Private Financiers Are Contacting Me

Private financiers come in two flavors - lenders and buyers. With both, make sure they pass the smell test and be sure to ask for advice from professionals because you might be signing something you don’t fully understand. Make sure you double check everything before agreeing to anything or signing on any dotted lines.

Lender Private Financier
These are folks with money and want to make more money by arranging a new home loan for you, even if you’ve failed to secure yourself a refinance. They do this because they want to make money and will likely charge you a high level of interest or have less than favorable loan terms.

Buyer Financier
In this case, financier is a fancy title for buyer because that’s what they’re trying to do… buy the house from you. It’s really not in your interest to talk to these people unless you can get a resolution that will make you happy. In some cases they will buy and rent the house back to you so you can stick around but it’s no longer your house.