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Posted in Mortgage
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tiaza09

1 Contribution
5 People Helped
first time home buyer
Looking for private lending company for home purchase

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Top Contributor
14 Contributions
78 People Helped

home purchase

My recommendation is for you to establish a relationship with a credit union.   Credit Unions are non-profit; that is they don't have to pay dividends on profit and answer to  shareholders who own stock.  A credit union has a financial advantage over banks by not having to boost their stock price.    It is "member-owned" like a club.    AAA Auto insurance also works this way.   So my recommendation is open a savings or checking account, get to know 2 or 3 of the credit union loan officers or credit union bank manager and establish a friendly relationship.   These people can have sway when it comes time to appying for a loan and help you get what you need.   Many other private lending companies are going to gouge you on your home purchse because that is in their nature; make as much money and profit as possible.   Hope this helps !!

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