
1. Understand The Story
Every borrower has a story to tell if they are looking for a private mortgage. If they didn’t have a story they would be dealing with a bank. You need to listen to their story and determine if it makes sense. Does it pass the smell test? What problem are they trying to solve and will your mortgage solve their problem or just prolong their misery?
2. Know The Exit Strategy
How is this mortgage going to be repaid? Are they relying on hopium or is there a clear pla...
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