The U.S. 10 Year Treasury continues to march higher daily and is making conventional loan interest rates tick up.  This rise in interest rates will eventually slow refinance activity.   Today’s Blog highlights proven methods for a Mortgage Broker to increase their revenue as the refinance market softens.

What other loan products should a Mortgage Broker choose to sell during 2021 that will maximize his/her income? How can a Mortgage Broker maximize their lead generation investments? The answer is to earn additional income by sending the conventional loan turndowns to Mortgage Vintage, Inc. (MVI)!

Mortgage Vintage, Inc. offers a suite of direct private money loan products for real estate investors, self-employed and business purpose borrowers.  MVI cooperates with brokers, every day, that are having trouble finding a hard money lender for their rejected loan scenarios.  MVI’s wholesale channel provides best in class services, real-time responses, and tools to facilitate loan submissions, underwriting and funding from our qualified mortgage broker clients.

Mortgage Vintage treats Mortgage Brokers with respect and integrity and humbly realizes that our performance advances a Brokers reputation, career, and income attainment.  The following table highlights some empirical loan scenarios and the corresponding Private Money Loan solutions that will help grow your commissions for 2021:

Difficult Loan Scenario for a Conventional Loan Private Money Loan Solution
Self-Employed Borrower with limited Tax Return Income looking for Cash-Out to buy another property or invest Business Purpose Cash-Out Loan based on the Equity in the property up to 65% Loan to Value (LTV)
Borrower wants to add an Accessory Dwelling Unit (ADU) to an existing rental or primary residence property 1st or 2nd Position ADU Loans up to 65% LTV on the After Repair Value (ARV)
Trust Owns a Property Banks often have trouble lending to a Trust while Private Money Lenders don’t have this limitation
Borrower wants a short-term loan to Fix and Flip a property and they need purchase and rehab money Fix and Flip loans with up to 80% of the Purchase Price and 80% of the Rehab money provided by the Lender
Borrower would like to purchase a residential or multi-unit property and add an ADU for rental purposes 1st or 2nd Position ADU loans up to 65% of the After Repair Value
Inherited or in Probate Non-Owner Occupied SFR where the Executor/Trustee wants to keep the property but needs money to pay off his/her siblings Up to 65% LTV Business Purpose Cash Out for the Executor with the Cash-Out used to pay off siblings
Foreclosure in process on a Non-Owner-Occupied property Foreclosure Bailout loan up to 65% LTV with the proceeds used to reinstate the current loan
Parents pass away and the Heir needs money quickly to pay off a Reverse Mortgage Business Purpose Cash-Out loan delivered in 10 days can pay off a Reverse Mortgage and provide time for an Heir to fix and rent or fix and sell the property
Mid-Construction need funds to finish construction 1st or 2nd Position Loans to finish construction
Money needed to purchase or pull money out of a facility operating a Cannabis business Low Rate Cannabis Loans ok on Warehouse, Retail or Industrial properties
Ground Up Construction on Land or Tear Down Acquisition and Construction Loans to acquire raw land or land with a tear down.  Construction Loans up to 85% Loan to Cost
Need Money to Buy a New House when I have not sold my current house yet 12-month Bridge Loan allows for an appealing non-contingent offers from borrowers

 

These are just a few of the loan scenarios Mortgage Vintage has funded over the past year.  MVI provides very competitive fast and professional loans, and we will split the points with qualifying Brokers.  Our proprietary CrowdTrustDeed Marketplace funds loans that others can’t.  What is your plan to increase income from loan scenarios that don’t work with your lender?  Please let us know with a post on our website at www.mortgagevintage.com, Facebook Page or our LinkedIn Page.