What is a Heggstad Petition?

What is a Heggstad Petition?

At Evoque Lending, we’re here to guide you through the complexities of the financial world and simplify challenging procedures. One such process that may be key for individuals seeking a hard money loan is the Heggstad Petition, known in legal circles as the probate code 850 petition. Venturing into California’s probate code may seem daunting. But with the right knowledge and resources, you can wield these intricate legal tools for your financial benefit. Let’s explore the Heggstad petition, a powerful ally in trusts and estate planning that...
Our Top Loan Amortization Tips

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...
4 Loan Amortization Tips to Help Borrowers Pay Their Mortgage Off Quicker

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...
Seasoned mortgage professionals know.

Seasoned mortgage professionals know.

Even after 24 years in the mortgage industry (as of April 23, 2021), I found that I was still trying to improve upon my follow-up system. There are so many systems out there to choose from, so many suggestions and recommendations that all sound great, until of course you attempt to try them out for yourself. Some systems of course tend to work short term, but with others you painfully discover that they’re simply an all-out waste of time. Now, any seasoned mortgage professional knows that your biggest expense in this industry is undoubtedly leads, so it’s...
Lending and California’s Usury Laws

Lending and California’s Usury Laws

Are you considering a hard money loan in California? If so, it’s essential to understand the implications of California’s usury laws. Usury laws regulate the maximum amount of interest that can be charged on loans, protecting borrowers from excessive interest rates. In this article, we will explore the relevance of California usury laws to individuals seeking hard money loans and explain how Evoque Lending can assist you in navigating these complexities. California Usury Laws: A Layer of Complexity California usury laws introduce an additional layer...