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15 June 2007
With interest rates low and home prices beginning to level off, now is a great time to buy a home.Should you stretch your budget to buy the exact home that you want? This article, plus a good mortgage calculator, can help you find the answer.
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31 May 2007
As the number of delinquent mortgages climbs, lenders are tightening their standards for issuing loans, including such well-publicized moves as raising minimum credit scores and cutting back on 100 percent financing and low-documentation loans.The trend appears to be here to stay, at least for the foreseeable future.
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30 May 2007
Seattle-based Washington Mutual, Inc.recently unveiled a new type of mortgage designed to give consumers more options than ever before.The loan is expected to surge in popularity and will likely be imitated by other mortgage lenders around the U.S.
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28 May 2007
Statistics show that a vast majority of Americans downplay the critical importance of good credit.But having a poor credit history in this area of your life can be the biggest obstacle to home ownership or mortgage refinancing.
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16 May 2007
Hard money loans are made by lenders willing to accept greater risks than mainstream mortgage companies and banks.In exchange for providing loans to borrowers who would otherwise be turned down, hard money lenders charge higher interest rates.
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7 May 2007
Utilizing the services of a resourceful mortgage broker can save you not only time but money and worry.But because not all brokers are created equal, it's important that you choose yours carefully to find one who is skillful, reliable, ethical, and trustworthy.
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14 March 2007
When it comes to shopping, we're a society that sweats the small stuff.We'll surf the Internet, and drive across town to research blenders, HDTVs, and video games, ad nauseum.
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9 March 2007
Consumers typically know how to locate lenders when seeking a loan, but it's more challenging for lenders seeking consumers.The following basic tips will help you, as a lender, to develop a marketing strategy to attract new clients.
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25 February 2007
Before shopping for a mortgage, it's important to know how the industry is organized.Here are some helpful tips to demystify that world.
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15 February 2007
Products are sold to consumers in many ways: Some directly through retail outlets like storefronts or the Internet, others indirectly through wholesalers who peddle their wares.Mortgages are no different, with distribution taking place through either mortgage brokers or bankers.
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12 February 2007
Financial institutions recognize that traditional mortgages don't serve the needs of all borrowers.One alternative offered is the blanket loan, a cousin to the traditional mortgage, which has both business and individual applications.
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9 February 2007
Of all the real estate marketing strategies out there, a solid branding program is one of the best long-term investments you can make.The ultimate benefit of effective branding is top-of-mind awareness among your target customers-when they need a real estate agent, they'll think of you first.
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24 January 2007
Shaking off the trailer park jokes, manufactured homes are gaining acceptance as a low budget route to home ownership.Now more than ever, it's important to know the basics of financing manufactured homes.
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13 January 2007
We're usually so focused on what our lenders will ask us that we may forget that the lending interview is a two-way conversation.
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1 January 2007
The keys to successful reverse mortgage marketing are finding your audience and making an appealing pitch.Your audience, the senior population, faces a distinctive set of pressures that governs their daily decision making.
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18 December 2006
There was a time when it was scandalous for a woman's skirt to reveal anything above the ankle.However, years passed, perspectives changed, and the miniskirt eventually arrived.
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27 November 2006
Mortgage cycling is an aggressive approach to paying off mortgage loans within a short time frame.It involves making large lump-sum payments of home loan principal every six months.
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21 November 2006
It's a sad situation when a lender forecloses on your home.Then, when you get back on your financial feet, the foreclosure on your record can make it difficult to find a new mortgage.
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15 November 2006
With home sales dropping and mortgage rates rising, customers are becoming fewer and farther between.Now is the time to dip into the mortgage marketing toolbox, and pull out a few strategies to bring you more recognition and, hence, more new clients.
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15 November 2006
Free mortgage leads are especially valuable when the mortgage business goes through a seasonal slowdown.By teaming up with people who have direct access to buyers and sellers, mortgage lenders can reap the rewards of professional networking.
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