Live Transfer Leads Mortgages

March 22nd, 2010 - 
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If you are a loan officer or mortgage broker, you may be on the market for live transfer leads mortgages.

This particular type of lead is not such a bad choice when you are determining what type of lead you want to work with.

The live transfer lead works like this.

You sign up for an account with a live transfer lead mortgages company. You determine what type of lead you would like transferred your way. Such as the type, purchase or refinance. The state, the credit rating, the ltv, etc.

The lead provider will make contact with the prospect for you and transfer the prospect to your direct line at your office.

This is a very good deal, but as always, there may be some unforseen challenges you will have to deal with.

Suppose you step away from your office for a few minutes, and that live transfer you just paid for ends up in your voice mailbox.

Remember, once the lead provider makes the transfer, they are out of the picture.

Suppose you work in a large mortgage office and the transfer is retrieved by your secretary or operator. Or lets say the call is taken by another loan officer in your office. If this happens, than that live transfer will have to be transferred again.

We all know how annoying it is to be transferred, not only once, but now twice. Your customer probably wont sit so well with this.

This is not to say that live transfer leads mortgages are not good. Just make sure you know what the lead providers policy is, if your transfer ends up not being live.

You may also want to consider purchasing real time leads. Real time leads are delivered to you by way of e-mail according to a filter you have previously set up specific to the type of lead you are looking for.

You can receive your lead literally seconds after the potential customer hits the submit button on the on-line form, cutting out the middle man all together.

To sum it all up, if it is quality that you are looking for, live transfer leads, and real time mortgage leads are the way to go.

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Mortgages

100 Mortgage Financing – No Money Down Programs

February 1st, 2010 - 
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Buying a new home with no money down has never been easier. If you are unfamiliar with 100 mortgage financing, it may help to contact a mortgage broker before applying for a conventional loan. At one point in time, buying a home with no money down was unheard of. Today, the majority of mortgage lenders offer a range of zero down loan programs. These loans are ideal for families trying to buy a home with little or no money for a down payment.

Benefits of 100 Mortgage Financing

The benefits of applying for a no money down home loan are obvious. Ordinarily, mortgage lenders would ask new home buyers to have a down payment of 20%, 5%, or 3%. Rising cost of living makes it difficult for middle class families to save money for a home purchase. Instead of alienating the majority of working class people, lenders chose a smarter approach and begin offering a variety of home loans for every need.

With a 100 percent mortgage financing, down payments are not required. The downside is that these loans may carry a slightly higher interest rate. However, if your credit rating is high, the rate increase is barely noticeable. Of course, good credit is not required for getting a no money down home loan. Fortunately, there are loans available for all credit types.

Different Types of No Money Down Loan Programs

Another option for obtaining 100 percent financing involves getting a mortgage loan for 103 percent or 107 percent financing. 107 percent financing is perfect for homes that need a lot of cosmetic repairs.

If applying for more than 100 percent financing, a good or fair credit rating is a must. Typically, 103 percent full document loans require a score of at least 600. A credit score of at least 680 is required for 107 percent home loans.

Self-employed homebuyers can get approved for a stated income no money down loan. These individuals will likely need 12 months of banking statements, tax returns for the past two years, and a credit score of at least 650. Having bad credit will not disqualify you from getting 100 percent financing. Full document bad credit no money down home loans are available to those with credit scores as low as 580.

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Mortgages