Loan process with Private Lender
How does the loan process with private lender works ?
- Can anyone let me know the step-by-step process of private money ?
- What is usual amount of points for private money ?
- What is the usual interest rate for private money ?
- At what point, we do we usually pay the fee ?
- How can we verify the legitimacy of private lender ?
Any suggestions or information is appreciated.
Thanks
--uday