Can I use monies from my retirement accounts like my IRA or 401K?

Yes, you can. Interest will be paid back into the account and you can hold title to property through your retirement account. It's called a self-directing account, where you choose how to invest the money. Ask us about it today, we'll be happy to get you started.

How is my money protected?

All of our investment opportunities are transacted with the benefit of title insurance, which will protect you from cases of fraud. Before an offer from Pacific Loanworks even comes to you, our team has performed weeks of due diligence and made every effort to ensure your money will be safe.

Why do people take such high interest loans?

All different types of scenarios can put a person in position to take such a loan. Traditional bank loans can be hard to obtain for many people, some of which still have plenty of valuable equity left in their property. Those that do take such loans often do so on a short-term basis and we work with them to plan an exit strategy so they can payoff the loan.

What happens in case of foreclosure?

Pacific Loanworks will be there. We will handle the foreclosure all the way from filing the notice of default to sale or rental. Our goal is to have loans that produce monthly interest payments for our clients, but all loans contain some amount of risk. If we do have to take the property back, it can take some time, but often one can make more money from the sale of the property and cashing in the equity than from the interest payments. We do not suggest this strategy to all clients and we'll be happy to discuss the process more in depth with you in person.

Why do I have to pay for servicing?

All major banks have servicing departments, so do we. There is quite a bit of time and effort wrapped up in servicing a loan and our clients can rest easy, knowing that we are on top of every step of the process. We also ensure that the taxes and insurance on the property are up to date as well as staying on top of the borrower to collect payments.