Due to financial crisis, many homeowners have been struggling to make the payments of their monthly mortgages. They are almost at the edge of losing their homes. To overcome the situation, Obama government has launched a great plan to lower down the burden of homeowners monthly mortgage payments.According to this mortgage rescue plan Obama government has targeted about 9 million homeowners who are in deep crisis. Under this plan, mortgage giants...more
Yes, it's true. Due to the economy and the general decrease in income in the American household, the feds have a program that can cut your mortgage rate to 2% in order to make your payment 31% of your gross income. However, it seems that qualifying for this program will take some pretty fancy maneuvering. Here are some tips to give you a general idea if you can qualify, and what to do to get the loan to the closed and funded status.The program...more
The most successful mortgage loan companies purchase online mortgage leads. They do not have the time or the resources to build their own comprehensive list. Many online lead companies tout the cheapest prices, the fastest turnaround, and the largest lists. All of that is irrelevant if the quality of the leads, and the filters applied to them do not meet customer needs. When selecting a company to provide mortgage loan leads, do some preliminary research. Is the company a broker, or do they generate their own lists? Broker firms purchase lists from other companies and they do not always screen the contents. Lead lists that have been purchased by several other companies may no longer be current. Online mortgage leads must be properly targeted to maximize effectiveness. If a mortgage loan company specializes in first mortgage refinances, but the leads purchased are primarily for first time buyers, conversion rates will be low. Marketing money and time will be wasted. Does the lead company focus on mortgage loans, or do they collect many types of leads? Pre-qualified, tightly targeted leads are generated by companies that understand industry needs. They market to banks, brokers and...more
Live transfer leads or hot transfer leads are procured when a lead generating company transfers an active phone call with a mortgage prospect to a mortgage loan company. Frequently, loan officers spend much of their time making phone calls to unqualified leads, or calls that result in messages on answering machines. Since live prospects are...more
Author: Janice Henderson6 month payday loans provide immediate cash to the UK people. These mortgages are provided when need the most. One can fulfill their urgent needs easily without any hurdles and hassles by applying them. Many times unexpected expenses come and make the budget unbalanced. The amount that one can avail from these mortgages...more
The mortgage leads industry has exploded in recent years. There are companies that sell leads, and companies that provide the back office systems to handle the lists for lead buyers. There are many types of leads, from live-transfer and loan modification leads to FHA and Debt Settlement leads. These leads come from a variety of sources. In most cases, the consumer has contacted the lead generation company by responding to a television commercial, completing an online form or a form that was sent as part of a direct mail marketing campaign. This qualifies the leads as active, reducing cold calling. Mortgage brokers and lenders purchase lists of names that meet specific qualifications. The pricing structure for mortgage leads varies by company and by type of lead. Live transfer leads are transferred to a sales representative as soon as interest and need is expressed. Prospects are pre-qualified by an inbound sales agent before being transferred to the mortgage broker or lender. Companies with skilled agents that offer products and services to close a live prospect immediately have high close rates. The agents assist the prospect in selecting the most appropriate program for their...more
Mortgage refinancing loan can provide an excellent escape for many homeowners and ordinary people from their financial problems. With the recent breakdown in economy and recession, people around the world have lost lot of value or equity on their...more
Author: MPetroneFannie Mae and Freddie Mac are now offering new mortgage modification programs for homeowners. This is because of President Obamas $75 billion housing stimulus program. Here are some things homeowners should know about Fannie Mae and...more
With the economic collapse of 2008 and the mounting job losses (in certain areas) many people are now finding it difficult to make the necessary payments to stay in their homes. Nothing can be more stressful than the fear of losing one's...more
Author: Hector MillaWhen it comes to having your home in foreclosure, it really does not matter what got you there in the first place as long as your financial situation is back in order. If the problem with making your payments was due to a large...more
In order for Canadians to continually qualify for the lowest possible Canada mortgage rates, the Canadian government had ordered the financial institutions, lenders, and banks, to slash their interest rates to a low level.At this time, the Bank of...more
Author: Gary AshtonOptimists keep claiming that things in the real estate world are looking up, but reality keeps reminding us that things are not all sunshine and roses just yet. Even with the current government incentive program for encouraging...more