Refinancing from a Private Mortgage to a Conventional Loan

Misconceptions about private mortgages often arise from inadequate advice or a lack of knowledge and guidance. Many individuals find themselves in private mortgage arrangements due to credit or income challenges that initially prevented them from qualifying for conventional loans.

Private mortgages typically span two to three years, providing borrowers with an opportunity to address credit or income issues that may have hindered their eligibility for other loan options. However, without addressing these underlying issues during the term, borrowers may find themselves in a cycle of refinancing into another private loan, prolonging their financial plans.

At VMA Lending, we understand the importance of having a clear strategy in place when opting for a private mortgage. Our team is dedicated to assisting you in formulating and executing a tailored plan within the designated timeframe. Whether you’ve encountered a credit setback or are facing foreclosure, we’re here to support you every step of the way.

Let us help you navigate your private mortgage journey with confidence. Reach out to VMA Lending today to explore your options and achieve your financial goals.

25 Days

Did you know that, on average, it often takes longer to secure a private lender than it does to qualify the individual?

Typically, the process of closing on a private mortgage takes approximately 25 days on average.

When you need to purchase or refinance a property because you need cash or you are trying to avoid a foreclosure, a private loan can help you accomplish your goal.

• Set priorities and build the plan. Schedule and appointment with one of our Loan Officers to discuss your scenario and see what options are best suited for you and what are the recommendations to be able to refinance into a conforming mortgage.
• Put your plans in writing. On a sheet of paper do a timeline of what you need to do in order to stay on schedule.
• Follow the steps on your plan.

By following the steps it will give you the ability to refinance into a conforming mortgage and take advantage of great rates and the ability to pay into your principal with every payment you make.

• Higher credit scores. The higher the your credit scores are the better rates you will receive.
• Program(s) eligibility. The higher your score is the more programs you will have available to you.

This is a suitable way for you to achieve not only present goal but futures goals by being able to refinance into a better product once you have addressed the deficiencies.

• Quickest solution. On average the terms on the private loans are two to three years, but should the term needed be shorter. The desired term can be arranged.
• Control. The private mortgage payments are interest only payments.
• Self resolve. This is a way to resolve your need without having to ask any friends or relative for help.

Questions? We’ll Put You
On A Right Path!

Buying or refinancing can be a daunting task, let us give you the options that best benefit your needs.

Make an Appointment

+786 622 2224