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private money: Ten Reasons You May Need A Private Money Loan In San Mateo County - 11/12/09 07:42 PM
Here are ten reasons why you may need a private money loan in San Mateo County:
Speed - private money lenders can move fast because they can give more attention to the files submitted. They are not processing hundreds or thousands of files per day, like banks do. stated income - private money lenders may not require income documentation as long as the file falls within regulation Z guidelines regarding stated income. low credit score - private money lenders are more willing to work with clients who have credit scores that fall below what the banks require. Their primary concern is … (2 comments)

private money: San Mateo Owners Wonder: What Is A Private Money Loan? - 10/30/09 07:13 PM
I have had real estate owners in San Mateo County ask me - what is a private money loan? A private money loan is a real estate loan funded by non-institutional sources.

Non-institutional sources of private money loans vary. The source could be an individual. Often it is a group of people who have pooled some funds together. 
There are companies that specialize in the placing and funding of private money loans. These companies serve at least two important functions.

The first function they serve is the marketing of the availability of private money loans. They often post ads on … (10 comments)

 
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Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California

Burlingame, CA

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