- Trust Deed Investing
Trust deed investing
is a difficult job, but someone’s gotta do it. That someone is your mortgage loan broker.
Mortgage loan brokers are your partners through your deed of trust investing
, so it’s really important that you get a good feel on them. If you think something doesn’t feel right about them, go with your gut instinct. You need everything to go right in a trust deed investing,
so you really can’t have something squandered because of a bad mortgage loan broker.
What You Should Know about Trust Deed Investing
You have to understand that your mortgage loan broker is absolutely going to be your best friend during this entire trust deed investing process- they will be with you the whole time and you are going to want to make sure that the mortgage loan broker is a stand-up citizen; someone trustworthy and someone experienced and absolutely ready to take on the trust deed investing for you. Your mortgage loan broker shouldn’t expect you to know everything about trust deed investing, but it really isn’t much to ask if you at least understand some of the jargon like “promissory note” and what it means or how to obtain one. In return, you should have all your property papers ready for your mortgage loan broker. Those papers after all are what needs to be presented in order to get you’re a secure trust deed investing.
One other quick thing to keep in mind is that you the mortgage loan broker that you choose must service your loan or you and your mortgage loan broker must find someone who is a properly licensed real estate broker or exempt from licensing by law to service your loan. This is something that should be remembered during the trust deed investing.
- Sandy Cramer Hard Money Lender