Private Mortgages Now A Viable Option

July 19, 2009 - PRLog -- Private Mortgages are both a great investment for one party, while helping another achieve home ownership.

Currently home prices are low and demand is high, however due to the banks and mortgage lenders tightening their guidelines so aggressively, many consumers aren't able to qualify for a home loan.

Private Mortgages help those that cannot qualify for financing through a traditional lender, obtain one from a private note buyer or investor.

Just a few years back, many with less than perfect credit were able to qualify for a mortgage loan through Subprime Lending.  However, subprime lending has closed down completely, which means better deals and less competition for the private mortgage investor.  On top of that, even conventional Fannie Mae and Freddie Mac "prime" financing has tightened their guidelines as well to make it even more difficult for borrowers to qualify.  In today's mortgage marketplace, you need a FICO score nearly 150 points higher, to qualify for a mortgage loan (in most cases), than what you could qualify just 2 years prior.


One site that specializes in helping homeowners get in touch with Private Mortgage Note Buyers and investors is the NYS Private Mortgages Website.  You may visit http://www.nysprivatemortgages.com for more info on where to invest or where you can obtain a notebuyer.

Two years ago Private Mortgages may of been used for the worse of credit, than didn't even qualify for a Subprime Mortgage.  Nowadays, you can reach a much larger (and better FICO score) customer base, than is in need of a private mortgage.

http://www.nysprivatemortgages.com is a site dedicated to help home buyers obtain financing, by being able to locate private mortgage investors.

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We are an online medium that helps private mortgage investors and note buyers get in touch with homebuyers seeking alternative mortgage financing and help. We are not a lender or investor, but rather allow Note Buyers a way to advertise in front of potential clients. For those interested in more info, they may visit the http://www.nysprivatemortgages.com Private Mortgage Note Buyers website for further info.