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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.