Boomers Bank

FAMILY MORTGAGE
IT’S SIMPLE ACTUALLY. VIRGIN MONEY LETS YOU SET UP YOUR OWN
MORTGAGE WITH FAMILY OR FRIENDS. THEN WE MANAGE IT FOR YOU.
ALONG THE WAY, WE’LL PROTECT YOUR RELATIONSHIPS AND SAVE
YOU THOUSANDS IN BANK FEES. SOUND GOOD? IT GETS BETTER.
What Is A Virgin Money
Family Mortgage?
Our Family Mortgage is a loan with
someone you know that is secured by
real estate and used toward the
purchase of a home, or to refinance an
existing bank mortgage. So, basically,
your Aunt Mary could be your mortgage
lender. Or you could be your Cousin
Jim’s mortgage lender.
Our Family Mortgage is custom-tailored
to you and your needs. We provide the
right size and shape, and you pour in
the details. Kind of like a delicious cup
of coffee. Together, we can satisfy your
mortgage financing need. Mmmmm.
This part is neat. You can pick an
interest rate that is greater than the
lender might earn in a comparable
financial investment, but still less than
the borrower would pay to a bank.
Everybody wins. You’ll also have the
flexibility to structure repayment to be
affordable so the borrower can stay on
track. We want you to succeed.
Give us a call and talk to a loan specialist
today. C’mon, talk is free!
1.800.805.2472
(Monday-Friday 9AM-7PM EST)
Features & Prices
Loan Loan Basic Full Full Full Full
Servicing Servicing Service Service Closing Closing
w/Escrow w/Escrow w/escrow
$249* $549* $649 $699* $999* $1,999* $2,299*
1) Loan
Documentation
Promissory Note
Mortgage or Deed
of Trust
Recording of Lien
Benefits: Sets clear expectations for the repayment of the loan, protecting both parties.
2) Payment
Processing
Repayment
Management
Online Account Access
Year-End Reports
Benefits: Dramatically reduces the chance of a payment problem, preserving relationships.
3) Escrow
Services
Escrow Analysis
Insurance Bill Payment
Tax Bill Payment
Benefits: Reduces the risks of a loan by placing a lien on assets of the borrower.
4) Title Services
Closing Instructions
Settlement Statement
Local Closing Agent
Benefits: Provides a single point of contact for closing coordination.
5) Closing Services
Closing Instructions
Settlement Statement
Local Closing Agent
Benefits: Provides a single point of contact for closing coordination.

Boomers Bank

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