Banks May Not Offer the Best Rates

Mortgage rates are at some of the lowest rates they’ve ever been, but experts suggest that borrowers may not be receiving the best rates that they deserve due to the way banks price mortgage loans. Loans need to be attractive to the investors that purchase them from a bank, and since lenders wish to make a profit, the rates may not always be the best.

The majority of mortgages are sold once they close to investors like Fannie Mae, for example. These loans are sold by lenders to allow additional lending capital while lessening the odds that a borrower may default, which means lenders offer them with terms and rates that are attractive to investors. Essentially, investors drive pricing, so the rates may not be as ideal as they should be.

If you’re an investor, you may wish to seek alternative lending options such as private money lending. With M&M Private Lending Group, private money real estate loans are intended to lessen the closing time and we offer competitively low rates. We also remove a lot of the red tape that comes with a traditional loan as you won’t need to have a credit report or tax returns to work with us. If you’re seeking alternative means to receiving financing or a loan, give us a call to discuss options.

This update is brought to you by Michael Internoscia, Principal Broker and CEO of hard money lenders Florida company M & M Private Lending Group. We have over three decades of experience specializing in private money real estate loans and we pride ourselves on providing our esteemed clients a service that’s personalized while delivering low rates and closing costs. We also offer mortgage note investments and have worked extensively with brokers and affiliates. Call 305-363-7169 or 954-445-4434 to speak with a lending representative about our Florida private loans or visit our website at to fill out an application form.