The Pros and Cons of Using Private Money to Buy a House in Redlands
Mortgage interest rates recently fell to near historic lows. But lending requirements have also become a lot stricter. And that means many people who want to buy a house are unable to get a conventional mortgage from traditional lenders. There is, however, another option, and that is private money, also known as a private mortgage or “hard money.” But before you take the private money route...
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