Getting the most money out - Maximum LTV
Nadlan Capital Group – Financing For Foreign Investors in the US Market
Auctioning Results Example
Finding the Best 3 Offers Based On Your Business Plan
In the premium plan, we are going over all of the offers in a full 1-hour consultation (Worth $250), and choosing the best offers per your criteria that might be:
Paying the least amount of fees
Having the lowest monthly payment
Having the lowest possible rate
Having a short Pre-Payment Penalty since you want to refinance the loan
Calculating if it’s worth buying down the rate and the exact length of time when you will pay off the points and your savings through the life of the loan, and more... We will place the results in a Mortgage Calculator.
Getting into the Top Offer with a 2nd Auction
We are letting the top 3 banks know about the top 3 offers and let them fight over it performing a 2nd auction between the 3 top lenders by sending them the other offers and as well any external offers to compete on. Usually, the lender’s account manager will show these offers to his manager and will get a special exception to improve their offer - we didn’t have a single time that we couldn’t beat external offers using this system - it’s just like negotiating after inspection. Most of the time our offers will initially be better than any external offer. Every external offer needs to come on a company’s page with a logo.
Competing & Beating Any External Offer
We encourage you to shop around and get external quotes - usually our provided quotes, after doing an auction between hundreds of lenders, are already better than any external quotes that our borrowers have, but even if there is a better quote, we never had a situation that we couldn’t beat it, simply because that these external quotes, when provided on a lender’s formal business letter, are being used for negotiations just like an inspection - when you like to lower the cost of a house by $10,000, if you would just ask that from the seller, most likely he will say no, but if there is a hall in the roof, he will have to reduce it - so external quotes are being used in the same way - for negotiations. The lender’s account manager takes them, including the 2 other best auction quotes, to the manager and so far 100% of the times we got a better offer!
Criteria We Are Looking At for Best Offers
We are going over all of the offers in a full 1-hour consultation, and choosing the best offers per your criteria that might be:
Getting the most money out - Maximum LTV.
Paying the least amount of fees.
Having the lowest monthly payment for the PITIA.
Having the lowest possible rate.
Having a short Pre-Payment Penalty since you want to refinance the loan in a few years.
Calculating if it’s worth buying down the rate and the exact length of time when you will pay off the points and your savings through the life of the loan and more...
We will then Normalize the offers - which means we will get all of the offers on one scale. Based on doing hundreds of loans, we already know the average cost difference between let’s say 65% LTV and 70% LTV, 5 Years PPP, and 3 Years PPP, The origination cost difference between a rate of 7% and a rate of 6% - so that way we place all of the offers on the same scale to choose the best 3 offers.
Mortgage Roadmap
Mortgage Calculator Analysis
Once we find the best 3 normalized offers, we will place the best offers in a Mortgage Calculator to see:
The monthly payment in each option, the amount of interest paid.
How much we can save by choosing different rates or buying down the rate.
The break even point in years and months when this happens.
