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Consumer Mortgage Info
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Consumer Mortgage Information And How To Get The Best Deal On Your Next Mortgage, Advice Everyone Should Know
This department covers general information helpful to consumers when shopping for a mortgage loan. To sell effectively as a loan officer, you must first understand your customer's mindset. These mortgage training resources serve up the straight dope and tell it like it is in plain English. If you're looking for a loan yourself, you'll be well educated and on your way to saving a whole lot of money.
RESOURCES IN THIS DEPARTMENT:
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DOWNLOAD = Choosing The Right Mortgage, Another Great Brochure You Can Use In Your Borrower Welcome Packages
Borrowers always have a lot of questions. But do you have all the answers? If you are a good loan officer, you'll admit that you don't. Yes, I'm sure you know a lot. But, there are always new loan products, rules and regulations coming out all the time. With so much to remember, it's easy to forget the basics. Here is a great brochure from Fannie Mae that we've used successfully in some of our borrower welcome emails. It's really for people who are on the fence and can't decide which mortgage product to go with and covers all of the factors one needs to consider. Interest rate, monthly payment, length of term, etc. It's all in here. And the best part it's free and won't cost you a dime to use. Simply email it along with the rest of your loan documents and voila! Enjoy! This resource is in Adobe PDF format. . . . >>> READ MORE
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What You Should Expect From Your Realtor and Your Internet Site
Isn't it amazing how many choices you now have to find a realtor and a new home? Add to that all the services necessary to make you feel satisfied in your choice and it's a whirling world of choices. Until recently, the internet has just been fancy classified advertising on the computer, but now some of the top real estate agents all over the United States are offering wonderful services including some of the following. . . . >>> READ MORE
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Cutting Edge Real Estate, Is The Bubble Ready To Pop?
Of course, this is the big question in real estate now. . . Will the so-called real estate bubble burst like the dot-com bubble did a few years back? There are some good arguments on both sides of the issue. Whatever happens in the next few years, it will affect millions of Americans, and therefore also millions of people worldwide. If the bubble does "burst" as some say, it is all but certain we could, or more like would, go into a recession. . . . >>> READ MORE
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The Consequences Of Over-Improving Real Estate
So you've found the home you want to grow old in. The location is good, the neighbors are great, and the price was just right. Now like most homeowners in this situation you begin doing minor improvements or upgrades to your home. A little paint in a few rooms, wallpaper there, new flooring in this room, granite in that room, a fixture here a fixture there. Finally you are satisfied with your now remodeled home. . . . >>> READ MORE
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Has The Real Estate Bubble Popped?
According to a story from Public Radio International's radio show Marketplace, the average price of a new home was down 9.7% last month from the same time last year, and that's the "biggest plunge in 36 years." At the same time, new home sales are up slightly because sellers are lowering prices significantly. But the big question is, when will the real estate bubble pop? Or has it popped already? . . . >>> READ MORE
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Online Mortgages In 5 Easy Steps
We're all entitled to the opportunities and benefits of home ownership. But because most of us aren't loaded with cash, we must find banks and lenders to assist us with finance. No matter what your credit history is, or what your circumstances are, the internet has now made this process a billion times easier. . . . >>> READ MORE
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How To Save Money On Your Mortgage: An In-Depth Look
Obtaining a home loan is arguably the most expensive transaction you'll experience in your lifetime. Therefore, getting the best home at the greatest value is an endeavor worth pursuing. Whether you're trying to squeeze in to a higher priced home or just trying to shave a couple bucks off of the closing costs, this article will help you explore your options. . . . >>> READ MORE
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What You Should Look For In A Mortgage Broker
Money matters have been always confusing and choosing the correct deal for oneself becomes all the more tedious. Picking and choosing a deal in a maze of mortgage deals of various types is difficult. Everybody is going to take you on a journey of figures and facts which you might find mind boggling. . . . >>> READ MORE
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Mortgage Application Tips For Borrowers
BATTLECALL GUEST EXPERT: Suvap Das, Super Mortgages Get a comfortable table or desk and spend the time to fill out your mortgage application neatly and correctly. If you are given a paper application at the bank or credit union, ask permission to brin . . . >>> READ MORE
