Question by werwer: What is the minimum number of payments that a person must make on a private mortgage…?
I’d like to know the minimum number of payments that a person must make on a private mortgage–between me (the lender) and the borrower–and what kind of documentation is needed before a commercial lender will consider a refinance of the mortgage
Answer by mildred f
It’s all up to them. You would be wise to have some equity. These days no one wants to loan money for any reason to anyone.
What do you think? Answer below!