There are several potential benefits to using a private mortgage lenders, including:
Flexibility: Private lenders may be more willing to work with borrowers who have poor credit or who are self-employed. They may also be more willing to offer loans for unconventional properties or for borrowers who need to close quickly.
Speed: Private lenders can often close loans more quickly than traditional lenders.
Personalized service: Private lenders often offer more personalized service than traditional lenders.