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Real Estate Foreclosure And Your Financing Options
Foreclosure is one of the risks involved in engaging in business or owning a property if financing comes from a lender which can be a bank, an institution, family and friends and any agencies that can provide the needed amount. Owning a home is one of the needs that man desires to fulfill but with the present situation of the world, money will always be involved. . . . >>> READ MORE
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Avoiding Foreclose: Last Hope For Consumers
Today's real estate market is a volatile one; prices are at record levels and Interest rates are favorable, but foreclosures are increasing. Wages haven't kept up with home prices and some buyers who had to stretch to find a way to obtain a mortgage in the first place are having trouble making their payments. . . . >>> READ MORE
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Mortgage Payments Versus Rent Payments, Explaining It To Borrowers
There is an age-old debate on whether or not it makes more sense for people to rent or buy. Though it is hard to really understand why there is a debate at all. You will definitely hear arguments from both camps that appear logical but if you do a little digging you may find that some of the arguments are thin at best. . . . >>> READ MORE
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Getting The Best Mortgage Rate, Consumer Advice
Buying a home is an expensive endeavor so getting the best possible mortgage rate should be one of your main priorities. By deciding to get the best mortgage rate possible you will be making a positive decision to help you for many years to come. However, just deciding to get the best mortgage rate available is not going to get you the best mortgage rate available. . . . >>> READ MORE
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Mastering The Mortgage Maze For Consumers
So...you're about to buy a property and need a mortgage. Where do you begin? Whether you are a first home buyer, have bought and sold several times, are re-financing, seeking an equity loan, or even a reverse motgage - there are a lot of thing to consider. . . . >>> READ MORE
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Mortgage Comparisons and Shopping Your Loan, Made Easy
Trying to compare loans, their fees, and which one really makes sense for you can be a job in itself. Smart shoppers compare different interest rates, but how do you know you are getting the best deal that you can? Interest rates are important but there are terms of the loan that must be considered. . . . >>> READ MORE
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Seven Homebuying Disasters To Avoid
Whether you are a first time home buyer or a happy home owner who wants to refinance an existing home loan, there are some cardinal "dos" and "don'ts" to follow. For many, home ownership is the biggest investment in their lives and that could be the reason why some people act irrationally, as if they purposely want to sabotage the deal. . . . >>> READ MORE
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Buying Your First Home: Setup A Realistic Budget
With mortgage rates still low, and a number of flexible loan programs available, it has never been easier to buy your first home. You have some money saved, and being pre-qualified by a lender, you feel you are ready to find that dream home. . . . >>> READ MORE
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Consider Different Reverse Mortgage Options
There are many different reverse mortgage options: single purpose reverse mortgages, federally insured reverse mortgages, and proprietary (private sector) reverse mortgages. Each option has different pros and cons that need to be considered when looking into taken out a reverse mortgage. . . . >>> READ MORE
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Alternatives To Foreclosure
Fortunately, even if you have defaulted on your payments, it does not necessarily mean that your property will be foreclosed. There are various alternatives to a foreclosure that you can take. . . . >>> READ MORE
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Home Equity Scams
A home is the most expensive investment most people will ever own. For cash-strapped homeowners a home equity loan is a temptingly easy way to get cash. However, some home equity lenders are dishonest, and gullible consumers are at risk of losing their biggest asset. Borrowers should be wary of unscrupulous lenders and their scams to avoid losing their homes. . . . >>> READ MORE
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Signs Of Predatory Lending
If you're shopping for a home loan, you can save thousands of dollars by being aware of predatory lending practices, in which you're charged too much for your loan or are forced to buy services you don't really need. You can protect yourself by learning to recognize the signs of predatory lending. . . . >>> READ MORE
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Do Consumers Need A Fast Payment Mortgage Coach?
With good coaching, your mortgage payments should have ended shortly after the Seoul South Korea Olympics. That's about the same time that the famous Sprinter, Ben Johnson's career as the fastest man in the world ended through choice of Coach. . . . >>> READ MORE
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