THE WORLD'S EASIEST LOAN!

It's not a no doc or a HELOC on a free and clear property. It's also not a payday loan, or a car loan with a 10% LTV.

No, the world's easiest loan is secured by a Certificate of Deposit. 

Unbeknownst to many, banks make loans on CDs all the time. Consider the ease of freeing up liquid cash for your borrowers who have CDs.

The collateral is already there and the value is known to the penny, there is no title work involved, and there is absolutely no need for a credit repot. Customers can usually borrow against almost 100% of the value of any non retirement fund CD at about 1% over the rate they are earning.

A very small price to pay for a short period of time opposed to an early withdrawal fee or other more expensive means or raising liquid cash!

Please advise your customer to consult with their financial planner or attorney before making a decision on this type of loan.