So in your 45k example, if it was 12% interest, that's 1% per month, or $450 per month for 3 years, and the $45k due back in 3 years.I also did another one where it was $90k lent to me, and $110k due back in one year.I can't comment on the nationwide stuff, in general private lenders are friends / family / business associates that you personally know.  

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I have since asked her to double check that comment of not being able to back out due to a poor inspection report but waiting to hear.Comments?

Times are very different right now and debt markets are changing daily so In addition to all the comments mentioned you will also need to meet the net worth requirement so y you will need to bring in a loan guarantor as well as raising the equity.

The inspection report was essentially blank, the inspector couldn't find much to comment on.My other old home isn't quite as updated, but still structurally sound.

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