What is a deed of trust?
“In real estate in the United States, a deed of trust or trust deed is a deed wherein legal title in real property is transferred to a trustee, which holds it as security for a loan (debt) between a borrower and lender. The equitable title remains with the borrower. The borrower is referred to as the trustor, while the lender is referred to as the beneficiary.”
Wait a second. Now,wither or not that is clear for you, it is an amazing feeling to go into something or situation with a knowledge base. No one likes feeling like they are making a decision without the facts. Worse yet is when you feel like you are agreeing without knowing a process that could come back yo cost you more than you anticipated. For that reason, let’s talk about a few things here. First of all how does it relate to a VA Loan?Here we will describe the differences and similarities with a Mortgage.
We try to help you understand the basics so you know what you are doing as you go through the Loan Process. Know what you are getting into and how to get the most out of your VA Loan.