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Showing posts from October, 2021

WHAT ARE THE ADVANTAGES OF CHOOSING COMMERCIAL PRIVATE LENDERS?

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  Although conventional lending institutions have long been considered as the best for property mortgages, the increasingly fast-paced environment has opened new ways like  private mortgage lenders Sydney  to fund their real estate ventures. Obtaining financing from a private lender is useful to real estate investors who need urgent funds to close a deal. This helps to avoid the hassles of the long-drawn procedure. Private lending Sydney enables real estate investors to get funds way more quickly than from the organised sector. Areal estate mortgage is one of the safest ways to borrow due to the fact that this type of loan represents a notable percentage of the mortgaged property value with a lower loan-to-value ratio than a regular mortgage lender. Moreover, the private sector has a fast procedure unlike a conventional institution, where so many parties have the say for loan approval. Read the following paragraphs to know why private lending in Australia is better: Fast ...

Private Mortgage: Do’s & Don’ts

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  Information about private money lenders and how the dynamics of lending & borrowing works is not available online. In this article, you will get the relevant knowledge about private home lenders in Melbourne, and what are the dos and don’ts to keep in mind. To understand how the process works, and how private lenders in Sydney can help you.   This article will focus on what to do, and what not to do when dealing with private lenders.   Private lenders/  Private mortgage Melbourne works on the simple lending criteria: 1) Around 65%-75% of the value of the property. 2) no income or credit checks. 3) Money available in a short duration. 4) High-interest rates as compared to banks and other financial institutions.   Don’ts while taking the private mortgage:   1) Contact these lenders if they are ready to sanction more than 75% of the value of your property. For instance - You have the immovable asset of 100 000$ and you are getting 70-75000 alread...