answersLogoWhite

0

What are the benefits of getting a private mortgage?

Updated: 8/20/2019
User Avatar

Wiki User

10y ago

Best Answer

The benefits of an private mortgage are that in some cases you need provide fewer documents when applying and private lenders normally only look an persons credit score to determining if to lend or not based on how your handled your previous repayments to previous loans.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the benefits of getting a private mortgage?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What exactly are private mortgages?

With a private mortgage, one does not borrow money from a bank. One borrows money from an individual or a business. There are risks involved with a private mortgage so one should be well prepared before getting a private mortgage.


What are the main benefits when getting life insurance mortgage protection?

There are many benefits from getting life insurance mortgage protection. When one dies, if he does not have his mortgage paid life insurance would pay it off so his next of kin could keep the house.


What are the benefits of getting a second mortgage refinance?

The main benefit of a second mortgage refinance is that it allows one to not have to create a new mortgage. Creating a new mortgage can be a hassle, which a second mortgage can alleviate.


What are the benefits to getting a second commercial mortgage?

Some of the benefits of getting a second commercial mortgage would be lower payments, a chance to pay off bills that are backed up or due now. It can also help pay off a first mortgage or pay for home improvements.


What are the costs and benefits of getting a mortgage?

Mortgages enable people to buy houses but result in large interest payments.


What are Social and private benefits in economics?

social benefits are social and private benefits are private.


Ask us of these describes the costs and benefits of getting a mortgage?

Buy a House but Result in Large Interest Payments - Apex


Is private mortgage insurance available in Pennsylvania?

Yes private mortgage insurance is available in Pennsylvania. Private mortgage inusrance is available in all states you just need to look around and find a place that deals in private insurance.


Which of these describe the costs and benefits of getting a mortgage?

Mortgages enable people to buy houses but result in large interest payments. Apex


What benefits do Mortgage Market Guide's offer?

Mortgage Market Guides offer a wide variety of benefits. These guides contain content needed when refinancing a mortgage, or engaging in any mortgage related service.


What are the advantages of Wells Fargo mortgages?

There are a few different benefits in getting a mortgage through Wells Fargo Bank. Some of these advantages include convenience, flexibility, and potential tax benefits.


What are the benefits of a mortgage life insurance?

The benefit of a mortgage life insurance is that in the event of the death of the policy holder, your family will receive benefits to pay on the mortgage. You can learn more about this at the Wikipedia.