Private Money Fills Subprime Void
Below is a MRR and PLR article in category Finance -> subcategory Mortgage.
Private Money: A Solution for Subprime Borrowers
Summary:
With the decline of subprime lenders, private money lending has emerged as a viable option for borrowers with poor credit, provided they have equity in their homes.
Article:
The financial turmoil of 2007, particularly the subprime mortgage crisis, dramatically impacted homeowners in Southern California. As major lenders like Bear Stearns faced difficulties, the subprime lending market crumbled, leaving borrowers with limited refinancing options. Subprime lenders continually went out of business, making headlines and causing widespread uncertainty in the mortgage sector.
Amidst these challenges, private money lending remains a reliable alternative for those with poor credit. This lending option provides a lifeline for responsible homeowners with equity who have experienced financial setbacks. Private lenders offer loans up to 80% of the home's value with proof of income and up to 70% with stated income.
As a private money loan originator in California, I can attest to the strength and resilience of this market. We are cautious with our lending, ensuring that borrowers demonstrate repayment capability through business or personal bank statements. Private loans are available on various property types, including single-family homes, apartment buildings, commercial properties, and more.
For those looking to explore private lending opportunities in California, feel free to reach out:
Jeff Chaney
info@Californiaprivatemoneyloan.com
[California Private Money Loans](http://www.Californiaprivatemoneyloan.com)
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