This program offers a completely different form of financial service for your clients -- you will NOT be offering them a loan, you will be offering them CASH for something they already own.  You won't have to bother with credit checks, application forms or income schedules.  In fact, these things won't matter at all!  Your client could have terrible credit, or no income at all, and still qualify.

WHAT IS "NOTE BROKERING DISCOUNT MORTGAGE PROGRAM"

In the normal course of your business you will be finding clients who are receiving payments from some type of note or mortgage.  Most do not know they can sell their note.  The Lenders listed in our manual are eager to purchase these notes.  You will be providing our lenders something your clients already own and want to sell.  Your clients will own a mortgage, trust deed, contract or other debt instrument under which some other party is paying monthly payments to them.  You will have DIRECT ACCESS to several major lending institutions who purchase mortgages, trust deeds, and contracts IN ALL 50 STATES.  These lenders are very active in purchasing mortgages that are secured by -- a single family residence, a multi-family residence, commercial property, or bare land.  A simple telephone call to one of these lenders, on their toll free number, will give you a quote the same day.  Your commission will be anywhere from 5% to 10% of the actual purchase price and since our lenders offer very competitive prices, you can compete with anyone who is purchasing discounted mortgages in your area. 

Diversifying

The beauty of adding this new service to your existing business is its simplicity!  Within a couple of weeks, a note purchase can be closed and you will receive your commission directly out of the proceeds of the funds at closing.

CREATIVE FINANCING often includes the seller of real estate becoming a private mortgage holder.  The seller, in effect, actually becomes the lender -- and carries the mortgage.  Billions of dollars in seller notes are created each year.  This, of course, creates a tremendous number of clients who are carrying mortgages.  As times change, many of these note holders wish they had their cash so they could buy other real estate or make other investments.  Many would rather sell their notes and get their cash now, instead of receiving monthly payments over a long period of time.

OWNER FINANCING IS HERE TO STAY AND WILL BE ONE OF THE MOST ACTIVE TYPE OF THE NEW MILLENNIUM. THIS SPELLS CONTINUED OPPORTUNITY FOR YOU!!!

Creative financing has created a multi-million dollar market for the discount mortgage business and an absolutely outstanding opportunity for you as a mortgage broker.  During times of high interest rates or conservative bank lending (tight money), more and more creative financing takes place -- guaranteeing you a hedge against slow loan originations. 

You don't have to wait till your loan origination base shrinks.  A GREAT DEAL OF MONEY IS WAITING TO BE MADE BY SOMEONE LIKE YOU who can offer these people a way out of their mortgages -- someone who will arrange the purchase of their mortgage at a discount.   They would much rather receive a lump sum of cash NOW instead of monthly payments over a long period of time.  You can provide what they WANT and EARN GREAT FEES for HELPING THEM!

How to find Clients!

The months and years ahead will provide you with a staggering number of clients who are eager to get rid of their mortgages, thereby -
GIVING YOU THE OPPORTUNITY OF EARNING HANDSOME FEES!

CLASSIFIED ADVERTISING

Small classified ads will bring you a great deal of clients.  Our program will provide you with samples of classified ads, including ones we used that worked excellently for us.  Just to give you an example, one of the first purchasers of this program is a gentleman in Washington.  He placed a small ad in his local newspaper and in his first week he received 7 calls, of which 5 were feasible.  Three of the 5 clients accepted his quote for the purchase of their mortgages, which amounted to a total purchase of $85,000.  His fee on all of these was 6%, which is $5,100.

THAT'S ONLY THE BEGINNING OF THE FEES THAT CAN BE EARNED !!

DIRECT MAIL

Our program will provide you with a powerful direct mail letter you can use to reprint on your own letterhead.  A mailing to real estate attorneys, accountants, title companies, escrow companies, and/or abstract companies, can produce a substantial amount of business.  All mortgages and trust deeds are filed in the county clerk's office and this information is available to the public.  You can obtain these names from the county clerk or from a mailing list broker.  By making a direct mailing to these mortgage and trust deed holders in your area, you will receive a great deal of response to the service you are offering them.

BEST!  REFERRAL AND WORD-OF-MOUTH BUSINESS FROM YOUR EXISTING CLIENT BASE !

You can earn a great deal of income simply by telling existing referral clients of your NEW SERVICE.  You can even get leads from other mortgage brokers!   In many cases, you will be able to increase the volume of business you do by offering a finder's fee to someone who brings you a client.  In most states, buying and selling owner financing is not regulated as to referral fees.  As your business increases, you will get your share of the word-of-mouth referrals from people you do business with.  By providing good service to their clients, they will gladly refer you to other potential clients.