A. Any borrower who has either sufficient equity or a combination
of income and credits which supports the loan they seek.
Q. Who may sign for a loan?
A. Natural persons who are currently on property title now -- or will be
in the future--may sign, depending on the loan program they chose. Alternatively,
Executors and Administrator of Estates, Conservators, Guardians, Trustees
and other Fiduciaries may sign for many equity-based loan programs.
Q. How are borrowers qualified?
A. Borrowers can choose between equity-only qualified--and other programs--
which consider your credit and income as primary factors. Naturally, good
credit and sufficient provable income will help you qualify for the best loan.
Q. What kind of interest rates and terms are available?
A. We offer rates that are very competitive with the market for each borrower's
individual situation. The lowest bank rates are available to borrowers who
qualify for these conventional-type loan programs. Other borrowers qualify
for higher rates. Terms may be as long as 30 years on many loan programs.
Q. Can I get a loan to buy out my brother and sister, even if I
don't have a cash down payment?
A. Yes! Your share of a property held in a probate estate or trust may be
used in lieu of a cash down payment. We've helped hundred of families with
buy-out financing to those who wish to keep the family home or other property.
Q. Why can't I just call my bank or go to any other mortgage company
to get a loan?
A. Rarely do banks and mortgage companies have any expertise in lending
on estate and trust owned property. Such lenders will not make these very
specialized loans.
Q. How long will it take my loan to close?
A. We can close you loan in as few as 5-10 days, however probate and trust
loans usually take 2-3 weeks. Allow several more weeks if a court order to
borrow is required. Conventional loans may require 30 days to complete, or
more if all parties have not agreed to your buy-out proposal in writing.
Q. How do I get started?
A. Begin by getting pre-qualified for your loan by completing
our Get Pre-Qualified form. We'll call you after we've received it and
review your best borrowing options with you.
