Residential 1st Mortgage and 2nd Mortgage

If you have a very difficult mortgage and don’t qualify with other more traditional lenders, we can still often help. The key to a private mortgage is having enough equity (or down payment) in the property. An absolute minimum amount of equity is usually in the 25% range, or 75% LTV. For example, if your house is worth $500k, then the maximum mortgage a private lender would lend on is $375k as 1st. This can include house, town homes and condos