Mortgage loans: Are 'No Cost Loans' Really at No Cost?
Buyers are often tempted to jump into refinancing their home loan in order to save a half (or quarter) percent on their existing mortgage. Unfortunately, those "no cost" loans are rarely "no cost". Here are a few tips to help make sure your home loan is a true no cost loan.Verify how the lender ... more...

Mortgage Originator Marketing Differentiate or Die
One of the best ways to attract more clients is to quit marketing the same way your competitors do. Because when all mortgage originator marketing is essentially the same, it becomes nearly impossible to distinguish one loan officer from another. And studies show that consumers will make decisions ... more...

Mortgage Loan Most Bankers Won't Give May Be Exactly What You Need to Buy or Refinance Your Home
A few years ago, a loan officer who worked for me was having a problem helping a customer. He was new to the business and had very little patience for problems (as you might have already guessed, he didnt last very long). He told me the customer was a doctor, who had left a hospital job to open his ... more...

Exclusive Telemarketing Mortgage Leads
Telemarketing Mortgage Leads are faster and more personalized than Internet Mortgage Leads. How do Telemarketing Mortgage Leads work? Lets take an example. Barry wants a mortgage loan. Barry, the borrower, fills the Form of Request for Mortgage Loan on a Lead Providers website. Tina, a ... more...

How I Raised My Credit Score 40 Points in 24hrs AND Saved $658 a Month in Interest!
Its never easy to talk about credit. Not with friends, not with family, not online, and, most of all, not with myself. Yes, I let a monthly payment go by here and there. Ive maxed out my share of credit cards. Ive bought cars that I really couldnt afford. I ate out. A lot. At expensive restaurants. ... more...

Shopping for a Mortgage, Avoid Three Common Mistakes
Buying a home or refinancing one is perhaps the largest financial transaction you will ever make in your life, so you want to be sure to avoid any mistakes that may cost you in the long run.When you are deciding on a mortgage, you certainly dont want to make your decision by flipping a coin.You ... more...

Eight Common Predatory Lending Schemes
Predatory lending is far more prevalent in refinancing than in the purchase market. One reason is that buyers tend to look for mortgages from established and recognized lenders, many of whom are bound by rules put forth by Fannie Mae, FHA, or the Veterans Administration. If they don't follow the ... more...

Desperately Seeking Good Leads, The Adventure Driven Loan Officer
As loan officers, the word lead is by far one of the most common words we use during the day, it is the topic of many of our conversations, it is praised and cursed, it is good and it is bad, it is loved and it is hated, on bad days it is hard to find, and on good days it falls right into our lap ... more...

Refinancing With Cash Out
If you have lived in your home for a reasonable amount of time and have acquired equity through appreciation and monthly mortgage payments, you may be considering liquidating some of that equity by refinancing with cash out.Refinancing with cash out in laymen terms simply means to refinance your ... more...