Learn about Interest Trails from HomeSec
and scroll down to learn tips from our star broker who holds the record for receiving a $97,000 Trail.
DID YOU KNOW HomeSec Business Finance is happy to load an Interest Trail for you on future loans that we fund for you? This creates a very lucrative way for you to earn more from every loan we fund. You can still charge your usual brokerage of up to 4%, and now you have the option of also adding a Trail.
HOW DOES IT WORK
Interest Trails are optional and are completely at the brokers discretion.
You can add a trail up to 25% of the interest rate that we are funding the loan at. So, if we were funding a loan at 2% per month, you could add a trail of 0.5% per month. This will make the interest rate 2.5% per month.
If the interest rate were 3.95% per month, you could add of trail of 0.99% per month, this means the interest rate would then become 4.94%pm.
Remember, unlike Home Loan trails, our Trails are calculated MONTHLY!
WHEN DO YOU GET PAID THE TRAIL?
If the client is making Monthly Payments: The Trail is paid to you when monthly interest payments are made.
If the Interest is Capitalised: If the trail has been applied to a Bridging Loan where the interest is capitalised for the term of the loan, you are paid your trail when the loan is repaid. So, if it was a 4 month loan, you would get paid 4 months of Trail.
WHAT IF THE CLIENT EXTENDS THE LOAN TERM?
If the loan is extending you still get paid your trail each month when the client pays the months interest to extend.
WHAT HAPPENS IF THE LOAN GOES INTO DEFAULT?
This is the only time where your trail is revoked. Should a loan go into default, the Trail on that loan is unfortunately forfeited.
We work hard to keep our loans out of default, but occasionally a client will simply go rogue on us. This means that we must start the expensive and risky exercise to recover our funds. Hence why Trail is forfeited.
The good news is there are NO CLAWBACKS here this means any trail already physically paid to you is yours to keep, even if the loan goes into default at a later date.
HOW DO I GET TRAIL APPLIED TO FUTURE LOANS?
EASY! Just tell our team that you want to apply a trail each time you lodge an application, and they will build it into the loan for you.
TRAILS CAN MAKE BROKERS AN EXTRA +$150,000 PER YEAR OF PASSIVE INCOME.
For More Info, call our HomeSec BDMs today on 03 9017 6611.
Learn How It's Done
One of our most successful brokers received ninety seven thousand dollars in trail, when his client repaid their 6 month loan in full. This is in addition to the Brokerage Fee he was paid when the loan was first funded.
“Despite HomeSec offering brokers the option to load a monthly trail, not many take it up. We think this will now change” – Joint CEO Paul Stone
This broker has been getting his short term 1st and 2nd Mortgages funded with HomeSec for over a decade, and he does the same thing with every client. His clients are all professionals and need urgent, hassle-free short term money for a variety of reasons.
The broker provides a rolled gold service, and he is able to sell his service at a premium.
What is most notable is in 10+ years, not a single one of his clients have ever gone into default.
When asked how he can sell the higher interest rate, his response is simple.
He says “I only provide my clients with the best service. Just like a First Class seat on a plane, my First Class service comes at a premium. My clients are all busy people, and they just want the job done quickly and with minimal fuss. That’s what I devote my time to providing.”
When asked if he is ever under pressure to chase a better rate, he responded, “My clients are results-driven. Time is money and they want an urgent financial solution. They know it’s only for a short term, so they don’t really mind, just as long as they know the lender can deliver. That’s also why I only use HomeSec for these urgent business loans.”
To Learn More about Trails, contact your HomeSec BDM right away. Call 03 9017 6611 or call your BDM direct.
Or if you have a loan ready to lodge right now, click below and talk to our team about trails.
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