FAQ's |
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How much does it cost? NOTHING.. it is totally free, and Scenario Central does not charge any fee's for assessing the deal or matching it with a lender. If we are successful in getting your deal funded, we will come to an arrangement with you on a fee split, which would then be paid at settlement.
What type of loan scenarios can I lodge? Any type of coded or non-coded loan scenario. Typically most private lenders fund caveat loans, and 1st and 2nd mortgages, etc. They also fund long term 1st mortgages, as well as development funding. Who will take the next step once I log a scenario? When you log a scenario, we immediately assess it and make contact with the most suitable private lender/s on the Scenario Central panel. If one or more of those lenders are interested in your scenario, we will get all the info on rates, etc, and pass the info straight onto you. Some scenario's may generate a lot of interest, and some may not generate any, however for 2 minutes work, it is not a high price to pay. Plus you will be notified either way. However we naturally strive to get as many deals settled as possible. How secure is it? When you log a scenario, it will be see only by our accredited private lenders. In addition, the electronic submission form only asks basic questions which are enough to enable a lender to decide if he or she is interested in the deal or not. If a lender is interested in funding your submission, that lender will contact us and advise in a timely manner. Its usually the same day. How do I get paid? Once we know that we have got funding organised, our team will work with you to discuss a fee split, and then we will get a mandate signed by the client. As every scenario that we handle is every different from the next, and as each lender has different structures on commissions and brokerages, so we simply negotiate the proposed fee with the lender on a 'deal by deal basis'. When the loan settles, we pay you the fee that has been agree upon. Don't waste another minute....... |