- Trust Deed Investing
If you have decided to begin the process of investing in trust deeds, then you’ve never picked a better time, but you have to make sure you’re really ready to start. Do you understand what really makes up trust deed investing? It may be time to find out.
As you may already know, when it comes to trust deed investing, there are some main key points that will help you on your journey with your mortgage loan broker.
In fact, the very first thing you should have is a great knowledge on the background of your mortgage loan broker. Ask them about how long they’ve been a mortgage loan broker, what their experience in the business has been like, and get a general sense for the kind of person they are. Nothing kills a good trust deed investing process faster than a mortgage loan broker who doesn’t have the integrity to create a good transaction for their client. Make sure you find a mortgage loan broker who looks out for you and your interests.
Another important thing to consider is what the market value of your property is. Remember that the market value and the equity in the property is something your mortgage loan broker will need to know- so you should have this information on hand. Is it really that important you might ask? Yes, because trust deed investing is secured by a deed of trust on the Property, which is what you borrow against. The amount is then insured by a promissory note that outlines the risk principal and the specific repayments required.
The final thing to remember about trust deed investing is that you and your mortgage loan broker will need to make sure you have all the documents you need to make sure if asked, you provide evidence of the secured loan or purchase of the promissory note. Additionally, keep in mind that investing of trust deeds can be secured with either by one lender or more than one lender or note holder, so make sure you have a written agreement and know what you need.
- Big Daddy Dennis Hard Money Lender
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