What is Private Mortgage / Hard Money Lending? | Frequently Asked Questions

 (Time-codes for each question below - 1st question begins at 00:24)  Here are my answers to some frequently asked questions regarding private mortgage that I thought could provide some basic understanding on the topic.   I wanted to outline the main differences between traditional and private lending services and why someone may choose to pick a private mortgage over going to a major lender (banks, etc)...  We will be making a series on mortgage related questions and information where I'll get a little more in-depth into some of these topics and phrases.  Feel free to send me a DM if you guys have any further questions, my Instagram handle is down below :)  1) What is Private Mortgage / Hard Money Lending? 00:24 -  01:04  2) Why choose Private Mortgage over traditional lending services? 01:04 - 02:25  3) Are the fees/rates higher on the private side? 02:25 - 03:44  4) What is the main difference between private & traditional mortgage lending? 03:44 - 04:36  5) Typically how much is required as a down payment on a private mortgage? 04:36 - 05:24 ___  Stay up to date on my day to day business life:  https://www.facebook.com/sunilprasad360