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Private Mortgages is not a secret club. These alternative financial instruments to traditional bank loans raise some eyebrows because not everyone has perfect credit scores, unusual income streams, or timelines that need a pace much quicker than the banks offer-you know, just zip-a-dee-doo-dah. Read more now on Private Mortgages

How many of us wanted to ask to borrow a cup of sugar from the neighbor and found ourselves in the middle of a chit-chat over their garden gnomes? Private mortgages are similar to sugar borrowing. You aren't dealing with a faceless, huge animal. Instead, you will be chatting with a small business or individual lender. They are more relatable and have fewer garden gnomes. Now comes the spicy part: Flexibility. Many people are not interested in conventional banks because of the mountains of paperwork they require. Yes, private lenders won't be as cheap, but, man, they are flexible-just like your yoga instructor standing on one leg. They are flexible and will negotiate with you about property types. Sometimes they even barter rent for a few garden gnomes. But then comes the bitter pill amidst sweet opportunities-interest rates can be higher. You see, private lenders have to protect themselves. They have to protect themselves from the increased risks, the tighter deadlines and the erratic behavior of human borrowers. Your mortgage hero is going to charge you what feels like a small fortune based on that very risk. Just like when you make soup, everything must be perfect. Some people fly solo; some hire guns to captain the vessel. Each has its advantages. Community forums sometimes can be a treasure trove of wisdom, and sometimes a rabbit hole one can easily fall into with confusing terminologies. There are times when the laughter is rife because of how much there is to learn even about something so simple as a mortgage. Be it dipping your toes in or plunging head-on in, just so that private mortgages can play their role: to be game-changers. Go out and venture forth; maybe ask your uncle for that “guy's number” and see whether this option brings you closer to your dream home-gnomes optional.