Every conventional mortgage that includes a minimum 20% down payment requires an appraisal because the mortgage is uninsured. The lender wants to see that your purchase price is in line with the property’s fair market value. Lenders want to see that you are purchasing a quality property and that they will be able to recuperate the full amount if you default on the loan.
Private lending or a private home mortgage means getting the financing you need from a private mortgage lender, as opposed to applying to a bank or other financial institution for a loan.
Why would you need the services of
a private mortgage lender?
The existence of private lenders may offer people who have been turned down by the bank a second chance.
Applying for a mortgage shouldn’t be hard or confusing,
My bank declined me. Can I still get a mortgage?
It’s possible. After we analyze your own situation we’ll discuss what possibilities are available to you. However, lenders that deal with non-standard credit usually charge a higher rate than normal bank approved credit.
What kind of clients do Mortgage Brokers work with?
Rampone-Marsh Mortgages works with homebuyers and homeowners from many walks of life.. These clients include:
You guys, rock!
Thank you.
Garnet Dickinson
Karyn Mackenzie
Carrie Mayhew
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Here’s some more on Private Lending!
Yeaaaaah mortgage!
Whether you’re self employed, or buying a home for a new family, we have the perfect mortgage option for you.