Understanding the Key Differences in First and Second Trust Deeds
To understand the world of real estate financing, you must understand various terms and concepts, one of which is a Deed of Trust. When financing a property, you may encounter 1st Trust Deed and 2nd Trust Deed. While both are vital in real estate transactions, they serve entirely different purposes and have distinct implications. In […]
What is Considered a Hard Money Loan?
Hard money loans are secured by real property. These loans are usually funded by private individuals or companies, rather than traditional banks. Generally, a hard money loan is a short-term financing solution to bridge a gap until long-term financing is available. Whether it’s to access quick working business capital or to capitalize on a time […]
What is a Second Trust Deed and How Can You Use It?
Hard money 2nd trust deeds are popular amongst business owners and real estate investors due to their ability to tap into a homeowner’s equity without having to refinance their entire property. For example, when a property owner has a low-rate 1st mortgage and doesn’t want to touch that loan, they would inquire about a 2nd […]
