What is a probate code 850 petition?
The probate code 850 petition, commonly known as a Heggstad petition, facilitates the legal process of avoiding extensive court probate administration procedures. It requests the court to order properties that should have been titled in the name of a trust but were not. Heggstad petitions are a cost-effective and robust tool that can save you time and money. They can also assist in the detection of any possible trust disputes, trust challenges, trustee suspension, trustee removal, or violation of fiduciary responsibility that may be waiting in the wings. In this...Read More
Our Top Loan Amortization Tips
While loan amortizations may seem easy to understand, they can also be incredibly nuanced. At Evoque Lending, we’re here to break them down for you! Here are Four loan amortization tips to keep in mind when it comes to taking control of your mortgage: 1. Choose a 15-year mortgage if you can afford it: a 30-year fixed rate is typically more popular amongst homeowners, but not everyone realizes that the amount of interest you pay is significantly higher over the course of the loan. 2. Utilize accelerated amortization: by accelerating your amortization, you...Read More
4 Loan Amortization Tips to Help Borrowers Pay Their Mortgage Off Quicker
On the surface, loan amortization is easy to understand. But the concept can also be incredibly nuanced depending on the details of your mortgage and what you are trying to accomplish. You will find a loan amortization schedule on your mortgage statement, and it will detail exactly where your payments are going each month. While it may appear set in stone, you can alter your amortization schedule at any time using simple techniques. Whether you want to lessen the amount of interest paid or reduce the term, below, we’ll go over four tips that can help you...Read More
Lending and California’s Usury Laws
California usury laws add a layer of complexity to doing business in the state. Usury laws limit the amount of interest that can be charged by various parties, and usury is the charging of interest in excess of the amounts permitted by those laws. The California Constitution characterizes “interest” as fees, bonuses, commissions, discount, or other compensations received from a borrower. Before brushing aside usury laws, it is important to know that any lender that originates a usurious loan in California will be subject to tough civil penalties. Unfortunately,...Read More
