Posted by Batool Shamim on April 9, 2010 ·
Well, do you want to borrow form a bank or form another business or any other person? If your answer is no to bank, then surely you are using private mortgage.So for being accurate all the time one thing of severe importance is that you should keep in mind all the risks involved in it and then formulate a contingency plan in case of their happening.Being a private lender you are always going to assume more risk, it you have good personal relations with the borrower.If you agree to enter into a private mortgage, make sure that all the terms and conditions must be in written form.There must be some thing against the loan that act as its security.
