Loan process with Private Lender

[Udaya P.]

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