Friday, October 10, 2008

Current Market and Private Mortgages

The sub-prime mortgage crisis has affected the United States, Canada, Europe, and the rest of the world to some extent. Because of these far-reaching effects, many lenders have gotten out of the business altogether, or at least severely restricted their criteria for doing business. This has made it challenging for many to find private lenders to fund deals.

At Donna's Mortgages, we've had long-standing working relationships with several private money lenders and continue to do business with them. Because of the established relationship we enjoy with these lenders, we can happily say that it is "business as usual" at Donna's Mortgages, despite the economic downturn.

So, for those who may require the services of a private money lender, this is a facet of our business that continues to grow and be available to our clients.

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