Whole Loan Mortgage

Program Summary
This is not an investment in a pool of mortgages, we offer opportunities to invest directly in whole loans. With such an un-diluted interest in a specific mortgage loan the investor is in control of the investment, you are the bank with all of the rights and privileges relating to lending.

Firstbanc offers conservative double-digit returns as an alternative to volatile stock market investments or low yielding bank investments. Our turnkey mortgage investments yield 10% annually, paid monthly. Our investors earn this return without the headaches associated with independent mortgage investing.

We professionally service these loans at no cost to you. The Borrower pays us each month in the form of additional interest added to their monthly payment. We collect the fees for our services only when a payment is collected, this gives us an additional vested interest in making sure the loan performs according to it’s terms. We prefer it this way. See Loan Servicing.

“Whole Loan” is a term that we use to describe; Whole Loans, deeds of trust and mortgages. These instruments along with a promissory note create a lien for a specified amount of money on a given parcel of real estate. The different terms are used in different parts of the country but all serve basically the same function. We use the term “Whole Loan” to denote a promissory note and the instrument that secures that debt to a piece of property what ever it may be. Our investors are investing in a Whole Loan, a promise to pay along with the appropriate security document that secures that debt to a specified property.

Investors of Whole Loans come from all walks of life; people in retirement who look for high yield fixed income investments, newlyweds who are beginning to save for retirement or to fund future college expenses, ordinary people with one of many types of profit sharing and retirement plans, doctors and others. Whole loans are for anyone looking for a generous, fixed rate of return on his or her investment. In other words, Whole Loan investing is for people like you.

Take this opportunity to minimize your risk by investing in first Whole Loans secured by first trust liens on real estate and make great returns on your money. As an investor with FIRSTBANC, you won’t have to work with borrowers, contractors, real estate agents, sellers, or buyers. Your investment will be secured by a first mortgage (deed of trust) on the property, and the loan-to-value ratio will not exceed 70%. We close every transaction with an attorney or title company, and we provide a title search, title insurance, and property hazard insurance! We will also provide appraisals based on the present value and, when applicable, the future value of the property.