None prime programs

NON PRIME PROGRAMS Where there is a Will there is a Way to Buy a Home

By Eric Lawrence Frazier MBA NMLS 461807 CAL | BRE 01143484

INTRODUCTION The Power Is Now Inc.  The Power Is Now is a multimedia company has been around since 2009  The Power Is Now Inc. is licensed to sale real estate CAL BRE 1980407

 The Power Is Now Inc. is license to broker mortgage loans NMLS 1435243  Founder and Broker Eric L. Frazier MBA CAL BRE 01143484 & NMLS 461807 As a Mortgage Brokerage, The Power Is Now Mortgage Services has access to many lenders that offer programs for first time homebuyers, move up buyers, investors, churches, non-profits and foreign nationals. We are a full service mortgage brokerage.

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MISSION The mission of the Power of Now Inc., is to inspire, educate, and empower real estate professionals, and consumers to build wealth through real estate with information, services and support that will give them the power to act now for their future.

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VISION The vision of the Power is Now is to be a powerful resource for real estate professionals, and consumers to buy and/or sell real estate to achieve their personal, family and business goals to build wealth and leave an inheritance and legacy for their family.

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OUR COMPANY SLOGAN IS OUR NAME The Power Is Now! We are at our best and we maximize our success when we act now.

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NON PRIME PROGRAMS Where there is a Will there is a Way to Buy a Home

By Eric Lawrence Frazier MBA NMLS 461807 CAL | BRE 01143484

NON PRIME PROGRAMS • ATR – ABILITY TO REPAY LOANS – NO INCOME DOCS • NON PRIME LOANS – NO INCOME DOCS • ALT –A RESIDENTIAL PROGRAMS • QUALIFY WITH BANK STATEMENT – PROGRAMS • ASSET DEPLETION • ONE DAY OUT OF FORECLOSURE

ATR – ABILITY TO REPAY LOANS – NO INCOME DOCS • Qualify with enough Liquid Assets to cover the loan balance!

NO MONTHLY INCOME REQUIREMENT! Asset Based Nothing on the 1003 for Income Nothing on the 1003 for employment 60 days for Statements on the assets – Nothing going out only coming in.

• No prepayment penalty – payoff any time.

• • • • •

ATR – ABILITY TO REPAY LOANS – NO INCOME DOCS • Highlights: • Employment is not required.

• You Only Need to Show Two Months of the Qualifying Account Statement • Up to 75% LTV - Purchase or C/O Refinance • Fico 600+ Owner Occupied or Investment

ATR – ABILITY TO REPAY LOANS – NO INCOME DOCS • How the loan is Calculated: • If the total assets cover the loan balance you’re done!

• Product Type:

• First Position Mortgages • 30-Year Fully Amortized Term • 7/1 Hybrid ARM - 7-Year Fixed Period followed by a 23Year Adjustable Rate Period set to the 1- Year CMT Index, or a 30-Year Fixed • No Prepayment Penalty • Must have Impounds • Payments are PITI

NON PRIME LOANS • No Income Verification • Verified Assets Required • Property to be cashflow positive • 80% of fair market rents.

• Negative cashflow X 84 months = Assets required to qualified • Assets must be seasoned for 2 months.

• FICO 600 to 75% Purchase or Refinance • Homes recently listed for sale - No Problem • Lack of Trade lines or only one credit score – No Problem • No Reserves - No Problem

NON PRIME LOANS • $2,000,000 Maximum loan amount • Interest Only payment available • No Pre Payment Penalties • State Income for 1 – 4 unit properties: • Investment or Business purpose owner occupied • Foreign Nationals • Cross Collateralization – 2 properties in the same county. Cannot sell the property until the loan is paid • Fix & Flip 65% LTV to 75% Rehab 25k to 50k 9 months seasoning on the loan before refinance

ALT –A RESIDENTIAL PROGRAMS • 90% LTV – 24 MONTHS SEASONING • 2yrs from Foreclosure, • 2yrs from Short Sale, • 2yrs from Bankruptcy • Interest Only Available • Up to $3,000,000 Loan Amounts • Max 43% Back End Ratio • Reserves: 12 Mos. if loan is greater than 80 LTV

QUALIFY WITH BANK STATEMENT - PROGRAMS • Personal Accounts qualify with

• 100% of Deposits for Personal Statements!

