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!

Cline Collision`s leading 5 pointers for selecting the best auto body store are straightforward: research,area,persistance,comparison,as well as impulse. We know that appears obscure,so we`ll explain in more information listed below.

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How To Find A Collision Center

1) Study

After a crash,it`s appealing to simply go with the first automobile body store that your insurance coverage supplier advises. Nevertheless,it`s important to remember that in spite of the spin they provide,an insurance company can not stop you from mosting likely to a store of your own finding. Do some research study prior to making a decision. Check out evaluations,listen to word of mouth,as well as ask people you count on that they would certainly advise.

2) Place

Go local! It`s highly likely that there`s a competent independent crash repair center near to you. Run an online search and also see what shows up. Look for car body stores that are OEM Qualified for your make of automobile and that have excellent customer satisfaction scores. Extremely commonly,these stores go above and beyond to keep their qualification and also can return your lorry to you comparable to brand-new.

3) Diligence

Never be afraid to ask questions. Your crash fixing technicians are there to give you with the answers,and also good professionals will not shut down when you press them for details. It`s likewise a good idea to discover a repair shop that can manage your insurance policy documents for you,pre-approving expenses with your carrier before making a fixing. A service facility with OEM Accreditation is an excellent choice for top quality job from qualified personnel.

4) Contrast

Wanting to discover affordable costs as well as good solution isn`t being fussy,it`s being a wise buyer. Make a checklist of a couple of car body shops you have an interest in as well as call about. Get multiple estimates,and if you have time,check out the store to see exactly how they function. When you find one that does the high quality of job you anticipate and also has rates you can approve,you can make an educated decision.

5) Impulse

When unsure,always listen to your digestive tract. If you ever before notice somebody`s not being straight with you,listen to that voice in your head and refer to tip number 3. Getting a great ambiance from the group working on your car is very important.

These are our top 5 suggestions for locating the ideal vehicle body purchase you,but don`t wait to take into consideration various other factors,also. Affordable price might be necessary,however think about the quality of the job. Insurance policy carriers might press you to select one of their “”chosen”” shops,but see to it you choose someone you fit with. Have concerns? No worry. Cline Crash is right here to aid!”

For Shopify store owners, ecommerce accounting can quickly become overwhelming as sales grow. Between tracking orders, managing inventory, and reconciling payouts, the manual workload often becomes unsustainable. Integrating Shopify with QuickBooks Desktop is an effective way to automate financial processes, reduce errors, and gain better control over your business.

Why Integrate Shopify with QuickBooks Desktop?

Shopify-QuickBooks Desktop integration provides several critical benefits:

1. Automated Transaction Import: Automatically sync Shopify sales, refunds, and fees to QuickBooks, eliminating the need for manual data entry.
2. Improved Accuracy: Reduce human error by automating transaction categorization and ensuring accurate record-keeping.
3. Effortless Reconciliation: Match Shopify payouts to bank deposits and reconcile accounts quickly.
4. Enhanced Reporting: Access detailed financial reports to monitor profit, track expenses, and forecast revenue trends.
5. Time Savings: Automating bookkeeping allows store owners to focus on growing their business instead of getting bogged down in numbers.

Steps to Set Up Shopify and QuickBooks Desktop Integration

1. Choose the Right Tool: Popular apps like Webgility, Bold Commerce, and QuickBooks Desktop Sync help connect Shopify and QuickBooks seamlessly.
2. Link Your Accounts: Install and authorize the integration tool to connect your Shopify store to QuickBooks Desktop.
3. Configure Settings: Map product categories, taxes, discounts, and shipping fees to appropriate QuickBooks accounts.
4. Automate Syncing: Schedule regular syncing to keep financial records updated automatically.

Features to Look For in an Integration Tool

• Inventory Management: Automatically update stock levels as orders are placed, ensuring you never oversell.
• Multi-Store Support: Manage financials for multiple Shopify stores in one QuickBooks file.
• Tax Tracking: Streamline sales tax compliance by syncing regional tax data from Shopify.
• Refund Handling: Ensure refunds and returns are recorded accurately in QuickBooks.

Best Practices for Using Shopify and QuickBooks Desktop Integration

• Start with a Test Run: Before syncing all data, run a test batch to confirm transactions are categorized correctly.
• Reconcile Weekly: Regularly match Shopify payouts with your bank account to identify and resolve discrepancies quickly.
• Stay Updated: Ensure both Shopify and QuickBooks Desktop are using the latest software versions to avoid compatibility issues.

Who Should Use This Integration?

This integration is perfect for Shopify sellers using QuickBooks Desktop who want to scale their business while maintaining accurate, efficient bookkeeping. Whether you’re managing a single store or multiple Shopify accounts, the automation reduces workload and enhances financial clarity

Integrating Shopify with QuickBooks Desktop is a powerful way to simplify accounting and optimize financial processes. By automating tasks like transaction syncing and inventory tracking, you’ll save time, minimize errors, and gain actionable insights to drive business growth. This integration isn’t just a convenience—it’s an essential tool for success in the competitive e-commerce space.