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What is a Private Money Loan?

(Category: Residental(Housing) )
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User-icon   Stacie
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Location: Santa Rosa, CA
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Available on: 2009-09-10
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What is a Private Money Loan?





























Private Money is funded by private individuals. It isn’t from a bank or some other institution. It is based on the equity in a home and is therefore more forgiving on credit.



 



There are some great advantages with a hard or private money loan.    What if your credit isn’t bank worthy?  What if you are looking for speed? Private Money loans are generally much faster than a bank loan.  The property you want to borrow against may not be something a bank will lend on.  Banks require a property be in good shape. You can get a Private Money loan even with bad credit.



 



Sun Pacific Mortgage & Real Estate is a local, family owned business and has successfully helped hundreds and hundreds for over 22 years in the Sonoma County.  Newly located to 800 Mendocino Ave. Suite #2 Santa Rosa CA 95401.  CALL (707) 523-2099.  Also check out the regularly updated website at



[URL]http://www.sunpacmorgage.com[/URL]



 

















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