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Private Mortgages

Have you been turned down by a bank or credit union? Do you need to consolidate your debts? You may be considering a private mortgage.

Private mortgages short-term, typically interest-only loans that are funded by investors or groups of investors. You may qualify for a private mortgage even if your credit is poor or your debt is high since private mortgage lenders look at a property’s overall value and marketability rather than just the credit history or confirmable income of the borrower. 

Why Would I Use a Private Mortgage?

  • You want to refinance your home to pay off bills.
  • You need a short-term loan.
  • You are self-employed or your income comes from bonuses or tips.
  • You are buying an income or unconventional property.
  • Your credit score is low.

What to Expect

  • Expect to pay more. Interest rates and fees are higher and loan terms may be shorter.
  • Qualifying is quicker, often within days.
  • Your property must be marketable, in case you default and the lender needs to realize its security.
  • You may be able to arrange interest-only payments.
  • Your interest rate may go down if you make payments on time.
  • Ask what happens if a payment is late. There are typically fees associated with late payments or NSF’s, which you would be aware of.
  • If you default and the lender forecloses, you can lose your home.

Axess Law can review your mortgage agreement and answer any questions you have about private mortgages so that you can take your next steps with confidence and peace of mind.


It was a pleasure working with Patricia from Axess Law. It was my first time purchasing a home, and was very nervous about every step in the process. I called and emailed Patricia several times with the silliest questions. She answered them all promptly, and provided the best customer service I could ask for. I would recommend Axess Law and particularly Patricia to everyone.

Cindy Tran

In the past I had to make appointments and waited for days to see a lawyer. Now conveniently this office is at my neighborhood supermarket. I was able to walk in and get my documents signed in less than 30 minutes The staff are courteous and professional. I would recommend anyone. Prompt service.

Joy Stewart

I am writing this review on behalf of my daughter who completed her first Real Estate condo transaction with AxessLaw. Besides just helping my daughter as a client, they helped her understand every single step involved in the process and the whole process was completed without any problems. I would recommend them to anyone looking for hassle free real estate transaction without thinking twice.

Irene Tucker


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