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CASH-BACK PROGRAMS If you have not entered into an agreement with a Realtor or a home builder to purchase, we can pay all or a portion of your loan closing cost. We do this by referring you to a Realtor or a builder who will pay for our referral, not you. That is $2,000 on a $200,000 loan! As an alternative to paying your closing cost, we can buy down your rate. Typically, this amounts to a 1/4% reduction in your interest rate, and will save thousands of dollars in interest charges over the life of the loan. REALTOR REFERRAL PROGRAM We work with a network of Realtors to whom we refer buyers, and for this referral we are paid a fee by the Realtor. This fee-splitting with the Realtor enables us to fund our Cash-Back Program for buyers by foregoing a portion of our Yield Spread Premium. For Realtors holding a Mortgage Brokers license we pay a referral fee for sending buyers to us for financiing, and that Realtor receives future fees on any referral that we refinance. That's right, not only can a Realtor increase transaction income by earning Mortgage Brokerage fees, there is potential for future income after the purchase closes. How about this? A Realtor/Mortgage Broker in our program can receive a fee on a transaction that did not close. In this instance a Realtor refers a customer to us for loan pre-qualification, the customer buys from another Realtor but stays with us for the loan. The Realtor earns a fee on the loan ... current income, found money!