How Our Loans Work
Frequently Asked Questions
| How do you make your loan decision? |
| Our loan decision is based primarily on your Oregon real estate equity, not your credit or income. Basically, if you have a reasonable plan to repay the loan and sufficient equity, you're approved! Guaranteed! We can loan a maximum of 50% or half of the value of your property. For example, if your property is worth $100,000 we can loan $50,000 or 50% of its value. Out of the $50,000, we will need to pay off any mortgages or liens against the property, as well as the costs of the loan. You receive a check for the remainder. Please note: The above approval process does not apply if you are borrowing on your principal residence and your loan funds will be used primarily for consumer purposes. For these types of loans you will you have to show sufficient income in order to obtain a loan. |
 |
| How do you determine our property value? |
| We normally use your Tax Assessor’s “Real Market Value” found on your tax statement, rather than an appraisal. It’s readily available and free. Most lenders require an appraisal costing hundreds of dollars and it can take a week or two to obtain. Of course if you feel your tax value doesn’t reflect your property’s real value then an appraisal can be done. |
|
| Our credit is not so good. Is that a problem? |
| Your credit is not important to us. We are equity lenders and consequently do not have to qualify you from a credit standpoint. That’s why we’re a natural choice for so many Oregonians who don’t have the credit the banks require. We know that many times a poor credit rating can be temporary and may result from circumstances beyond your control. Our equity-based loans are a real service to our customers, providing them with ready money when they need it. |
|
| What types of property do you loan on? |
| We loan on any type of property, including lots, acreage, mobile and land, residential, construction loans, commercial, industrial and rental properties. (We don’t loan on mobiles in a park.) |
|
| What are your rates and terms? |
| Our interest rates and terms are very competitive for the services we provide. Since our rates vary depending on a number of factors, we encourage you to call us for a quick quote over the phone! 1-888-477-0444 |
|
| Will I have to pay a penalty if I pay off early? |
| No! There are no penalties for paying off your loan early. |
|
| Ok, so what’s next and how long does it take? |
| It takes about 10 days for you to receive your money. Just pick up the phone and call Rachel at 1-888-477-0444. Over the phone, she’ll give you an idea of how much we can loan on your property and what your payment will be. If you decide to go ahead, she’ll ask you some questions, get a few pictures of your property, order a title search and were done! There’s no paperwork to complete. Within a week, we’ll overnight your loan papers to your local title company. Just go in, sign, and you’re done! Your loan funds are sent from Roseburg and can be mailed to you or, if you wish, wired directly into your bank account. |
|
| You’re in Roseburg, Oregon. Do we have to drive to Roseburg? |
| No! Your papers will be sent overnight to your local title company. When they arrive, they will call you to make an appointment to sign your papers at your convenience. |
|
| Questions we didn’t answer? |  |
| If you have more questions or just want to talk to a real person,
call us at 1-888-477-0444. (We're available nights and weekends to answer your questions.) |
|
|
|
Oregon cities we loan in: Albany, Ashland, Baker City, Bandon, Beaverton, Bend, Brookings, Burns, Cave Junction, Clackamas, Coos Bay, Corvallis, Cottage Grove, Dallas, Enterprise, Eugene, Florence, Gearhart, Gold Beach, Grants Pass, Gresham, Hillsboro, Hood River, Klamath Falls, La Grande, Lincoln City, McMinnville, Madras, Medford, Milton-Freewater, Newberg, Newport, Ontario, Oregon City, Pendleton, Portland, Prineville, Redmond, Rockaway, Roseburg, Salem, Sandy, Springfield, St. Helens, Stayton, Sunriver, The Dalles, Tigard, Tillamook, Woodburn.