I saw the newspaper article in the attachment about investors investing in companies providing private lending/private mortgages. Scott Pape, author calls it peer-peer lending. The article states that it is risky due to the borrowers that may come to these companies. Companies that provide private mortgages use the property as security and usually only give short term loans as a second mortgage over the property. I have seen a few of these companies coming up over the recent time (I understand these companies are different to lenders such as Nimble etc).
Web link at http://www.heraldsun.com.au/busines...d-work-both-ways/story-fngu4eru-1227308527911
Web link at http://www.heraldsun.com.au/busines...d-work-both-ways/story-fngu4eru-1227308527911
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