NLIC.org

Constance Said:

private lenders?

We Answered:

Your best bet is probably to put an ad in your local newspaper and try to get them to call you.

Margie Said:

If FHA mortgages are insured by the government why do some lenders still require / charge you for PMI?

We Answered:

because the pmi isnt on that loan its on the part of the loan that couldnt be financed under those terms right? at least i know thats how it was going to be for us until we realized we could still use the va loan even though we already owned another house....thank god because the pmi was all a rip off to me...

Pamela Said:

So would all these mortgage lenders be in a fix if they required borrowers to pay for Private Mortgage Ins?

We Answered:

Pmi is only required if the loan is over 80% LTV. The PMI companies pay anything over the 80% back to lender if the loan goes into default. So the lenders only get part of their money back. At the most 20% more likely 10%. Plus, the PMI companies are failing now and cant even pay back the lenders.

Stacy Said:

How do I find private mortgage lenders?

We Answered:

Look up contact information for your local real estate investors group. Many of the larger cities in and around the country have such groups. do a search for:real estate investor groups for your area. They will know where the private lenders and "hard money" lenders are.

Ernest Said:

Does anyone know of private mortgage lenders on north carolina???

We Answered:

If you're interested you could look into hard money lending. There is a great website out there, http://www.pitbullmortgageschool.com . You should check them out.

Herman Said:

What is the going rate for a long term private lender mortgage?

We Answered:

hard money is about 14% last time I looked

Bessie Said:

SEEKING PRIVATE MORTGAGE LENDERS?

We Answered:

Call small local lenders, most have a hard money lender in their portfolio that may lend to you