Are you in need of a Bad credit mortgage loan lender? Are Banks and Brokers saying no?
When most people think about the process of applying for a mortgage, they think about going to a bank or other lending institution depending on where they live. Private Mortgage loans are short in term, ranging from six months to three years. They are based on assets or a hard money real estate loan. What determines whether or not you get the loan depends on the value and equity of the property that serves as the collateral, rather than the credit of the party taking out the loan. Many professional real estate investors who want to purchase, renovate and “flip” a property, or liquidate the equity from property that produces income use Bad Credit Mortgage Lenders.