Discount Note Broker
As a note broker,
you will earn a profit by converting a payment
stream that someone may be receiving into an
up-front lump sum of cash. You will primarily act as
a "finder" where you find someone who is receiving
monthly payments who would be interested in taking
the cash up front. You will be able to enjoy the
personal and financial freedom you will have a
discount note broker. Anyone with three-quarters of
a brain who studies this material and takes the
initiative to carry out the program
will earn a great deal of
money as a discount note broker.
You can learn to be a discount note broker in one
day, and be in business the next day. You can
operate your broker business right from your own
home on a part time basis.
Who Needs a
Discount Note Broker?
The typical candidate for a note broker is a person
who sold a home and who is collecting a stream of
payments each month secured by a first or a second
mortgage. Or, they could be receiving some sort of an
annuity, which could be from a lawsuit or from winning
a lottery. In any case, as a note broker, you will
give the client a lump sum of money in exchange for
the monthly payments. The entity who then collects the
payments will be earning a return on his or her money
that exceeds what would be obtained in the investment
market. There are many ways to find candidates who
could use a note broker, and I will outline some of
them for you here. In what’s known as the “paper
business,” notes are purchased and sold by investors,
both individual and institutional. The term “discount
note” refers to the process of a note holder (lender)
selling the right to collect payments on a note for a
lump sum that is less than the full amount of the
original note. For example, a note (or loan) issued
five years ago for $100,000 with a current principal
balance of $96,000 might be sold for a discounted cash
amount of $85,000. The sale of the note lets the buyer
collect the principal and interest payments on the
note for the remainder of its term while the former
note holder receives up front cash and no longer takes
the monthly payments.
Where Does
the Money Come From?
As
a discount note broker, you are not fronting the money
yourself. Instead, you will work with an established
buyer that makes the transaction. You are mostly
involved in finding those who need the up front cash
and matching them with the appropriate note buyer.
Fortunately, the internet makes it very easy to find
companies that have the cash to give to the person
receiving the note. Each has its own requirements, as
far as the credit on the person or organization making
the monthly payments, and how seasoned the note needs
to be. It would be rare for a company to lay out a
large sum of money on a seller-held second mortgage
soon after settlement. They want to see a payment
history. The better the payment history, the more
money the note holder will get in exchange for the
payments. You will learn how to find the buyers and
thus create a portfolio of lenders, much like a
mortgage broker does.
What You
Will Learn With This Course
In this chapter,
you will learn the following:
- 5 ways to
find note holders, including ways that does not cost
you anything!
- What to say
or send to those you contact or who contact you
- Sources of
note brokers and buyers and how to find many more on
your own
- A sample
follow-up letter to send once you know how much they
can get
- An inbound
script that covers all the questions a broker will
want to know
Your fee will be
based on what the broker or buyer is willing to pay
for the note and how much the note holder wants or
what you are willing to offer the note holder.
Basically, you will earn how the basics of the
business and learn where to turn to get started making
money. You also get the materials you need to get
started right away.
Purchase Hot
Home Based Jobs Today!
You
can learn how to profit as a discount note broker, and
in all 30 of these jobs and
get all the bonus items offered for just $39. This
includes bonus items that are well worth many times
more than this price. I am so certain that you will
find this package to be well worth the price that
I
will provide you with a full 14-day money back
guarantee. If you can honestly say that you have not
learned anything that can help you create either a
full or part time income, just write me a note and
tell me why. I will gladly refund your $39 and wish
you well. I have successfully served over 6,345 other
customers who have purchased my
Find and Assign package and
Loan Officer 101 package. In Hot Home Based
Jobs, I provide you with the same level
of quality and resources that I provide in my other
training packages.
Purchase Hot Home Based Jobs today!
|
Contact
Us | Get Paid to Shop |
Testimonials |
A Word
of Warning |
Affiliate Program | |
