FINANCIAL
LENDERS
NetLogis
registered Lenders
Referral Network
Thank you
for assisting your Mortgage Broker, Realtor, Escrow & Title Co.,
Seller and homebuyer with a NetLogis Caritas Program mortgage loan.
The NetLogis
Caritas Program was specifically tailored to benefit the Lender. Grants
for future homeowners have been available since 1984, but only a small
percentage of the population utilizes grants as down payment to purchase
a house. Nonetheless, over 300,000 homebuyers in Canada and the US have
benefited from down payment assistance programs!
The lending
industry is competitive and mortgage bankers are constantly searching
for any advantage.
Increase
Your Business, Help Your Realtors and Builders Sell More Homes, and
Turn Your Cash Poor Borrowers Into Homeowners With NETLOGIS CARITAS.
The NetLogis
Caritas Housing Grant Program will help you create and close more transactions
than ever before. NetLogis Caritas, through N.A.C.O. - the National
Alliance of Charity Organizations, Inc. (in French: Alliance Nationale
des Organismes de Charité – A.N.O.C.), a federally approved
(in Canada and the US) 501 (c) (3) nonprofit, charitable public foundation
that complies with HUD guidelines as outlined in the HUD Handbook section
4155.1, REV-4, Section 2-10 for FHA insured loans and the HUD Mortgage
letter 00-08. Through this program, you can originate mortgage loans
for your clients as they have the money they need for a down payment
and closing costs—money they don't have to repay or qualify for.
Buyers are eligible for this cash at closing, as long as they qualify
under your guidelines, usually a GDS – Gross Debt Service of 30%
maximum and a TDS – Total Debt Service of 40% maximum.
The most
obvious way for a lender to increase her/his business potential would
be to lessen the number of competing lenders, an unlikely scenario.
The next best solution for a lender would be to find a way to increase
the number of potential clients. The only way to increase the number
of potential buyers is to increase the number of eligible buyers. Imagine
the dramatic increase in eligible buyers if future homeowners were not
burdened with having to provide the down payment. Imagine every individual
with a good job and decent credit being eligible to receive a down payment
grant; then imagine being a lender who has the power to offer the down
payment assistance program, and to originate the loans.
Lenders
across the country are discovering the benefits of using the NetLogis
Caritas program with their prospective buyers. How many times have you
had a buyer who was willing to purchase a home, had a good payment history
on their rental, but didn’t have the down payment or closing costs
necessary to secure financing on a property? If you’re like many
Lenders, you’ve faced this problem more times than you’d
like to count. Add up all of those lost interest payments on missed
transactions and you’ll see how NetLogis Caritas can help you,
and your buyers. In addition, NetLogis Caritas makes a contribution
on behalf of the real estate team to a local charity every time you
use their program.
The NetLogis
Caritas Program is the preeminent homebuyers program in Canada and the
US. The program's primary objective was conceived in order to provide
individuals and families the opportunity to own their own homes and
build financial equity. As renters, families are forced to pay hundreds
of dollars out every month; opposed to building wealth through the benefits
of home ownership. Lenders now possess the rare circumstance of being
able to give thousands of additional Canadians and Americans the ability
to own.
Earn Huge
Referral Fees While Offering a FREE Housing Down Payment Grant and the
NetLogis Caritas Referral Network. NetLogis
Caritas Referral Network
HOME BUYERS
Free
Gift Money -
Up to 50% Down Payment Grant that you
Never need to repay
HOME
SELLERS and BUILDERS
Sell
Your Property for FULL
PRICE in Only 2-4 Weeks to Pre-Qualified Buyers
REAL
ESTATE AGENTS
NetLogis
registered Lenders
Referral Network
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Read
Books on Mortgage or Books
on Financing