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Mortgages are loans that are “secured.” A secured business loan requires the debtor to secure collateral in favor of the creditor if they fail to make payments. The collateral in the case of a mortgage is the property. If you stop paying mortgage payments, your lender has the right to repossess your property, a process known as foreclosure. Continue Reading Private 1st And 2nd Mortgages .

Private lending companies have been diversifying their products and services to meet the demands and needs of business owners and borrowers who lack sufficient financial and favorable credit scores and history to apply for a business loan. The good thing about the booming private lending industry is that they are there to fund you through ways that are non-traditional but advantageous on the part of borrowers and business owners. Read more at Get A Private 1st or 2nd Mortgage .