We’d like to teach you how to recognize a Mortgage Opportunity, with this course Lender Expert — Be The Lender, Canada’s 1st Online Course that teaches you how to be a self-directed mortgage lender.
We are the Partners of The Funding Department - Canada’s National Mortgage Support Desk. Thousands of Mortgage Brokers and individual clients in Canada look to our team for Mortgage Lending Advice. Understanding how to identify a lending opportunity is paramount to having a sound lending portfolio. Making quick decisions in a confident manner will set you apart from other investors. You can bank on learning from professionals here at Canada’s ONLY National Mortgage Broker Support Desk - The Funding Department.
Additionally you will hear from industry professionals such as Leigh Walker of Lawrenson Walker Real Estate Appraisers,
British Columbia's TOP Appraisal Firm. Leigh sits down with us to
provide a lens on the Appraisal Process and how to effectively analyze
an appraisal report. We also hear from BC's TOP Real Estate Lawyer
Tony Spagnuolo of Spagnuolo & Company Real Estate Lawyers.
Tony appears in Chapter 7, The Funding Chapter as he sheds light on the
Legal Registration process from a Lender's lens and the Borrowers side
as they are each represented independently during a private mortgage
registration. This is small sample of what you can expect when enrolling
in our course Lender Expert - Be The Lender.
Over $5,000 in Legal Document Templates are included as downloadable
documents in our resource section as tools for you to use as your own.
There are thousands of individuals across the country who lend out their own personal money in the form of a mortgage. This is called Self-Directed Mortgage Lending.
So What is a Mortgage? and that shouldn't be taken as "silly" question..
It is important to distinguish the difference between the legal and financial aspects of a Mortgage. Legally Speaking a mortgage is not a loan. A mortgage is an interest in land created by a contract, used as security for a loan given by a lender to a borrower. Understanding how to identify a mortgage loan opportunity and how to analyze and effectively fund the mortgage request is broken down step by step throughout this course.
The most common reason someone would seek a mortgage loan is for the purchase of a home. Home prices usually far exceed the amount of money someone could save up in order to buy it with all cash. So instead, a down payment in the form of a small part of the total purchase price is provided by a Buyer, and the rest is borrowed, from a Lender. Normally a Bank or other Institution will provide the Loan and intern, register a mortgage, on the property as security. Some other common reasons a home owner would seek mortgage financing are situations like: Taking out equity to do some renovations, to pay off and consolidate debt such as credit cards, LOC’s or vehicle loans, to put money into investments such as new business ventures or use as down payment on a new home purchase or rental property. Or it could be used for buying out a former spouse off title or another family member. As you complete this course you will also have a strong understanding of the types of borrowers that seek mortgage loans from investors and lenders such as yourself.
list of reasons for a Home Owner to use Home Equity could go on and
we’ll outline a real life example in the FREE chapter down below. We also highlight this same deal scenario during a webinar that we host daily for FREE. If you have not taking part in one of our webinars before find the link below to register
NOW for free.
Immediately, in exchange for loaning out money to a Home Owner, the lender receives a legal interest in the property, as security for the loan. The Lender will also earn interest on their money, as a return on investment over the term of the mortgage, usually being set out at 12 months. Recognizing the loan opportunity to funding the deal and to managing the active loan are a few pillars you will be afforded by the time you have completed this course.
So where does the loan money come from?? Lets dive in, enroll NOW.
Check out Chapter 1 NOW for FREE down in the Curriculum section as it is available to you as a preview.
as we mentioned above we do host a webinar almost every day of the week
where we highlight the entire Lending Process from a High Level. Sign
up for this webinar by clicking on the link here:
If you are already an experienced lender this course may not apply to you. However we encourage you to join us for the above FREE webinar as we would love to get to know you and we promise to shed some light on to our lending process. At the very least you may get to take something away from our process or we may just be able to work together in some fashion and we relish the opportunity to get to know more great lenders.
The Funding Department is a Mortgage Support Desk with an extensive Alternative Lender Network providing Underwriting Service for all Mortgage Brokers designed to assist with challenging mortgage files; maximizing Brokers' income and improving Brokers alternative mortgage file knowledge.
PreviewCh.1: What is Self-Directed Mortgage Lending (12:09)
PreviewGlossary - Be The Lender (4:00)
StartCh.2: The Assessment (59:10)
StartCh.3: Building Your Lending Profile (7:42)
StartCh.4: Managing an Active Mortgage (12:17)
StartCh.5: The Money Chapter (7:59)
StartCh.6: Find the Deal (10:21)
StartCh.7: The Funding Chapter (40:39)
StartCh.8: The End (10:20)
StartBONUS: Deal Continuum (9:38)