Are you having difficulty qualifying for a traditional mortgage loan? O r are you on a short timeline and unable to wait around for the bank to make its final approval? If you are in either of these situations, you may be interested in a private mortgage loan. This type of financing is faster and much easier to qualify for, as the private mortgage lender will base your approval mainly on the equity of your home (up to 75% of the home's value) rather than your credit history or proof of income