About Mana Loan

About Mana Loan

About Mana Loan™

MANA LLC has developed a unique 100% financing mortgage concept that lessens the risk to the homeowner, and the Mortgage Investor for the duration of the mortgage loan. We call this concept the Mana Loan™ (Patent Pending).

The Mana Loan™ has various investment vehicles that can be used either singularly or in combinations; Annuities, Universal Life Policies, Whole Life Policies, Certificates of Deposit, Guaranteed Interest Contracts, Mutual Funds, Savings Accounts, Zero Coupon Bonds, Municipal Bonds, and Variable Life Policies.

The Mana Loan™ combines a Mortgage Loan with the collateral of a Single Premium Immediate Annuity and a Universal Life Policy. The Single Premium Immediate Annuity funds the Universal Life Policy.

The Mana Loan creates for the homeowner an opportunity to become financially secure and creates for the Mortgage Investor a niche product that will enhance the security of the mortgage and increase sales and revenue. This illustration features a 33- year old, non-smoking male who purchases a home for $275,000 and a Single Premium Immediate Annuity of $55,000. The Single Premium Immediate Annuity funds a Universal Life Policy. The home and the annuity are 100% financed by the Mortgage Investor.

This product appeals to the homebuyer who has little cash reserves but sufficient current income. They are trading a higher monthly payment for the lack of a down payment. After figuring how long it might take to accumulate a down payment, and the risk of mortgage rates and/or home prices rising while accumulating the cash, the present value of time/money factor would favor the Mana Loan™. Paying more now might be cheaper than paying much more later. The Mana Loan™ gets the no savings borrower in the home today.

The Mana Loan™ target markets:

	First time homebuyers. Many have good jobs and excellent credit, but haven’t accumulated the down payment. Owning their own home would give them a tax deduction, thereby raising their annual income.
	Seasoned homebuyers can now buy that upgraded home, as long as their income can support a higher mortgage payment. The insufficient down payment no longer stops them from purchasing the more expensive home.
	The sophisticated, high-income homebuyers with income and assets, who do not want to interrupt any investments.

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MANA COMPANY, LLC
P.O. Box 20595
Seattle WA 98102

Evelyn Nichols
1-800-506-7563

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Last modified: May 08, 2009