with what you might be able to find in the market place.

On average, private first mortgages are going to range from 8% to 11% from most sources to private mortgage financing.

But, there are exceptions to might even surprise you.

There are sources of private funds that are ultra conservative with their lending criteria and as a result are also very realistic about what type of return they can expect to receive.

For instance, if you have a very good piece of real estate where the financing amount required is not more than 50% loan to value, then you can potentially secure a private mortgage in the 5% to 6% range, which can rival what a bank or institutional lender may be able to offer for the same property.

But the key for getting these types of interest rates on a private mortgage is a lending scenario with very low risk.

Your next question may very well be, if its low risk, why would you go to a private lender?

Remember that private lending is primarily equity based, and there are situations where the property owner or borrower doesn’t have the cash flow and/or credit to qualify for a bank or institutional mortgage, even though the security is of a very high quality and the loan to value is no greater than 50%.

But in order to try and access this type of premium private mortgage rates, you’re going to need to have two things.

The first thing required is patience. There isn’t a lot of this type of money out there and the people that provide it or look after it are very careful and cautious with regards to the lending decisions they make.

The second thing you’re going to need is someone who can provide you with access to these great sources of financing.

Similar to most private lenders, those providing the lowest rates rarely have their own store front and choose more often than not to work through experienced mortgage brokers that they trust to bring them with well qualified deals.

If you have a real estate financing scenario that meets the basic criteria I’ve outlined above, please give me a call so we can go over your requirements together as well discuss potential premium priced private mortgage lending sources that could be interested in providing funding to you.

Click Here To Speak With Private Mortgage Broker Joe Walsh

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