Actually there are a number of good reasons to opt for a private mortgage. Accessibility is one of the prime reasons. Closings are efficient and speedy. There is significantly less paperwork and private lenders are more considerate of less-than-perfect credit records or situations where it is difficult to substantiate employment records. Private money is readily available and the source is generally a local individual who knows the value of the property to be purchased. Everything is spelled out; there are no hidden fees. If you are interested in establishing a long-term relationship, private investors are the way to go.