Stock Loans

The good old days of traditional "easy" financing have disappeared! Are you forced to tell your prospects and clients that it must be a Full Doc mortgage with it's current restrictive underwriting guidelines? Whether you are a mortgage broker or a real estate broker, it's the same problem, how do I get it done?

** NO Income Verification (NOT Disclosed)

** NO Employment Verification (NOT Disclosed)

** NO Credit Report (NOT Required)

As you know, it's difficult for many buyers and borrowers to qualify for a mortgage today. Specifically, "self-employed" borrowers trying to apply for a "stated income" mortgage or a "NO DOC" type of mortgage. And of course, investors trying to buy up foreclosure homes and short sale homes. These are just two examples of borrowers struggling to obtain a mortgage, the "self-employed" borrower and the "investor". Many other examples exist.

These are tempting times for real estate bargain hunters. Many of the self-employed and investors have money tied up in "dwindling stock portfolios", and the best way to "recover" those losses may be to leave the money right where it is. Why sell your stocks, bonds, mutual funds, when we all know that most of will eventually recover? Why sell in a "down" market, when you have an excellent alternative? Why not use the securities value and apply for a NO DOC Stock Loan?

Self-employed borrowers and Investors with stock portfolios are getting the best of both markets. Instead of selling outright, they are retaining their stocks and getting a NO DOC secured stock loans to snap up irresistible real estate bargains. Listed below are just a few of the success stories we hear about, from Mortgage Brokers, Real Estate Brokers, Financial Planners, CPA's, Accountants, and other Professionals.

• Client uses Stock Loan funds for down payment to purchase a home.

• Client uses Stock Loan funds to purchase foreclosures.

• Client does not want to sell their blue chip stock, gets a stock loan at 4% Fixed interest rate.

• Client does not want to pay capital gains tax on sale of stock, gets stock loan.

• Client unable to document income, uses stock loan funds to apply for a stated income loan that requires a large down payment.

• Client has very bad credit and has 401k, uses stock loan funds to apply for a hard money loan that requires a large down payment.

• Client buys a home and agrees to "seller" financing, uses stock loan funds for down payment to seller. A very happy Real Estate Broker.

• Client (self-employed) applies for a NO DOC mortgage that requires a large down payment and uses Stock Loan funds for down payment. A happy mortgage broker has two successful closings and gets paid for both deals.

• Client does NOT want to sell their stocks and knows that eventually the market will recover and increase in value. Uses stock loan funds to pay for daughter's expensive wedding.

• Client buys a business and uses Stock Loan funds as a down payment to apply for commercial financing. A very happy Commercial Real Estate Broker and Commercial Mortgage Broker.

• Client uses Stock Loan funds to pay for large tax bill. IRS and CPA is very happy.

• Client uses Stock Loan funds to pay-off a high interest rate mortgage. Borrower enjoys a low 3.50% fixed interest rate for his Blue Chip stock.

• Client uses Stock Loan funds to purchase a home with no mortgage needed. A very happy Real Estate Broker. Client did NOT want to sell their valuable Exxon securities and remain liquid.

• Client unable to finance the purchase of a Condo Hotel. Uses Stock Loan funds to complete the sale at very low 4.25% Fixed interest rate. A very happy Real Estate Broker.

• Client uses Stock Loan funds (401k) as a down payment to purchase a manufactured home and applies for a FHA mortgage. A very happy Mortgage Broker gets paid for two deals. Yes, Fannie Mae, Freddie, FHA, etc. accept this method of down payment. NO credit report required for Stock Loans means the debt will NOT show. However, verification of deposit (VOD) issue.

• Client (Foreign National) uses Stock Loan funds for large down payment required to apply for mortgage financing. A very happy Mortgage Broker gets TWO deals and a very happy Real Estate broker has a successful closing.

• Client uses Stock Loan funds as a down payment to apply for construction-perm financing.

• Client unable to obtain Condo financing and uses Stock Loan funds as a down payment to secure private financing.

Potential Clients: Unable to verify income, unable to verify assets, self-employed, Foreign Nationals, condo hotels, condo conversions, unique property, bad credit, just to name a few. These type of borrowers are struggling to obtain today's financing with it's very restrictive underwriting guidelines. And of course, all the mortgage programs that have been discontinued and NO longer available.

Stock loans are the lending of funds collateralized by shares of a publicly traded securities that you OWN, domestic or foreign. The borrower enjoys all the benefits and liquidity of the assets without selling the stock. Why sell your stock when we all know that the stock market will eventually recover? The term of the loan is typically three to ten years and the shares are returned upon repayment of the loan.

Non-Recourse Stock Loans: A Stock Loan with NO personal liability. A non-recourse Loan is secured by a form of collateral, your securities. If there is a default, the borrower keeps the loan proceeds and the lender only claims the collateral. Non-recourse Stock loans, Never any effect on your credit record either in default. No hoops to jump through, no heavy paperwork, no fine print. Just your stocks acting as collateral for your loan

Use the cash for any purpose! Anything! Buy a home, buy a business, real estate, investment property, pay-off a mortgage, for any reason

Information about Stock Loans  http://stock-loans.wetpaint.com

A credit report is not required, and NO income or employment verification is done. It's a True NO DOC Loan (NO documentation). You can get your cash in as little as 7 days. It’s a quick and easy process! Just a simple phone call and you’ll receive the terms for your loan quickly.

CALL TODAY - 888-825-6300

The borrower gets to benefit in the event of a market downturn, yet still retain upside potential should the price per share increase during the term of the loan. If the price of the stock significantly decreases, you can walk away from the loan, and if the stock increases, you can pay off the loan and keep the upside.

Increase your borrowing power without selling investments by pledging eligible securities in your portfolio to secure financing to buy a home, refinance, or for any other purpose.

Florida Mortgage Corporation
2420 Enterprise Road
Suite 105
Clearwater, FL 33763
727-791-8800