14 August 2008
Home buyers turn to private lenders, Popular Home Mortgage Options
Posted at 8/14/2008 11:00:00 AM
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A SOURCE OF FUNDS FOR RISKY MORTGAGES August 8 2008 - It can be tough to get a mortgage these days. Banks want hefty down payments and their lending guidelines are constantly changing. So where do some Bay Area residents hoping to close their deals or refinance go? Private money lenders. Private money lending - also termed "hard money" - is a multibillion-dollar business in California. For decades, private money lenders were the real estate market's subprime financing sources, ..>>.
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