In this era of the Dodd-Frank Act of 2010 and mortgage lending reform, many trust deed brokers, investors and indeed the general population are uncertain over the future of trust deed investments on loans secured by personal residences and what these new lending laws will do to mortgage lending in general.
The present-day lending environment has made borrowing more difficult. Lending Regulators are getting rigorous when it comes to requirements as well as lengthy in their turnaround.
Trust deed investments are those wherein an investor makes a private loan to a borrower who uses his or her property as collateral for the loan.
Hard money loans, also known as private money loans, are one of the most advantageous means of investing money these days, especially because there are plenty of borrowers out there who cannot source loans through traditional means.
Hard money or private money loans are geared towards borrowers seeking short to medium term loans who have a poor or adverse credit history, or those who cannot meet the strict underwriting requirements of most banks for income and/or assets.
When deciding where to invest your money, every investor must analyze the risk vs. reward of their possible choices.
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