Bank mortgage Vs Private money lender

[Connor Fortenbacker]

Good afternoon,

I’m currently looking to purchase my first investment property in the coming months. This will be my first investment property and I want to live on one side while renting out the other side. I have an excellent credit score. With interest rates being so high, I wanted to know if I should look to get approved for a mortgage at a traditional bank or a private money lender? Any advice would be greatly appreciated. I’m location in NJ (if that’s makes a difference or not). Thanks in advance!