Investing… As Old As Money Itself

Investing… As Old As Money Itself

US investors have many options today when they are deciding where to put their money. If you turn on the television you’ll see advertisements for all kinds of online brokerage services, banks and even companies that sell gold and silver. And because of all the advertising, people are somewhat familiar with those investments. But fewer people are familiar with trust deed investing, although it’s a form of investing that is probably as old as money itself. Simply put, trust deed investing is investing in loans that are secured by real estate. At Evoque Lending, we...
Questions To Ask Your Lender

Questions To Ask Your Lender

There are many factors that come into play when shopping for a mortgage. For some, their interest lies in the size of their monthly payments, however, from my experience I find that the majority look for the lowest interest rate. Now, for someone venturing through this process, there are several common questions that come to mind that you should discuss with your lender. Let’s take a moment and address them one-by-one before you consider signing on the dotted line. What kind of interest rate can I get? Of course this is one of the most common questions one would...
Putting The Home Loan Pieces Together

Putting The Home Loan Pieces Together

There aren’t too many endeavors in life where totally opposite strategies can be equally as sound. But consider these two approaches to real estate investing: – You can buy your home, live in it for decades, raise your family, and end up with a piece of real estate that has greatly appreciated in value over the years. And during those years when its value is increasing, you’re busy enjoying your life. When the time is right, if you want, you can cash in on that value. – In the second approach, you purchase a property that needs a little work. You...
Home Loans and YOUR Credibility

Home Loans and YOUR Credibility

An old friend, on various occasions, was known to say, “I’ve been kicked out of better clubs than this before!” The line never failed to get at least a chuckle from someone within ear shot. Frankly, I don’t know if it was a true statement for my friend, but the phrase often comes to mind when a prospective borrower applies at Evoque Lending after having been turned down for a loan from a “conventional” lender. Banks and other mortgage providers give the thumbs down to a lot of great people. People, in fact, who pose very little risk for a loan. The problem is...
Your Personal Credit And Getting A Hard Money Loan

Your Personal Credit And Getting A Hard Money Loan

All too often, with accepted offer in hand, buyers and real estate agents are forced to play the waiting game while a conventional lender or bank goes through the process of final loan approval. Needless to say there are several differences between these lenders and hard money lenders, but for now, let’s address this one. One of the most fundamental elements in approving a conventional loan is of course the borrower’s credit rating. If you’ve been following the real estate industry over the last several years, you’ll know that regulations have essentially...