When you shop around for the best home loan for your financial needs, you will likely come across what is known as a private lender, as opposed to a government or conventional lender. But is a private lender right for you and what is it anyway?
You’re in the market for a home and are beginning to shop around for the home loan that’s best for you. That’s when you discover you can choose between getting a loan from the government or a private lender. Which is best for you? It depends on what you’re looking for: