Frequently Asked Questions (FAQ)
Q. What is a “private mortgage”?
A. Simply put, a private mortgage is a mortgage that is granted to a borrower with private money, as opposed to a conventional mortgage that is funded through banks or lending companies. Here at Private Mortgage USA, we use our own private funds, as well as those of private investors to purchase mortgage notes. By doing so, we can be much more flexible in our lending terms and can stand by our motto, “No Bank Qualifying!”.
Q. Why would home sellers be interested in promoting the Private Mortgage USA system?
A. In a nutshell, MORE BUYERS and FULL PRICE OFFERS! With our program, the sellers will get tons of buyer calls and they’ll receive more full price offers than they can shake a stick at! This is facilitated through our “silver bullet” approach to advertising using powerful keywords that buyers can’t resist. By offering, “seller financing”, potential buyers will be coming out of the woodwork. This is particularly important in the real estate climate we’re experiencing now. Under current market conditions in “traditional” real estate transactions, there are more sellers than buyers. Our system makes our sellers’ homes STAND OUT FROM THE CROWD and they can command full price offers by offering financing options to buyers that otherwise wouldn’t be approved for a home loan. This opens up the potential number of buyers exponentially and will bring in FULL PRICE OFFERS and, in some cases, buyers in a BIDDING WAR to “win” the house at a price that is above the asking price. Sellers would be crazy to turn down the opportunity of getting tons of buyers and full price offers (or higher). What’s even more enticing is that sellers can try our program as a free trial with no obligation. What do they have to lose? Nothing.
Q. Is it difficult to get started or to succeed in this business?
A. This is one of the most beautiful things about our program…it’s so easy that all you have to do is talk to people and enlighten sellers! What could be simpler than that? We have done all of the heavy lifting to bring you a truly turnkey system that will have you up and running your own home based business in no time flat. All you have to do is talk to FSBO sellers and get them to sign up for our program and you are on your way to making money. Private Mortgage USA is the easy way you can make thousands per week in the real estate business, working from home and setting your own hours!
You can be out the door and on your way to making your first referral fee the very same day. It really is that EASY!
Q. How much money can I make promoting Private Mortgage USA?
A. Simply put, we pay you $600.00 per $100,000 financed on each of your referral properties once the deal is done. So, if the financed amount is $200,000 you’ll make $1,200.00, if the financed amount is $300,000 you’ll make $1,800.00 and so on, and so on. If you refer one deal a week you can make over $62,000.00 per year (based on a $200,000 closed financed deal per referral). If you refer one deal a day, you can make well into the SIX FIGURES!!! The “sky is the limit” when it comes to success promoting Private Mortgage USA. Isn’t it time you started making yourself rich, instead of your boss?
Q. Is this a scam?
A. No, Private Mortgage USA is a legitimate home based business opportunity based on the private note funding industry. We have found that the best way to “get the word out” to for sale by owner (FSBO) sellers is enlist the help of people like you to spread the news that they have this option available when selling their homes FSBO and pay you handsomely for your efforts in the process. As a promoter of our program, you are in the unique position to do business in real estate without having to obtain costly licenses or take big risks by putting your own money into investment homes. The Private Mortgage USA system is a turnkey home based business that allows you to get started TODAY so that you can be your own boss and secure your financial future right away.
Q. How often do you pay referral commissions?
A. We pay referral commissions on closed deals on the 1st and the 15th of each month.
Q. Do I have to buy a lot of inventory to use the system?
A. NO! This is another great aspect of the Private Mortgage USA system. Unlike most other home based business opportunities, our system doesn’t require you to invest in expensive machines or rent space to store extra inventory. Aside from some simple yard signs and brochures, the Private Mortgage USA program doesn’t require you to buy or store anything else in order to be a tremendous success. You’ll be well on your way to financial freedom without the burden or stress of all that equipment and inventory you’ll find required with most other home based businesses.
Q. Is this some type of “loan sharking”?
A. Absolutely not! Loan sharks are people that illegally loan money at extremely high rates of interest and typically blackmail or threaten violence on the borrowers to entice them to pay back their loans. In contrast, private note funding and private mortgages are completely legal. While true that private note funding involves higher rates of interest than could be obtained by most conventional financing sources, we pride ourselves on offering fair financing options to people that cannot or choose not to be funded by traditional lending sources such as banks or lending companies. We are 100% legitimate and we garner a lot of satisfaction from being in a business where we can help both sellers’ and buyers’ dreams come true.
Q. Do I need experience in real estate in order to be successful with Private Mortgages USA?
A. No, you don’t need any experience at all in the real estate industry! This is yet another great aspect of the Private Mortgage USA program. All you have to have is the DESIRE to be successful and implement the steps we provide you with in the training manual and you’re well on your way to earning thousands of dollars in commissions, all while being your own boss and setting your own hours. We take care of all the details of each transaction, so all you have to do is get FSBO sellers to sign up for the program. We can’t think of an easier way to make ENORMOUS SUMS OF MONEY than with the Private Mortgage USA system!
Q. Do I have to get a real estate license or become a mortgage broker to be a promoter of the Private Mortgage USA system?
A. No, with our program you are not selling real estate and you are not brokering mortgages, so you don’t need to take any complicated classes or sit for any time consuming, expensive licenses. Our easy approach allows you to network and build up your referral base of sellers, all without licenses or courses. You don’t need to know the first thing about interest rates or home sales to KICK BUTT with our program and MAKE TONS OF MONEY. In fact, you’ll laugh to yourself when you think of the real estate agents out there wasting their time showing homes and negotiating contracts while you’re sitting by the pool, counting your easy money that you’ve made in referral commissions, just by signing up sellers to use our Private Mortgage USA program to sell their home for top dollar, quickly and without costly negotiating.
Q. Aside from my own referrals, is there any other way for me to make money with Private Mortgages USA?
A. Absolutely! In addition to “tonning it” by building up your referral base of FSBO sellers, you can also recruit your own sales force to make more money. This will benefit you in two ways. First, you will receive a $100 bonus for each person that you sign up as a new promoter of the Private Mortgage USA Program*. This can get you money right away while you’re waiting for your first referral commission to come in. Second, on each closed financed deal that your promoters** bring in, you will receive a whopping 20% COMMISSION OVERRIDE!!! This feature alone can bring you in wads of extra cash that you didn’t have to lift a finger to earn! You can rest in your hammock on a tropical island in the South Pacific while you earn commission overrides on all of the promoters you personally recruit. This gives you the best of both worlds – the ability to earn commissions from your own sellers’ deals AND earn big bucks on commissions for deals in which you’ve never met the sellers. How cool is that?!
* In order to receive the $100 referral fee for a new promoter, the new promoter must use your ID # when signing up with us and they must purchase our training manual.
** Your promoters means people recruited personally by you. This is not multi-level marketing, it is a 2 tier marketing program, meaning that you do not earn money on anyone recruited by your recruits. Any promoters from each promoter you recruit are not in your line, they are in your promoter’s line, so those overrides are only paid to your promoter, not you.
