Lenders

As a LENDER, how can a privately held mortgage benefit you?

What do you do when an applicant is approved for a lower LTV Loan than was anticipated?

There will be times when a borrower has come to you for a 85% or 90% loan, and you are able to offer only financing up to 75% or 80% of the appraised value. By suggesting that the borrower consider a second mortgage held by the seller behind the one you are creating, you can originate a first mortgage loan which might otherwise go to another lender. You can work with the provider of the second mortgage to insure that the ratios required for your loan are not violated.

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