Why Should You Go for a Private Lender for an Investor in Real
Estate?

You are trying to decide whether to get your real estate loans from a bank or from a private lender. There has been a lot of talk lately about private lenders like us at Gelt Financial. Why should you choose this non-traditional way to get investor real estate loans instead of getting one from a bank?

As you think about your options, think about the many benefits of a private lender. You may realise that banks, even though they are everywhere, don't meet the real estate needs you thought they did.

It is easy to get real estate loans with private lenders.

With a private lender, it's really easy to qualify. Banks want to look at your credit score, different credit reports, payment history, and income to see if you'll pay back your loan in a reliable, on-timeway. On the other hand, a private lender is almost the exact opposite.

With private lenders Australia , getting approved is only half of this process and is much easier and less stressful. Private lenders don't care as much about you, the borrower, and may only ask for a few months' worth of bank statements and details about when and where you bought your home.

Collateral Only Loans for Real Estate

Why is it so easy to get in? Because private lenders look for security in your property, not in how trustworthy you are as a person who will pay back the loan.

Private lenders know they can get this collateral if they need to, and if you don't pay back the loan, they will sell the property to get their money back.

If you pay back the loan and everything goes well, you as the borrower and your private lender don't have to worry about anything, and everything works out well for everyone.

No Credit Needed

Private money lenders are a great choice for people who are having trouble getting traditional investor real estate loans. If banks say no, a private lender will take them, even if they have bad credit.

For some people with bad credit who may have fallen on hard times financially, this is a second chance and a saving grace. Borrowers who go to private lenders don't have to give credit, so they can start over and follow their real estate dreams without being turned down by banks over and over again.

Talk directly with the people who make decisions.

Private lenders let borrowers skip over any third-party nonsense that banks and other standard lenders use to approve and carry out loans.
When you choose us as your private lender, you work directly with our representatives, who are the people who make decisions, have experience, and are in charge of your loa.

In contrast to a bank, borrowers talk to the lenders who are important to their loan and account. There are no committees; people just talk to each other.

Solutions that fit your needs

Large banks, especially national banks, don't have the time or resources to give each borrower the attention they need.

As a result, loans are made on a large scale and aren't flexible enough to meet goals or financial situations. Private lenders, on the other hand, can make loans, terms, and rates fit the financial needs of their borrowers, giving them a completely custom financing experience.

Private lenders don't have to follow the strict rules that banks have to follow during the loan process, which is good for the borrower.

Private money lenders have a lot of advantages over big-name banks, such as fast service, customised loans, dedicated private lenders, and a different approval process and set of requirements. Investor real estate needs quick financing, which makes these private lenders more and more important.

Potential real estate properties can come and go in a matter of seconds, and if you get your investments financed by a private lender, you can be the one to close the deal.