Ep.42 | Private Mortgages for Bad Credit??
An episode of the Canadian Private Lenders’ Podcast podcast, hosted by NEAL, titled "Ep.42 | Private Mortgages for Bad Credit??" was published on August 14, 2024 and runs 27 minutes.
August 14, 2024 ·27m · Canadian Private Lenders’ Podcast
Summary
Discover how private lenders can be a lifeline for real estate investors and professionals struggling with poor credit. This episode cuts through the noise to provide practical advice on navigating the world of private lending, including: ● The pros and cons of private loans for borrowers with bankruptcy or high credit utilization ● When and how to transition from private lending to alternative financing options ● The key factors pri...
Episode Description
Discover how private lenders can be a lifeline for real estate investors and professionals struggling with poor credit. This episode cuts through the noise to provide practical advice on navigating the world of private lending, including:
● The pros and cons of private loans for borrowers with bankruptcy or high credit utilization
● When and how to transition from private lending to alternative financing options
● The key factors private lenders consider when evaluating borrowers
● Real-world strategies for overcoming financial setbacks and securing private loans
From first-time buyers to experienced investors, this episode offers practical solutions to overcome common challenges and unlock new opportunities in real estate.
Show notes:
1:17 - Introduction
2:15 - Are private lenders for borrowers with bad credit?
10:27 - When do you go from a private lender to an alternative?
11:07 - When does the lender get qualified?
14:49 - Bankruptcy stays in your bureau for a long time
20:38 - Overextended credit utilization
24:27 - Marital breakdowns
27:08 - Outro
Resources:
Find Neal On:
- Instagram - @Remaxneal
Find Ryan On:
- E-mail - [email protected]
Similar Episodes
Apr 22, 2026 ·15m
Jun 10, 2011 ·17m
Apr 29, 2011 ·17m
Apr 29, 2011 ·15m
Feb 18, 2011 ·10m
Feb 8, 2011 ·13m