Capitalize on Alternative Products You Already Have!
In a purchase market you will have a lot of loan requests that are not conventional deals. You need to have low money down and alternative credit sources to capture maximum volume. And the good news is, you probably have the lenders already signed up–you just don’t know it! Chase will do loans at 100% with alternative credit, ABN Amro will do loans with FNMA rates with no money from the customer and just a 5% gift. Greenpoint will do loans at 97% with a 575 credit score. Your ability to offer these products, and more importantly, to know about them in the first place will help separate you from your competition that probably only knows FNMA and FHA. Block off 1 hour each week and call some of your lenders and see what they offer. We offer a great tool that can help you compete and capture those odd ball deals, it is called Askbrianpeart.com. Check out the ad on this page for more information and stop giving precious deals away! 2004 is not the year to leave even one deal on the table!