Can Mortg Brokers get Commission / Fees...?
...for referring potential home buyers to real estate investors?
We do owner financing and lease purchase deals in Georgia. We'd be happy to pay a referral fee to a mortg broker who can refer us a buyer for a balloon owner financing or lease purchase candidate. We do not ask for qualified buyers, just those who do not qualify for a loan. We'd finance them for a short time until they fix credit and refer back to you when they do.
So you win here twice - get a referral fee and commission when you get them a loan.
let me know if this is something you as a mortg brokers can or would like to do.
thanks
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