Private Lenders Remodel the Mortgage Market
"Private lenders charge annual interest rates as high as triple those of a conventional 30-year fixed-rate mortgage. Loans are often issued from personal fortunes and collect monthly interest payments. Others make loans and sell the note to investors. There also are private mortgage funds that pool investor money. We can’t make loans fast enough to sell them to our investors. They’re snapped up within minutes. Literally, 15 minutes and they’re gone” https://tinyurl.com/j49eedq www.hoffghani.com