What are Private Mortgage Notes

As the children of the 1980s and 1990s get older, data shows millennials have one thing on their minds — buying a home. The vast majority of the home buying market — roughly 35 percent, according to a 2016 study from the National Association of Realtors — are millennials, and most of them cited a desire to own a home as their top reason for shopping. But buying a home isn’t easy, as first-time homebuyers are quickly finding out. Mounting student loan debts combined with outstanding credit card bills, or even a lack of credit altogether, is making it harder for Generation Y to secure mortgages from banks. Many are getting around the rigorous mortgage approval process, however, by taking on pr

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