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

What is Private Mortgage / Hard Money Lending? Frequently Asked Questions. Jennifer Beeston, VP Mortgage Lending at Guaranteed Rate Mortgage

What is Private Mortgage / Hard Money Lending? Frequently Asked Questions video duration 6 Minute(s) 4 Second(s), published by Sunil Prasad on 02 02 2019 - 17:00:02.

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 People talk about authenticity a lot but there's one sure fire way to attract your perfect referral partners and clients
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Learn more about the Jennifer Beeston, VP Mortgage Lending at Guaranteed Rate Mortgage Welcome to my channel and thank you for stopping by! I created this channel to make the .

(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
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Sunil Prasad is a passionate leader who is in his element when it comes to business. As an avid Entrepreneur and Public Speaker, Sunil believes in encouraging people to learn about themselves and work hard in order to succeed. It’s that simple.

Sunil’s story begins as a small boy who failed Grade 2. He took this early academic disappointment and turned it into the fuel he needed to become the personification of a hard worker. In doing so, he conditioned himself to become the boy - and later the man - who proved everyone wrong.

At the ripe age of 14, Sunil walked into a bank to apply for a loan - to his surprise he was turned away.

At 18, Sunil walked right back into that bank, got a $2,000 loan and paid it back with the actual loan money - plus interest. When asked why he took out this loan, he responded: “because I could.”

In his early 20’s, Sunil started an investment company which held stocks, bonds, and real estate. Growing steadily with the market, Sunil now owns and operates TFS Total Financing Solutions Inc., a mortgage company focused on commercial, construction, and private lending with a strong interest in financing businesses within the Canadian Market.

Sunil is proud of his milestones and continues to work with his strengths and transform his weaknesses. The fundamental component of his success is working with people on a deeper level and encouraging them to better know themselves. Knowing what is important to you is important to him.

With a true love of life and passion for excellence, Sunil utilizes his leadership skills to confront any challenge.

Through self-development, he has mastered business development and would love to share it with you.

Website: http://sunilprasad.com/

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#privatemortgage #hardmoneylending #mortgages