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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. For many, conventional banks are a complete no-go because they carry mountain-high stacks of paperwork and red tape, just like a cat's cradle. Yes, private lenders won't be as cheap, but, man, they are flexible-just like your yoga instructor standing on one leg. They take negotiations, property types, and often barter for rent with a garden gnome or two. But then comes the bitter pill amidst sweet opportunities-interest rates can be higher. Private lenders need to protect themselves. With greater risks, tighter timelines, and the odd flightiness on the part of us human borrowers, they've got to keep their pocketbooks buttoned up. You're going to be charged what seems like a small fortune by your mortgage hero based on this very risk. It's just like making soup: everything needs to be just so. Some people fly solo; some hire guns to captain the vessel. Each has their own advantages. Sometimes community forums can be a goldmine of knowledge, but they can also lead you down a rabbit-hole with their confusing terminology. There are times when the laughter is rife because of how much there is to learn even about something so simple as a mortgage. Private mortgages are game changers, so it doesn't matter if you dip your toes or dive in head first. 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.