Private mortgages offer an alternative lending option for individuals or businesses who may not qualify for traditional bank loans due to poor credit or unique financial situations. With private mortgages, borrowers can secure financing by using their property as collateral, granting them access to funds for various purposes such as debt consolidation, home improvements, or investment opportunities. Private mortgages often have more flexible terms, quicker approval processes, and personalized repayment schedules compared to conventional loans, making them a versatile tool for those seeking tailored financial solutions. Max mortgage is 80% as a combined LTV with a first mortgage