STATED LOAN??

This loan program that I will describe is going to be catered to those clients – probably the higher-end clients – that are looking to purchase or refinance but can’t, due to debt-to-income reasons, credit, etc. This is an ASSET-BASED LOAN. Here are the Benefits:

-Fixed interest rates between 2.5% and 4.5%
- Interest-Only quarterly loan payments
- Loan terms of 3, 5, 7, or 10 years
- Low closing costs
- No credit check
- No income verification
- Funds may be used for any purpose including personal or business use
- Non-personal recourse loan. The only collateral are the pledged securities.
- Loans available for up to 80% of the securities value.
- The borrower receives all dividends and upside market appreciation on the securities
- Quick Fundings - usually in a matter of days

What Assets Qualify:
Securities that qualify as collateral are Publicly and Actively traded stocks, mutual funds, bonds and treasury notes that are not restricted in any manner. Most foreign securities are acceptable.

Those NOT Acceptable would be 401K, Commodities, Annuities, Money Markets, CD’s, etc.

Loan Minimums:
· Minimum Loan Amount is $100,000
· Minimum Loan Term is 3 Years

· ONCE AGAIN – No Verification of credit history, income, employment or the intended use of the funds.

This loan can be refinanced or renewed with the lender when their term ends. The big part to impart to your client – THIS IS A LOAN – NOT A BUY OR SALE – SO IT IS NOT REPORTED TO THE SEC, IT IS NOT TAXED BECAUSE IT IS NOT INCOME – IT IS A LOAN.

The loan could be tax-deductible if used for a Business Loan – consult your CPA. Maybe you have a commercial client or one that owns their own business – they could use this financing for an Operating Capital or Expense Capital and then it could be tax deductible.

Once again, you can use the loan for anything – it’s the client’s money; PURCHASE, REFINANCE, CASH-OUT, NEW CONSTRUCTION, RENOVATIONS, COMMERCIAL, INVESTMENT, RE-INVESTMENTS, BUSINESS LOAN, ETC.

Like I said – information like this gives you a reason to go to your clients and offer them a solution – you are their expert – you can direct them and help them and therefore they will ALWAYS be loyal to you!!

See how much more I offer than your Average LO??!!

Have a GREAT Weekend – Happy Selling and Be Safe in your Holiday Travels!! Please call me if you have any questions on Anything!!

drew