DID YOU KNOW HomeSec Business Finance is happy to load our Interest Trails 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 brokers 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?
Monthly Payments: The Trail is paid to you when monthly interest payments are made.
Capitalised Interest: 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.
Want To Get More Information ?
Our friendly team of Homesec Business Finance experts are waiting to speak with you.