Become a Private Mortgage Lender
Become a Private Mortgage Lender, available at $44.99, has an average rating of 4.35, with 33 lectures, 1 quizzes, based on 21 reviews, and has 1603 subscribers.
You will learn about Learn how private mortgage lending works Start a new profitable business from the comfort of your home Discover how to profit as a private lender Develop new knowledge that can help you profit as an investor Learn how to lend money without having money to lend Discover what documentation borrowers need to complete to be approved Learn how to minimize risk and increase profits What documents need to be completed and executed This course is ideal for individuals who are Anyone who wants to start a new business in the mortgage industry or Real estate professionals and mortgage professionals that want to take their knowledge to the next level or Anyone who wants to learn how private mortgage lending works or People who want to generate a new source of income or Anyone who wants to start a new business in mortgages It is particularly useful for Anyone who wants to start a new business in the mortgage industry or Real estate professionals and mortgage professionals that want to take their knowledge to the next level or Anyone who wants to learn how private mortgage lending works or People who want to generate a new source of income or Anyone who wants to start a new business in mortgages.
Enroll now: Become a Private Mortgage Lender
Summary
Title: Become a Private Mortgage Lender
Price: $44.99
Average Rating: 4.35
Number of Lectures: 33
Number of Quizzes: 1
Number of Published Lectures: 33
Number of Published Quizzes: 1
Number of Curriculum Items: 35
Number of Published Curriculum Objects: 35
Original Price: $129.99
Quality Status: approved
Status: Live
What You Will Learn
- Learn how private mortgage lending works
- Start a new profitable business from the comfort of your home
- Discover how to profit as a private lender
- Develop new knowledge that can help you profit as an investor
- Learn how to lend money without having money to lend
- Discover what documentation borrowers need to complete to be approved
- Learn how to minimize risk and increase profits
- What documents need to be completed and executed
Who Should Attend
- Anyone who wants to start a new business in the mortgage industry
- Real estate professionals and mortgage professionals that want to take their knowledge to the next level
- Anyone who wants to learn how private mortgage lending works
- People who want to generate a new source of income
- Anyone who wants to start a new business in mortgages
Target Audiences
- Anyone who wants to start a new business in the mortgage industry
- Real estate professionals and mortgage professionals that want to take their knowledge to the next level
- Anyone who wants to learn how private mortgage lending works
- People who want to generate a new source of income
- Anyone who wants to start a new business in mortgages
Have you ever thought of becoming a private mortgage lender? Are you looking to start a new business or to create a new source of income? Private mortgage lending is one of the most profitable business models in the mortgage industry with the lowest risk when done right. Many people don’t know that as long as a borrower closes their loan in the name of an LLC, you don’t need to have a lender licenseto conduct business in most states in the U.S. Most private mortgage lenders charge 5% – 18% interest rates and have additional upfront fees which makes this is a very lucrative business model. Besides that, private mortgage lenders require borrowers to come in with a minimum down payment of 35% or more which greatly reduces risk and creates other potential profit opportunities. Hi, my name is Joe Correa, and I’m the CEO and founder of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. I’ve closed many private mortgage loans for other lenders and have taught over 30,000 thousand students in 148 countries around the world about mortgages and other financial topics. This is a one of a kind course, you won’t find anywhere else.
The secret to being successful as a private mortgage lender is having the knowledge necessary to increase your profits while reducing your risk by using the strategies I will teach you in this course. Any one can become a private lender but not everyone can do it the right way. In this course, you will learn how to: start and open a new private mortgage lending business, how to set up the loan terms and conditions, what you’re allowed to charge in fees and as an interest rate, Where to access funds to lend if your not going to use your own cash, and how to grow your business. Becoming a private mortgage lender is similar to becoming a hard equity lender but there are some differences which I will explain in this course.
Besides that, you’ll discover what documents need to be completed by the borrower and what closing documents will need to be executed.
Hi, my name is Joe Correa, and I’m the CEO and founder of Finibi Mortgage, a licensed mortgage brokerage business based out of Orlando, Florida. I’ve closed many hard equity and private mortgage loans and have taught thousands of students in 148 countries around the world about mortgages and other financial topics. This course will teach you how you can become a private mortgage lender and profit in any real estate cycle.
GET INSTANT ACCESS TO:
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Lifetime access to this course
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Access to courses resources, tools, and pdf’s
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Practical exercises that will help you implement all you are learning
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Premium instructor support
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Course completion certificate
THIS COURSE INCLUDES:
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Instructor-led explanations and financial examples
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Links with important tools and information you will need
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24 hour access to your instructor via the Udemy Q&A messaging portal
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Lifetime access to this course
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A 30 day money back guarantee
This course will allow you to start a new business as a private mortgage lender using investors money or your own capital.
Don’t wait to get this course for the price of a couple coffees. In the future, this small investment will turn into a new income stream and a full time business.
Click on the “buy now” buttonright now to get started. I’ll see you inside the course!
Course Curriculum
Chapter 1: Introduction to becoming a private lender
Lecture 1: Introduction to the course
Lecture 2: Your instructor
Lecture 3: Can you become a private mortgage lender?
Lecture 4: What is a private mortgage lender?
Lecture 5: Do I need a license to become a private mortgage lender?
Lecture 6: Whats the difference between a private mortgage lender and a hard equity lender?
Lecture 7: Basic terms and conditions of a loan as a private mortgage lender
Chapter 2: Understanding the fundamentals of starting a private lending business
Lecture 1: Basic steps to becoming a private mortgage lender
Lecture 2: Down payment percentage requirements as a private mortgage lender
Lecture 3: Interest rate and fees should you charge on a loan
Lecture 4: Do I need a real estate attorney to conduct business?
Lecture 5: Does a credit report need to be pulled?
Lecture 6: What if I have to foreclose on a mortgage?
Lecture 7: Should the borrower have an exit strategy?
Lecture 8: Mortgage terms you should offer investors
Lecture 9: Where to find the necessary funds to start lending as a private lender
Chapter 3: The risks and rewards of becoming a private mortgage lender
Lecture 1: What are the risks involved in this type of business?
Lecture 2: How can I reduce risk as a private mortgage lender?
Lecture 3: How much can I profit on each loan?
Lecture 4: How much should you charge for the appraisal and inspection
Lecture 5: Does the borrower need homeowners insurance?
Lecture 6: What if the borrower doesn't make their mortgage payments?
Lecture 7: Can I profit from foreclosing on a property as the private mortgage lender?
Lecture 8: Are second mortgages a good idea as an investor?
Chapter 4: Documents you will need to master as a private mortgage lender
Lecture 1: Loan application
Lecture 2: Business purpose of loan certification
Lecture 3: Certification of non owner occupancy
Lecture 4: Important insurance documents
Lecture 5: Sample promisory note
Lecture 6: Sample mortgage instrument overview
Lecture 7: Summary of loan documents to be executed
Chapter 5: Finals words and comments
Lecture 1: Final course comments
Lecture 2: Thank you for taking this course
Instructors
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Joe Correa
Entrepreneur and Technology Innovator
Rating Distribution
- 1 stars: 0 votes
- 2 stars: 0 votes
- 3 stars: 3 votes
- 4 stars: 4 votes
- 5 stars: 14 votes
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