Need Finance? – Nothing new!!!

OK, here’s one for the brokers…. can you come up with a deal for someone like me, who can refer borrowers to you ?? would you share your commission ???

Happens every day. Most of us have standard referrer agreements and tell clients so they know who gets what. The deal is pretty standard but I will not disclose it here.

OK, so have you offerred this to Steve & Co. Obviously I’m assuming that is the difference between just being a broker on this site, and actually being “promoted” by Steve… ?

Well, I have just referred a friend directly to a bank manager we deal with…. He is re-financing 15 loans…. We did not get a commission for this, but we did in turn get a 60% cut in bank fees, and, a lower rate on our following loan……

If you went to a broker, you would have got a huge commission, more choice of product, more likely a cheaper rate for your friend, no bank fees and a lower rate on all the loans.

Try me out… tell us what the manager has offered you, which bank and I bet I can beat it!!! At worst, I can match it. So can all the other decent brokers out there. [biggrin][biggrin][biggrin]

Well, put it this way, because of that one referral, I got a cut in bank fee of $1000 ( it was a commercial loan ). On top of this I got a better interest rate, increasing my proft by an additional $3000 per year…..

So… $ 4000…. pretty good deal if you ask me….

Having said that, sure, I’ll give brokers a try…. as long as they are ok finding me better deals, and, seeing as they can also help me, to refer people to me for potential wraps….

My main point here is to have brokers who think outside the usual… Some of the brokers here do, some don’t….. you obviously do, as you have mentioned you are interested in wraps… maybe you could PM me, and advise what you can do for a wrapper/developer/landlord ????