What is a private mortgage ? A private mortgage is where private individuals such as us lend you money to purchase a home without going through a bank.
Who provides the funding ? Our funding is ALL done in house with 10 different lenders in our group.
How much money can I borrow ? The amount of money you can borrow depends on many variables such as your income, purchase price of home, where home is located, etc...
What is the interest rate ? Our interest rate is 7.9%
What are the loan terms ? Our loan terms are generally for 5 years but we do extensions if more time is needed to secure conventional financing.
Do I need good credit ? You do not need any credit at all. You only need a down payment and income.
How long does it take to close on my home ? On average we can get you in to your new home within 45 days.
What kind of property does PMG finance ? We finance commercial, residential and both owner and non owner occupied properties.
What is a Sample monthly payment on a $100,000.00 Loan ? The monthly payment on a loan that size would be $726.81 without taxes and insurance.
Do you have a free mortgage calculator ? Yes we do and you can use it here.