Mortgagee in Possession – 𝗛𝗼𝗺𝗲 𝗟𝗼𝗮𝗻 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝗶𝗲𝘀 – Increase Settlements – 𝗚𝗲𝘁 𝗯𝗲𝘁𝘁𝗲𝗿 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝗳𝗼𝗿 𝗔𝗟𝗟 𝘀𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀 𝘄𝗶𝘁𝗵 𝗔𝗳𝗳𝗼𝗿𝗱𝗔𝘀𝘀𝗶𝘀𝘁
Dear Lender and LMI executives,
Can the use of the 𝗔𝗳𝗳𝗼𝗿𝗱𝗔𝘀𝘀𝗶𝘀𝘁 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 Reduce Risk, improve Home Loan Efficiencies, Mortgagee in Possession (MIP) and 𝗴𝗲𝘁 𝗯𝗲𝘁𝘁𝗲𝗿 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝗳𝗼𝗿 𝗔𝗟𝗟 𝘀𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀?
The answer to this question almost 8-years ago would have been ‘hopefully’ or ‘avant-garde’ due to a yet to be proven process. Today… Yes. Kindly, look into the 𝗔𝗳𝗳𝗼𝗿𝗱𝗔𝘀𝘀𝗶𝘀𝘁 𝗜𝗡𝗧𝗘𝗥𝗘𝗦𝗧 𝗙𝗥𝗘𝗘 𝗱𝗲𝗳𝗲𝗿𝗿𝗲𝗱 𝗱𝗲𝗽𝗼𝘀𝗶𝘁 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 and proven governance process. We welcome your team work. Join our mission, together we can help increase home ownership.
𝗕𝗲𝘁𝘁𝗲𝗿 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻, 𝘀𝗰𝗲𝗻𝗮𝗿𝗶𝗼𝘀 𝗯𝗲𝗹𝗼𝘄:
1. MIP, reduce LMI claims by ‘?%’ (the reason for ‘?’ is AffordAssist has real-life applications but in this scenario, the number is unknown as this would be an Australian – possibly world first. By including within the MIP property for sale process, buy with AffordAssist as an option;
2. Manage potential missed mortgage, overdue payments and or hardship. By extending the AffordAssist payment terms reduces the overall monthly payments; and
3. Increase loan approvals and settlements without the increasing risk. AffordAssist proven governance and core service fundamentals may be likened to 𝗖𝗿𝗲𝗱𝗶𝘁 𝗥𝗶𝘀𝗸 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 (𝗖𝗥𝗧) thus positioning the product and service as a viable home loan deposit solution for a lender and LMI.
AffordAssist ‘adds to’ and ‘fits perfectly’ into the existing lending processes. In our experience it is the AffordAssist framework that enables better outcomes for all stakeholders. The framework includes systems, governance process and coaching, all CRITICAL to the:
• Loan settlement – 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝗖𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗲, confirms adherence to the governance process and is critical to settle the home loan. Forms part of funds to settle; and
• Property settlement – Deferred Deposit Agreement (DDA) to manage the balance of the deposit payments to settle the property and provide stakeholder protection.
𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝘀𝘂𝗺𝗺𝗮𝗿𝘆: AffordAssist has developed one of the most innovative combination home loan and property deposit solutions in decades. INTEREST FREE deferred deposit solution. Secure a home loan with as little as 1% cash. Taps into the equity of willing property sellers. Buy with an initial part-deposit, defer and pay the balance of the deposit typically within 60-months. INTEREST FREE. Buyers get 100% Title Ownership.
Please feel free to make contact to arrange a phone or video call or in person meeting so that I may expand on how the AffordAssist product may help your brand reduce risk, improve home loan efficiencies and increase settlement volumes. Visit website https://affordassist.com/
B2B – AffordAssist provides and manages the governance process. Are you a mortgage broker, lender, developer, an agent, in the affordable housing space or a housing minister? We welcome your team work. Join our mission, together we can help increase home ownership.
Kind regards AA