Keep in mind our main business is residential & commercial loans to credit worthy individuals. If they can’t qualify for a conventional loan then we offer them a private mortgage. It just gives them another option. About 80% of our loans are referred to us by other mortgage brokers who can’t place the loan with a traditional lender. We love bank turndowns. We can close our loans in 7-10 days so that is the main reason someone would be willing to accept a higher rate on their mortgage. However, we are also quicker and easier than a bank with no red tape and cheaper than a partner that you would need to split your profits with 50/50.