EquityMax, Inc.

We lend money to real estate investors of distressed and non-conforming properties at 85 to 95% of purchase price, not to exceed 65% of the ARV (after repaired value). LTVs on vacant land and specialty commercial properties may vary from these guidelines.

The borrower needs to have some cash exposure (That means he/she needs to put some money into the deal and assume some financial risk.). The amount of the exposure will be a function of the purchase price, amount of repairs necessary, and the borrower's credit.

Our rates are from 15%. We are committed to creditworthy customers to be competitive on our rates. There are rarely any pre-payment penalties. The loan is a one-year term, with an automatic extension option for the second year at a small fee. Our mortgages are generally interest only.

We compete on service! There is always someone who will cut our rate and points. But can that lender perform in time, all of the time? We can close within 48 hrs. of clear title after we have made the first loan in your state. Clear title can usually be obtained within a week to 10 days if there are no liens or other unusual issues. We allow you to choose the closing agent, so the speed of the closing is really in your hands. If your loan is the first mortgage for us in your state it may take two weeks, since we will need to get an attorney to prepare our mortgage documents for that state (You may even be able to recommend a good real estate attorney to perform this task for us!). Each loan thereafter will close much faster, closing in a matter of a few days from title commitment and BPO (explained below).

First-time preparation of our mortgage for your state should be somewhat routine. We already have mortgage documents in use in multiple states at present. Once an attorney is selected in your state, we can email our mortgage documents for the state we have docs established in most similar to yours. The attorney selected in your state can then basically convert them to a your-state-compliant version. If yours is one of the states we do not yet have a compliant mortgage for, we usually charge our initial borrower in that state for this in advance, and credit the borrower back against his closing costs on their first loan with us. Once we have this mortgage form set up, the fee and any delay caused by this initial preparation will not be repeated for this or any other borrower.

We don't compete with banks lending at low rates. This is not the same product as we offer. We are more expensive, to be sure. But we close quickly, hassle-free, no qualifying, and on distressed-condition properties.

We are somewhat credit score driven. We check credit the first time only but do not require employment or income verification, nor any other qualifying.

We will split the points with you 50-50, providing EquityMax earns a minimum of 3 points on the deal. For example, if you book a loan earning 6 points, we split. But if you can only get 5 points, we would want a minimum of 3, and your office would earn the balance. So, the more points, the more revenue for everyone. Do not be embarrassed about charging points. Make no mistake about it. This is the high-risk lending business, and your borrowers know it.

Our fees are about $700-$800, inclusive of attorney's mortgage document preparation and miscellaneous lender fees. Whatever other fees your borrowers pay for, items such as title insurance, any official fees, and other closing costs, will be based on the purchase/sale contract your borrower signs and what has been or can be negotiated with the parties to the contract, Realtors, and/or chosen closing agent.

We will leave it up to you as our rep to ensure that we are all in compliance with state licensing requirements and usury limits, if any, in your state.

We generally do not require a survey or appraisal on 1-4 unit residential properties. However, we do need to verify the property values you represent to us. We do this by employing a local Realtor in your market to perform a simple BPO for us, usually at a cost to the borrower of $150.00. After the first loan, the fee can usually be paid out of borrower proceeds at closing.

Once we are in receipt of the Realtor's BPO (which we should get within a few days of your initial loan request), it really takes no more than 48 hours (mentioned above) from receipt by our attorney of a clear title commitment, proof of adequate hazard insurance, and instructions where to wire the funds from your title agent in order for the loan to close.

We can be creative to some degree and are always willing to negotiate. There are always exceptions within reason. This certainly becomes easier with a borrower once a track record is built with us.

Until we arrange otherwise there is no exclusive. We are soliciting all brokers and reps. However, any borrowers you consummate a transaction with will remain yours, providing you remain active in globally promoting our business, and providing there are no mitigating factors present why the borrower should not remain yours.

To get a loan application started, either call us, fax us, or return to our Home page and click on the Mortgage Broker-friendly "Apply Online" button, or, click on the moving icon entitled "To Apply for a Mortgage Loan, Click here", and advise us the address of the subject property, property folio or ID no. if available, the purchase price, and any other information you have, pursuant to what our application requests. We will usually be able to quote you a proposed loan amount over the phone or via a very prompt return email, subject to the additional conditions mentioned previously. If you are contacting us from or concerning a property outside of the South Florida area, please send, or inquire if we require you to send, $150 for a Realtor BPO. If this is your borrower's first loan application with us, then please fax us a copy of the borrower's credit report as well, or ask us to run the report within the "Apply Online" submission form.

If you are interested in representing EquityMax in a loan/mortgage brokerage capacity in your trade area, and are knowledgeable of your states licensing and usury laws as they pertain to mortgage loans to real estate investors, please complete the following application. There is no obligation, and all inquiries remain completely confidential.

Click Here for Mortgage Broker Application Form