I am a private mortgage lender which means I make real estate loans (non-bank loans) to individuals who can't qualify for bank financing. In California, this is sometimes referred to as Trust Deed Investing because the security instrument (how you secure the collateral) we use is called a Deed of Trust. The loans can be risky of default and subsequent foreclosure. This is why we don't make loans for more than 70% of the value of the property. The returns, however, are very attractive. It is not uncommon to earn 11-15% interest on trust deeds. I think they are relatively safe because they are secured by Southern California real estate.READ MORE AT www.MortgageRatesreport.com
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