Not Your Typical Short Testimonial
If you have ever done business with Evoque lending then you already know this, and for those of you who haven’t, you need to read this and join the fortunate people who have discovered and have done business with Evoque lending. Because once you do, you are going to be glad and thankful you have found the best of the best for your Home Loan needs, and you will never go anywhere else when your home loan needs come up again. This is exactly the case for me, I have used them before for my home loan needs and yet now again. And Mike Arnold who works for Evoque...Read More
Open House Incidents
It was late on a Saturday afternoon. The day before, Susan, a real estate agent, had confirmed the Saturday afternoon open house for one of her clients. When Susan arrived, she let herself into the home, as instructed, and saw that the house was a little messy. Wanting to present the home in the best light to potential buyers, Susan washed the dishes in the sink, folded some laundry, and tidied up rooms. The time for the open house came, a few people arrived, and Susan showed them the property. About 45 minutes into the open house, another real estate agent...Read More
Setting the Standard
A Brief Overview of the CFP Board’s New Code of Ethics and Standards of Conduct Effective October 1, 2019, CFP (Certified Financial Planner) Board’s new Code of Ethics and Standards of Conduct (“Code and Standards”) was issued. The Code and Standards sets forth the ethical standards for CFP professionals, and replaces CFP Board’s current Code of Ethics, Rules of Conduct, Financial Planning Practice Standards and Terminology. The enforcement date for the new Code and Standards is June 30, 2020. The new Code and Standards includes a range of important changes,...Read More
Factors for Evaluating Whether a Loan is for a Business Purpose
Part 1 of 2 – Federal factors. Although lenders are perhaps more familiar with the regulations involved in making loans to consumers, it is important to keep in mind that different rules apply to business purpose loans secured by real property. The first step in the analysis is, naturally, to determine whether the loan is a business purpose loan, or a consumer purpose loan. In Part 2, we will examine some of the state considerations. Part 1 we focus on some of the federal considerations, starting with the Truth in Lending Act (TILA). Along with its federal...Read More
