Three Ways You Might Be Able To Add To Your Volume
Expand the services you offer and you might add a few more loans to your books. Here are three suggestions to promote to your borrowers and referral partners that we can help you with:
- 1031 Exchange Transactions – Real estate investors use a 1031 Exchange to defer capital gains tax by swapping one investment property for another. There are requirements such as the time in which they must complete the transaction. Our no income Investor Cash Flow loan is ideal to help with these transactions. Easy to do and quick to close.
- Delayed Financing – Cash buyers are still out there. That doesn’t mean they don’t want to finance the home – maybe they paid cash to quickly win the bid and would like to recoup that cash. Cash buyers can get a mortgage within six months of purchase without waiting. All of our non-QM loans can be used for those borrowers. A cash buyer is a potential borrower! Get the word out to Realtors and anyone else you know.
- Cash-out Refinance – According to HousingWire, 45% of U.S. homeowners are equity rich. CoreLogic reports that homeowners in the U.S. gained over $60,000 in equity per borrower. This is due to historic home price growth across the country over the past few years. Let clients know their equity can work for them helping with home renovations, college tuition, debt consolidation or funding a business. All of our non-QM products can be used for a cash-out refinance.
For more information give us a call – we are ready to help you add as much volume as possible. Any scenarios on your desk that might not fit Agency requirements? Send them our way and let’s determine how to get those closed!