Frequently Asked Questions

Click on any of the following commonly asked questions about our investment program:

1.- How much will I earn if we invest with City Line?
2.- Do banks have a maximum amount I can invest while still maintaining insurance?
3.- How much can I invest with City Line?
4.- Why do banks have insurance on savings accounts?
5.- Are City Line's investors secured?
6.- What if we need part or all of our funds before our notes mature?
7.- Is City Line audited by the Federal Government?
8.- Is City Line's financial condition rated by any rating agencies?
9.- Does City Line take a fee out of our quoted interest rate?
10.- How long will my money be tied up?

1.- How much will I earn if we invest with City Line?

City Line's investors rates are generally 1% to 2% above what a person will receive from a commercial bank or credit union and approximately 1% above a 10 year government bond.

 

2.- Do banks have a maximum amount I can invest while still maintaining insurance?

Banks insure people with deposits totaling $100,000.00

 

3.- How much can I invest with City Line?

There is no maximum but City Line would like our investors to start at $10,000.00

4.- Why do banks have insurance on savings accounts?

The government has established that banks will not adequately care for people's money unless they establish certain guidelines. Therefore, insurance on deposits in a Federal Bank have become necessary and mandatory in the banking system.

5.- Are City Line's investors secured?

Yes, City Line protects its investors by securing them with Grade "A" quality mortgages.

6.- What if we need part or all of our funds before our notes mature?

City Line will try to assit all our clients in substituting another investor in their place so you may recieve your money prior to its maturity.

7.- Is City Line audited by the Federal Government?

City Line goes through yearly audits that are sent to Agencies of the Federal Government for their approval.

8.- Is City Line's financial condition rated by any rating agencies?

Yes, Dunn & Bradstreet rates City Line's financial condition as "strong" in their 2002 report.

9.- Does City Line take a fee out of our quoted interest rate?

No! City Line adds its fee on top of the quoted interest rate and the note holder pays City Line.

10.- How long will my money be tied up?

5 1/2 to 7 1/2 years is the life expectancy for mortgages notes here in the United States as reported by the United States Mortgage Bankers Association. The actual note invested in is a 30-year note fully secured by a mortgage or Deed of Trust.