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Private mortgage lending involves a private individual lending their personal monies (cash, IRA monies, etc) to another individual in return for an agreed upon rate of return.Â This type of lending can offer above average returns and low risk if structured properly, because it is secured against the actual property.
Mortgage rates showed no clear direction in the Houston area this week. Benchmark 30-year rate slides in Houston. According to Bankrate’s national survey of large lenders, the average rate on.
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