private lender risks and disadvantages
hi bp members,
it seems to me that it is very difficult for foreigns to get any type , mortgage from banks, especially if they leave out of US ,and i think that the easiest way is to get mortgage,loan, from a private lender association or company,
my question
is there are any risks to deal with a private lender companies?
and what are the disadvantages of dealing with a private lenders companies comparing withe banks?