| Seeking Investor, Private lender, etc |
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Louie
First Time Poster
Cash: $ 0.00
Posts: 1
Joined: 21 Jul 2004
Location: USA
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| Seeking Investor, Private lender, etc |
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I have Bad Credit
A. I have the opportunity of operating a Mortgage loan origination business from my
home.
B. I wish to purchase a Prius Car (Finance Half the cost +/- $10k)
C. Reminder to start and train in becoming a Mortgage Originator.
D. Example: Commssion from a $200,000 mortgage is about $+/- 1,300
(One Mortgage a month)
My proposel is :
Loan
Amount $25,000
Term 5 Yrs.
Purpose: Become Home Mortgage broker
Offering % of commission PER MO.
Use of funds:
Car Prius $10K Down
Lap Top $ 3k
Computer $ 2.5k
Business $ 9.5k
1. Loan amount for $25,000 Term 60 Or Less
2. In lieu of interest will pay
(Agrred on by both parties a % of my commssion per month)
3. Till the end of the term or untill the full amount to be paid off in full
4. If paid off in 6 Months, lender to recive a Full year
Example: Commssion % Payment Profit
1300 x 5% $ 65 $ 1235 +/- One transaction (1)
2600 x 5% $ 130 $ 2470 Two (2)
5400 x 5% $ 195 $ 5205 Three (3)
Plus $416.67 Per Mo Towards the principal
Profit Principal Payment Net Profit
$ 1235 - 416.67 = $ 818.33
$ 2470 - 416.67 = $ 2428.33
$ 5205 - 416.67 = $ 4788.33
Auto Loan Payment $198 +/-
Lender can hold Title to Automobile till Loan amount is paid in Full.
luisgtorres@paris.com
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Wed Jul 21, 2004 4:52 pm |
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