What is Private Financing?

Private mortgages should never be a long term solution and should only be entertained for periods of 6 to 24 months. Private mortgages are meant to be short term solutions bridging the gap between the period of when a borrower may not qualify for traditional lending to when they can qualify for traditional lending. A great Mortgage Broker will always have an exit strategy to get the borrower out of private financing and into traditional lending.