New Debt Elimination Plan subscription model brings you more business…

We've added a new subscription model price point to our debt elimination plan pricing. In addition to the enrollment fee model, we have now added in a monthly subscription fee model to allow you to help the client that doesn't have the capacity to pay the enrollment fee up front and would jump in with both feet if they could do it for a low monthly fee.

What this means to you is that you have a new tool for your loan officer marketing and mortgage planner marketing toolkit. You already know that our debt elimination plan, the Financial Compass, can save your client from tens to hundreds of thousands of dollars, help to protect and improve their credit, and lower their dti as they go through the program helping you to more easily qualify them for a new loan later.

As you know the credit card companies have been canceling unused credit cards and lowering the available credit to consumers in an effort to reduce their liability by (I read recently) 2 trillion (wow) dollars. We've been experiencing this ourselves as we've found clients that want to get into our program but didn't have the cash or available credit to cover the enrollment fee. So we went to work on finding a way to help them get in, and had been talking internally about a subscription model for over a year.

What we've come up with is a low monthly fee that many clients will be able to take advantage of and many could end up paying out less for their monthly debt than they did before they entered our plan. The reason it could work out that way is that many of your clients are  already paying an above the minimum payment on one or more of their debts. We find the average client paying out an above the minimum payment on at least one debt is paying an additional $50 to $100 per month. That extra money they are already paying out could cover part or all of the monthly fee depending on the monthly fee you decide on.

We have a small set up fee and give you the ability to charge a higher set up fee and keep the difference, allowing you to make some money up front and then to earn a residual on our program that can last from 7-14 years for a homeowner that enters the program.

We have made it extremely affordable to get your clients into the program and to ensure you earn a long term residual that you can depend on through the feast or famine times that our industry has gone through time and time again.

So if you're looking to enhance your business and build on your existing mortgage planning and loan officer marekting tools, contact us at (admin @ mortgageplannertools.com)