Some of what we have talked about before is about private money lenders .
However, its importance in the market forces us to continue talking about this financial option so that customers get to know it better and better.
Because just as a few years ago this figure was not so common, today it could even be said that it is no longer a financial alternative for many people.
Everything has its explanation being what we are going to explain next.
Private money lenders and those who sign these operations
The figure of private lenders although it may seem strange, it really is not.
Anyone in the United States can lend money by becoming a private lender.
With this, what I mean to say is that anyone who lends money to another, no matter how small the amount, will be legally considered a lender.
The fact that anyone can lend money has both good and bad things being something that can be widely debated.
What is clear is that this is a financial option that is earning more and more integers.
It is private finance companies and private equity companies who have made the figure of money lenders fashionable.
Because although these people are not usually seen in the financial sector, many times they are the ones who lend the money.
It is not only seen in home loans and other secured loans, in personal loans it happens the same way.
In the end, the figure of these investors only appears when the person signs the loan.
Both in the management and in the study of loans, the figure of lenders does not appear anywhere.
This is because it is the financial intermediaries formed by financial advisers who are in charge of all financial procedures.
Lenders, not being professionals dedicated exclusively to signing loans, what they do is limit their task to signing the financing.
That is why we almost never see money lenders working without these financial or intermediaries.
We do not see them because more than 99% prefer to lend money through one of these companies which guarantee stability that they could not otherwise.
In fact, the few private lenders we see volunteering on their own often do so because they don't directly have the option of working with finance companies.
Finance companies when accepting new investors only do so under their demands.
If the company makes loans at 12% annual interest, a lender who wants to sign for example at 25% will find that he will not be able to do so.
Consequently, you will have no choice but to work on your own to be able to make the loan in the conditions you want.
Advantages of individual lenders over other financing options
In my opinion, the main advantage over the rest is that in here we can see a financial offer that would not be possible in banks or in many other financial institutions.
It is these who in the end manage to sign the complicated loans that we see in the sector.
And all this without mentioning the speed with which individual money lenders often sign their clients' applications.