It is no secret that millions of Americans are looking to refinance their existing mortgages. Homeowners that bought during the bubble are finding themselves in over their heads. Borrowers that entered into ARM loans are now looking for a lower fixed rate mortgage, before their rates sky rocket. As a mortgage broker, there is a potential gold mine of opportunity out there, if you can just find a way to get the best mortgage refinance leads to act...more
The worth of commercial remortgage as a source of additional finance for several commercial purposes needs no measure. Clinching a deal from lenders is now more difficult than before because of fraudulent cases. The service of a remortgage broker can help you avoid falling in such a case. A mortgage broker acts as a link between lenders and borrowers. He helps the buyers in their quest of the best lenders on one hand and locates faithful buyers...more
There are nearly as many different types of mortgages out there as there are people. Depending upon financial situation, credit score and military background, there are a lot of different loan options available to the average borrower. This means that there are a lot of different loan types for the typical mortgage broker to pursue leads in. Though traditional, mainstream mortgages are still the most common type of mortgage in the United States, there are others that are making headway as well. Smart mortgage brokers are going after these quickly growing markets, and finding that their conversion rates are better than ever. Specialty loan products such as FHA, Fannie Mae and VA loans are producing some of the best leads out there. One of the reasons that VA leads are such a great investment for mortgage brokers looking to close more deals is that VA loan applicants are much more likely to be approved. Retired military personnel are considered to be highly qualified applicants. Although they may not have a huge down payment, they are typically very good borrowers, and have a much higher closure rate than most other types of borrowers. While anyone can put feelers out on potentially...more
There are several options for receiving payout from a reverse mortgage. You can receive fixed monthly payments for a period of time, get a lump-sum payment, open a line of credit that you can draw against, or you can receive some combination of these options. You dont have to stick with a payment option forever. You may be able to change your...more
How do you know if youre eligible for a reverse mortgage? Well lets start out first with what a reverse mortgage is. A reverse mortgage is a loan that allows older homeowners to access the equity in their homes. Instead of making monthly mortgage payments to reduce your debt, you eliminate your monthly payments and actually get money! Reverse...more
You may be wondering how you can benefit from getting a reverse mortgage? Many people have found that the money they got from a reversed mortgage benefited them greatly. With a reverse mortgage you continue to get income, and defer repayment, for as long as you live at home no matter how long that may be. An FHA insured reverse mortgage maybe exactly what you need!Lets take a moment to understand reverse mortgage. Then we can better explore the benefits. A reverse mortgages is a very useful home loan option especially for senior homeowners. If you qualified, you dont make any monthly payments. Equity in your home repays the FHA insured reverse mortgage when you sell your home, passed away or move out permanently. You or your children keep the extra money on top of what you owe the lender.What are the benefits? There are many benefits that a reverse mortgages can give you. However here are a few of the most significant. First, you will remain independent. This will allow you to remain in your home and retain home ownership.The second benefit is no monthly mortgage payments are required. You need not pay back the reverse mortgages loan nor make any monthly mortgage payments until...more
Over the past several years, we all know that the mortgage industry, and the entire credit industry worldwide, was going through a lot of turmoil. However, there was one lesser-known area of the financial market which continued to be dynamic and...more
Buying off-the-plan real estate is often pitched by marketers as a win win investment But, how safe is buying property sight unseen? Leading Melbourne Mortgage Broker What If We Finance provide some advice below for you to consider.Certainly people...more
Conveyancing is a term used to describe the whole of the process of selling a property on the open market, executing an agreement to sell and buy, and then transferring ownership of the property from the vendor to the purchaser. If you buy or sell a...more
A home loan modification is by far the most feasible, cheapest and the easiest way to get yourself out of an imminent foreclosure situation. Actually if you opt for a mortgage modification and if it is granted things won't go so far. The best time to...more
Home Loan Modification is by far one of the most feasible options for preventing a foreclosure. And even though the procedure isn't overtly complex people still find it difficult to avail the benefits of this option. The key to successfully procuring...more
Have you missed a mortgage payment? Are you more than 60 days late in making your monthly mortgage payment? If the answer to any on of these questions is a 'yes', a foreclosure is a real possibility and the only option to save your home is home loan...more