Question 1

What is the difference between an A lender, a B lender, and a private lender?

Accepted Answer

A lenders are banks and major institutions with the lowest rates and the strictest credit and income requirements. B lenders are alternative institutions that accept lower credit scores and non-traditional income, usually at a higher rate plus a lender fee. Private lenders fund from individual or pooled capital, focus mainly on the property and its equity, and cost the most, so they are typically used as a short-term solution.

Question 2

Can I move from a private lender back to a bank?

Accepted Answer

Yes. Private and B lender mortgages are usually short terms of one to two years, and the goal is to repair credit or document income during that period so you can qualify with an A lender at renewal.

Question 3

Will checking my options affect my credit score?

Accepted Answer

No. Answering these questions does not involve a credit check. A credit report is only pulled once you choose to move forward with an application.

Find Your Lender

What do you need financing for?

Buying a Property

Accessing Equity

Renewing or Switching

Second Mortgage