I have come across many note sellers that ignore the advice of being prepared. Properly structuring a note for resale can be the difference between selling the note fast and with little friction as opposed to selling yourself short or worse,not selling the note at all. In order to properly structure a mortgage note for resale is as follows:

1) Get the biggest down payment possible. 25% is the Note Buyer’s ideal amount in a perfect world although,you can definitely get away with 15% – 20% if need be. Anything under 15% equity becomes very risky for a Note Investor. In the case of a down payment under 14% equity,you will have a very tough time getting a high bid on that note. Anything under 10% down,will unlikely sell at all.  -!

2) Make sure you (the seller),pull credit on the potential borrower. 600 FICO score – 700 FICO score would be ideal. Remember; the worse the credit score is,the bigger the down payment you should require! Make sure you keep a copy of the credit report so you may present to the mortgage note investor underwriting the transaction. As far as credit scores,650 or higher is considered great to excellent credit. 610-649 is good,609-590 is fair 589-500 is poor and below 500 – don’t even bother. Also try to gather D.T.I. or Debt to Income information from the borrower as well. How much money she/he has coming in per month verses what dollar amount is going out per month. A standard credit report will show you what the borrowers monthly bills are. All you need to do after that is get an accurate dollar amount of what the borrower truly makes after taxes. This way there will be no surprises for you or the Note Investor and this will insure you the highest bids out there! 45% is the max D.T.I. ratio you should allow. This means,if the borrower’s income is $5,000.00 per month,45% DTI ratio would be $2,250.00 (5,000 x 0.45 = 2,250.00) in debt per month. The borrower only owes 45% of what they make to monthly debt.  -!

3) It helps tremendously if the seller orders and completes an appraisal before submitting the note to a Note Buyer. The reason being,presenting an exact legal appraisal to a Note Investor allows for a more accurate bid,thus a hassle free transaction. This way when the note is underwritten,there will be no surprises on the collateral property whatsoever. This step is not necessary although,by doing this your are drastically increasing your chances of a very smooth note sale.

4) Include a high interest rate with the shortest term possible. Meaning,be sure that your borrower can afford the payments at the shortest term she/he can legitimately agree to.

5) Try to keep the loan under a 10-15 year payback date. Anything over 12 years usually takes a much steeper discount then say a 10 balloon. The Note Investor generally likes to be out of an investment in 5-10 years. Ideally,if your borrower situation permits,5-10 is the first choice. 

6) Include a prepayment penalty based on your states regulations and laws.  -!

Please keep in mind; the above information is just a guide. If you have any legal questions about mortgage origination laws in your state,please consult a licensed mortgage broker/banker (in your state) or an attorney. Always be prepared!

Knowing this info before hand is the difference between a smooth transaction and a complete nightmare! Good Luck!

How do you create labels for printing on vinyl?

If you’re new to the vinyl decal business, you’ll probably be wondering “how can you create labels for printers?” It’s likely to be very simple. If your business is only beginning,you might also be asking: “How do I get vinyl decals printed?” or “How do I manage my copiers?”

There are two types of copier. The first one is a laser copier. Laser copiers use an intense beam of light to cut vinyl. The copiers can print large quantities of vinyl at high resolution by using an ordinary electric current.

Print decals with regular printers?

Because they utilize an ink pad for printing vinyl, they are sometimes described as “copier equipped with inkjet“. The ink is specifically designed for the job at hand . It’s actually a “white” ink. The copiers are expensive,and they are not a good choice for small volume jobs – even if you employ an “emulsion method“ in which all debris and dirt is eliminated from the image before being transferred onto the vinyl. The emulsion process often causes the smudging. For smaller tasks,laser copiers are more effective.

The vinyl cutting copier is the second kind. https://platongraphics.com/social-distancing-stickers Although they’re not as widespreadas laser copiers,the vinyl cutting copiers are used for larger vinyl decal jobs such as logos and posters. Vinyl is utilized to cut out the images with vinyl cutting copiers. These copiers are powered either by the normal power of the copier or by batteries.

What do you need to make stickers made of vinyl?

The third kind of machine that you could think about when you ask yourself “How can you create printing vinyl labels?” The dot matrix machines are the most effective. They use specialized software to manipulate the vinyl, instead of using a roll of similar vinyl. Software scans your original design and then alters it so that it resembles the stickers you have in mind. In other words the printers cut stickers digitally,they’re not real cutting machines made of plastic.

However,this doesn’t necessarily mean that they are incapable to cut vinyl. On the contrary,they employ specific software to cut what you need, and they do not alter the original design. They are also known as “digital cutters”. Because they don’t require actual heating to cut the paper,they’re more efficient than traditional printers.

How can you print high-quality stickers in the bulk?

Now we are aware of the various kinds of equipment that can be used in making labels for printers It is time to answer the next question. How can you make prints from vinyl? You’ll need the image that you made by using a digital cutting machine. Also,bring along the ink cartridge. After you have brought the file along with the cartridge to the office, your graphic designer will be happy to get started on your design and show you how to create your vinyl stickers. Your graphic designer may also recommend how to make your vinyl stickers.

So,now you can see the process of making vinyl decals yourself. All you require is a graphics program as well as the laser cutting machine to make your own stickers. With a little amount of practicing,you’ll be able to create personalized stickers that are guaranteed to be a hit with your customers. Best of luck and congrats,you are about to learn how to make printable vinyl stickers!

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