Private mortgages are appropriate for many different kinds of people, inlcuding the following:

* Poor credit scores
* Income cannot be documented - often true of the self-employed
* People that don't want to do all of the paperwork

Here are some more reasons why an individual would want to borrow from a hard money lender.

-Preventing a foreclosure
-Buying and remodeling a dilapidated property/home
-Private business endeavors
-To improve their credit so they can receive loans in the traditional sense (i.e. banks, etc.)

To learn more about hard money lending, buy and read Private Mortgage Investing by Teri B. Clark at http://private-mortgage-investing.blogspot.com.