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Lenders
Wizard Financial Inc., always takes special care when finding Real Estate loans for its investors. and we research the title report, credit history of the borrower, and most importantly the property value when assessing the worthiness of the loan.
You will receive the following documents in your lender's package :
- Credit Application: Shows employment, income, number of years at residence, and general borrower information.
- The Credit Report: Lists all open and closed past credit accounts to judge credit worthiness.
- Appraisal: The real value of the properties are determined by comparable sales as reported by public record and multiple listing service information.
- Preliminary Title Report: Issued by a title company showing liens and trust deeds of record and other matters affecting title on the subject property. When the loan closes, the title company will mail you a full title policy issued in your name.
- Copies of escrow instruction, note and trust deed: They are drawn by an independent escrow company.
- Trust deed listing: Summarizes all pertinent information at a glance.
- Broker Disclosure: 6 page Department of Real Estate disclosure signed by a broker showing interest rate, term, conditions of loan, borrower information, payment history and loan to value ratio.
Wizard Financial Inc., a California Corporation is a Real Estate Broker licensed by the California Department of Real Estate. Wizard Financial Inc., arranges loans secured by California Real Estate.
If you are a California resident, and you meet the suitability requirements, you can now earn more than you receive on a savings account or CD’s at your bank by investing in deeds of trust.
Wizard Financial Inc., a California Corporation
Real Estate Broker - CA Department of Real Estate License # 01522765
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