THE JUMBO ZERO DOWN -
NOTE PR0GRAM

WILL SPLIT COMMISSION

At $10,000 on each million (1point)

VALUE RANGE –
$1 MILLION TO $50 MILLION PER DEAL

BUYER REQUIREMENTS:

> NO DOWN PAYMENT – buyer must provide a copy of a personal check in the minimum
amount of 5% of the sales price. The check DOES NOT have to be cashed at any time.

> All CLOSING COSTS ARE INCLUDED IN THE DISCOUNT

> 720 MIDDLE FICO SCORE (no leeway)

> NO ASSET VERIFICATION

> NO INCOME VERIFICATION

> NO TAX RETURNS OR BANK STATEMENTS

> NO PREPAYMENT PENALTY

> NO DEBT RATIO REQUIREMENT – it must make sense on a 1003. Use a 45% Debt
Ratio as a guideline.

> INTEREST RATE – Between 7% and 8%. Quote will be given at time of submission.


PROPERTY TYPES: RESIDENTIAL, MIXED USE AND COMMERCIAL – property must be in full market condition. This means no fixers or property requiring repairs.

THERE IS NO SEASONING ISSUE/PROBLEM WITH THIS PRODUCT -
It does not matter how long the seller has owned the property.

HOW THE PRODUCT WORKS – Sale structured is - 85% first lien, 10% second lien, 5% down
A note is created for the buyer (from the seller) at 85% of the sale price or appraisal, which ever is lower.

The buyer provides a copy of a down payment check in the amount of 5% of the sale price. The check is never cashed and can be destroyed after closing. Buyer must have the 5% amount liquid stated on the 1003 credit application.

A second note is created for the buyer at 10% of the sale price. This note can be destroyed after closing.

THE DISCOUNT –
The first lien is purchase at 70-80% of its face value.


WHY THIS PRODUCT IS SO POWERFUL -

The buyer ends up purchasing the property at 85% of the sale price and does not have to put any down payment money into the deal. It also eliminates the mountain of red tape associated with obtaining traditional Jumbo loans. Deals can be closed within two weeks of documentation submission.

THE PRE-APPROVAL PROCESS -
1. Completed Property Evaluation Worksheet (call for worksheet when you have a deal, not before)
2. Purchase Contract (does not have to be signed yet by the seller)
3. Appraisal - no more than 120 days old. Must be submitted via email with color pictures
4. Completed Buyer 1003 and tri-merged credit report with all three scores.


Deals can be closed within two weeks of documentation submission.

WILL SPLIT COMMISSION

At $10,000 on each million (1point)


Emanate Success,

Sterling S. Simpkins
Owner Financing Consultant
FUTURECASHTODAY@GMAIL.COM
9734095795cell
9739094900 fax

Interesting, who comes up with the original money? This sounds too good to be true.

__________________
Metternich