• Business Accounts qualify with

• 50% of Deposits for Business Statements!

• • • •

Don’t look at Withdrawals!

Don’t look at Overdrafts! No P&L! No Reserves! No 4506T! 12 to 24 Months of Statements

• Owner Occ. w/600 Fico, Non Owner & 2nd Homes w/500 Fico • Self Employed and 1099 borrowers only

• Only 6 NSF’s in the most recent 12 months • 9 NSF’s in the last 24 months

ASSET DEPLETION • Use 100% of Liquid Assets to qualify • 7yrs or 84 Months of PITI & Liabilities!

• 75% max LTV • 600 min Fico • APR range from 6.99 to 8.99% - FICO Driven

ONE DAY OF FORECLOSURE, ETC..

500+ FICO MTG 0x120 - 12 MO FORECLOSURE ≥ SETTLED SHORT SALE / DIL ≥ SETTLED BANKRUPTCY ≥ SETTLED Loan Terms 30-Year Amortized & Term - 7/1 Hybrid ARM or 30-Yr Fixed • All Loans require impounding for Taxes & Insurance • • • • • • •

• • • • • • • • • •

MARGIN: 7.950% Maximum Debt-to-Income Ratio 50% Back End Index & Adjustment Caps Floored at Start Rate / 1-Year CMT 2.0% Initial Change Cap / 2.0% Annual Cap / 6.0% Life Cap LTV MAX 65% CLTV* 50% 8.250% 1 POINT 60% 8.375% 1 POINT 65% 8.750% 1 POINT

The PowerPoint Presentations Are Available Now http://thepowerisnow.com/events/ Download Mobile App & the flyers on the program you are interested in Get started with your loan application online Tonight Buyers: www.applytobuynow.com Real Estate agents: www.neverleaseagain.com Need help?: www.neverrentagain.com

Eric L. Frazier MBA President and CEO CAL BRE 01143485 NMLS 461807 800-401-8994 x 703 The Power Is Now Inc. CAL BRE 1980407 NMLS 1435243

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THE PATHWAY TO POWER AND WEALTH Is To Own Real Estate Now!

THE POWER IS NOW WEALTH INITIATIVE www.neverrentagain.com Building Wealth with Real Estate

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THE POWER IS NOW WEALTH INITIATIVE Changing your mindset toward financial literacy and wealth building. www.neverrentagain.com FIVE KEY OBJECTIVES

THE POWER IS NOW WEALTH INITIATIVE • 1.

Five Objectives: Knowledge - Knowledge is the Power you need to build wealth. 

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Commitment to Financial Independence – We must take Individual responsibility for our lives. 

3.

Knowledge always comes before money or the money will soon be gone.

Commitment requires disclipine and discipline requires a budget and accountability

Investment in real estate - We must prioritize ownership in real property as opposed to personal property. 

Real Property appreciates. Personal property depreciates.

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THE POWER IS NOW WEALTH INITIATIVE • 1.

Five Objectives: Knowledge - Knowledge is the Power you need to build wealth. 

2.

Commitment to Financial Independence – We must take Individual responsibility for our lives. 

3.

Knowledge always comes before money or the money will soon be gone.

Commitment requires disclipine and discipline requires a budget and accountability

Investment in real estate - We must prioritize ownership in real property as opposed to personal property. 

Real Property appreciates. Personal property depreciates.

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THE POWER IS NOW WEALTH INITIATIVE 4.

Financial and Credit Management - We must live within our means and not abuse credit.  

5.

Credit is not income - It is a convenience for cash.

