Do you have clients with unsecured debts?

Do you have deals that aren’t servicing?
Refer your ‘dead’ deals to ChapterTwo to see whether we can bring them back to life.

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What is a Debt Negotiation Refinance?

A debt negotiation refinance by definition is when unsecured debts are settled at a reduced amount with an upfront payment through the refinance of our client’s property. For Example:

What is a Debt Negotiation Refinance?

A debt negotiation refinance by definition is when unsecured debts are settled at a reduced amount with an upfront payment through the refinance of our client’s property. For Example:

Example

Client has a $600,000 property
Mortgage is $450,000
Current Debts: $80,000

If the broker was to try to refinance all of the unsecured debts the new LVR would be 88.33% which most lenders would not accept due to high levels of unsecured debts.

Solution

Chapter Two works with specialist lenders to obtain a pre-approval for the refinance on the basis the unsecured debts are settled, and the new loan amount is at 80% LVR.
Chapter Two will negotiate with the client’s creditors to achieve these settlement figures through our highly skilled negotiation team.

On $80,000 of debt we will need to settle at 37.5c in the dollar which leaves $30,000 to be rolled into the new loan

The New Loan

Client has a $600,000 property | Mortgage is $480,000 | Current Debts: $0

Referrer Benefits

Help Your Clients

We settle your client’s unsecured debts at a significantly reduced amount – by offering an upfront payment to their creditors by refinancing your existing mortgage.

Save Your Dead Deals

Turn nothing, into something whilst retaining your client and assisting them financially.

Earn Thousands in Commission

Earn 50% of the upfront commission as a referral fee if we write the loan. Alternatively earn 15% of the success fee from the settlement if you write the loan.

Reduce client's debts by up to 80%

We cater for all types and sizes of debt. We learn about your client’s financial situation, freeze their interest and repayments, then formulate a plan to eliminate their debt.

We protect your client's credit rating

Because the debt is settled on mutually beneficial terms, we ensure there are no defaults on your client’s file.

No Debt Agreements

Debt Agreements, or Part IX Agreements, are legally binding contracts which are an act of bankruptcy. You should never accept bankruptcy as an option.