Go Back To Search Results Question I have a question regarding private mortgage loans? This might be a really dumb question but it's legit. This is about investing by doing private mortgage loans. I was wondering when you are doing a private mortgage loan and your charging... lets say 10% interest on a $50,000 loan... does that mean your charging 10% interest a month or does that mean a year? If you can give me any kind of feedback about this type of investing.. It would help me a lot! Thanks! By ChanceThis Posted on 08/15/09 Total Answers 1 Answers- That normally means you are charging 10% per year. Mortgage rates are normally quoted as annual rates. It's all good until a bankruptcy judge writes down the debtor's debt and you eat the difference. Answer by : Kip On Date 2009-08-15 22:52:21   Go Back To Search Results