Quebec City, Canada, April 03, 2007 --(PR.com
)-- Stephan Bourget Realty Inc. has launched a new private mortgage lending program -
to help people from all walks of life get access to higher interest rates secured by real estate. This is a state-of-the-art lending program to help them boost returns on their money or IRA.
Stephan Bourget Realty Inc. buys historic homes in need of repair for pennies on the dollar in. It does a quality renovation and sell the now beautiful home to families on the open market. It borrows money to purchase and renovate these houses from Private Mortgage Lenders: individuals (not banks) just like everyday people. Due to the continued success and expansion of its business, it is looking for additional Private Mortgage Lenders which provides an excellent opportunity for them to greatly increase their returns.
Stephan Bourget Realty Inc. acquires houses by working with home owners who are in some sort of distressed situation and need to sell their home quickly. Quick, efficient access to funds is critical to solving their situation, and obtaining the large price discount. Although banks do offer a lower interest rate, their loan approval process can be long and protracted. The success of Stephan Bourget Realty Inc.'s business is predicated on the ability to move quickly to fund a project. It is, therefore, less expensive to pay a higher interest rate to Private Mortgage Lenders than to miss out on these opportunities.
All loans are secured by a Promissory Note from the company, and a Deed to Secure Debt (mortgage) on the property for which the private lender is making the loan. In addition the company will purchase Title Insurance in the lender's name, and list him as a mortgagee on the hazard insurance policy so that in the unlikely event of a loss, the lender would be paid first by the insurance company.
An interesting point is that making real estate loans is an approved and widely accepted use of IRA and Pension Plans to make them grow rapidly… tax deferred, or even tax free with a Roth IRA.
About Stephan Bourget Realty Inc.
Stephan Bourget Realty Inc. was founded in 2007 by Stephan Bourget, a former e-marketing graduate and author who's also involved in the consulting business, and who's an honored member of the International Executive Guild's Who's Who, the Internet Trade Bureau and the Business Chamber of Commerce. He's also a member of his local Real Estate Investors Association, the CIIQ. His philosophy is to make lending to Stephan Bourget Realty Inc. a safe and passive method of earning a high rate of return.
You can read the company's brochure at http://www.ipurchaseyourhouse.com/privatelenders.html or order a print version at http://www.lulu.com/content/720180.