Why Is Everyone Talking About First Trust Deeds?
It sounds like a piece of tricky legal jargon: “first trust deed”. But if you’re active in the investing world, odds are that you’ve been hearing that term for a while. If it sounds a little esoteric or confusing, don’t worry–most people are more familiar with the old-fashioned term “mortgage.” So, what exactly is a first trust deed, how is it different than a mortgage, and why would savvy financial professionals like Jim Stepanian talk so much about it? Let’s explore the questions one at a time.
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