More borrowers are getting turned away from deals because they do not satisfy stringent income or credit requirements. Now, traditional mortgage lenders are finding new ways to face this problem head-on.
As more potential borrowers fall into the “high-risk” category for mortgage loans, they are increasingly turning to private lenders equipped to deal with this problem. This has led to a large increase in the percentage of refinancing transactions completed through private lenders.
Learn more about private mortgages as part of the broader “non-bank financial intermediation” market and the benefits of working outside of traditional funding channels. These benefits are likely to grow as more cash-strapped borrowers look to refinance their homes following the pandemic.
Download this whitepaper to learn more about:
- Why your clients should consider Private Lending
- Why Private Mortgages are attractive to "A" Borrowers
- The benefits of working with Private Mortgage lenders