How You The Realtor Wins •
Increase your number of listings
• Increase your number
of sales
• McKinley is a dependable private funding source
• Close transactions for most property types, including commercial,
residential, mobiles on land, raw land and fixer-uppers
•
Referral fee to you |
How The Buyer Wins
• Self-employed can qualify
• People new to the area qualify
• Less than perfect credit
• Multiple properties qualify
• No loan origination fees or points
• Less restrictive debt-to-income ratios
• No pre-payment penalties necessary
|
How the Seller Wins
• Increase marketability with a wider group of buyers
• Obtain a high sales price and still receive cash
• Sell property faster and close more quickly
• Advertise with
“Owner Financing Available”
• Cash out all or a part of their
mortgage note |
General ideas for residential deals
• 1st mortgage, good buyer credit, 9% min. interest,
house, mobile or cabin on land Min. 15% down, can be combination
of cash and 2nd mortgage. Figure 80%. (i.e. 100K sales, McKinley
offers $68,000 cash now for a new note of 85k). For land-only
secured notes, more equity is needed.
• 2nd mortgage. Cash offer is ~50% of note balance, since
risk is high. If high equity, cash offer can be much higher.
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