Good credit is the beginning of building wealth. Good credit is a Fico Score of 720 to 799 higher. Great credit is 800 to 850.

Creating Wealth - We must save money to buy real estate & other assets that appreciate in value.  

Buy and Hold, or Buy, Sell and Buy again and hold - building a legacy of wealth.

We must be intentional about leaving a legacy of wealth and an inheritance for our family.

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10 POINT WEALTH BUILDING PLEDGE www.thepowerisnow.com 29

THE STATE OF HOUSING ON THE DECLINE FOR AFRICAN AMERICANS 30

MEDIAN WEALTH In 2009, a representative survey of American household revealed That the median wealth of: White families - $113,149 Latino families- $6,325 Black families - $5,677 The Gross Domestic Product of African American is 1.3 Trillion dollars and 1.5 Trillion dollars for Hispanics.

Why is the median wealth so low?

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YOUR POWER IS NOW TO BUILD WEALTH You're not building wealth if you use all your money for consumption.

The GDP of African American is 1.3 Trillion dollars (13 out of 182 countries) The GDP for Hispanics is 1.5 Trillion dollars (10 out of 182 countries) 32

THE STATE OF HOUSING FOR MINORITIES • The Black/Brown-White Economic Divide Real •

African American and Hispanic communities were hit the hardest by the Great Financial Crises from 2007 to 2009

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They have the farthest to climb to get back into the home ownership before home values get back to their pre-recession prices.

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It may be too late for many because interest rates will be rising and home prices are increasing now.

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LESSONS LEARNT – GREAT FINANCIAL CRISIS 1.

2.

3.

4.

5.

We must save money – Make it your #1 priority now and not later.

We must live on a budget – Do not live by hope & faith and beyond your means We must establish an emergency fund – Plan for the worse & expect emergencies We must stop long term financing vehicles - Pay cash or limit financing to 12 mos We must become debt free – Save your money to buy what you want. Stop begging for what you need.

6. We must buy real property – Buy house before you buy an expensive personal property or car.

GREAT RECESSION AND GREAT GAP The Wealth Gap Research Report Traced the same 1700 families over a 25-year period (1984-2009) and found that the total wealth gap between White and African-American families nearly tripled, increasing from:

• $85,000 in 1984 to $236,500 in 2009

The Wealth Gap: $152,000 and growing 35

THE STATE OF HOUSING FOR MINORITIES

1994 Blacks & Hispanic Homeownership Rates: 40 & 42% respectively.

2004 Blacks achieved a high of 50% 2014 Blacks were at 42.5% and Hispanics 43.5% Hispanics.

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THE STATE OF HOUSING FOR MINORITIES •

The homeownership rate in the U.S. is 62.9 percent overall. The rate among whites is 71.5%, Asians, 53.7%, Hispanic 45.1%, African Americans 41.7%

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THE STATE OF HOUSING BY AGE •

The homeownership rate by Age of Householder. Under 35 - 34.1 percent, 35 to 44 - 58.3 percent, 45 to 54 - 69.1 percent, 55 to 64 - 74.7 percent, 65 and over - 77.9 percent.

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THE STATE OF HOUSING FOR MINORITIES •

If homeownership continues to be the primary vehicle that Minorities use to create wealth then Minorities are on the path to another Economic Crisis and homelessness!

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It’s time to take action and personal responsibility.

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Great Recession further exacerbated the wealth gap as Blacks and Latinos disproportionally impacted by the bursting of the housing bubble.

Between 2007 and 2010, the average Black and Latino households lost three and four times more wealth, respectively, than the average White household.

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Extrapolating from past trends, we can estimate what the future of wealth inequality will look like in this country. Unfortunately, it doesn’t look good.

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Eric L. Frazier MBA President and CEO CAL BRE 01143485 NMLS 461807 800-401-8994 x 703 The Power Is Now Inc. CAL BRE 1980407 NMLS 1435243

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