Real estate investment has become very popular in the last few years. With all kinds of “no money down” real estate courses being sold on infomercials and in every home business or investing publication that exists, people have rushed to buy properties for investment purposes. Unfortunately, many of these people are not interest rate savvy and are doing themselves a disservice by not refinancing some of their investment property mortgage loans.
Sometimes you need images or before-and-after pictures to illustrate your services. A real estate agent sells houses so why not show photos of houses? A weight loss expert shows a person morphing from fat to thin – why not?
Many adjustable rate mortgage programs now offer a variety of margins for you to choose from. This means that you may have an opportunity to control your future interest rate. Sooner or later all adjustable rate mortgages adjust to an interest rate that is equal to an index plus the value of your margin. You have no control over the movement of the index. But if you can get a lower margin you will have a lower rate (once your loan starts adjusting) for as long as you have your loan. Your good faith estimates should all indicate the margin for your loan. Call the individual mortgage brokers and tell them you are interested in a lower margin. Don’t be shy. It’s your money!
One of my mentors Mike Dillard said it best “People don’t by the drill, they want the hole that the drill will produce”. Same thing with network marketing. People join because they want the lifestyle the opportunity will give them. They join You, because you are living the lifestyle they want. If you are happy, excited, living the dream you always wanted. People want the same thing. Time and Money are really only the 2 things people care about. Show people how your opportunity will eliminate their time and money problems.
Borrower “X” falls behind on their mortgage payments. The existing balance is approximately $180,000. The value of the home was estimated to be $300,000. The Finance Broker Brisbane contacted the borrowers and promised to help them secure new financing and avoid foreclosure.
You are the mortgage broker’s client and you should realize that they should provide you with the best service possible to keep your business. Do not allow them to rush through the process or put your deal on the back burner. If this happens, tell them you want to be treated well and deserve good service. There are many mortgage brokers that would love to have your business. You have the control and can always change brokers if necessary. Get the service you deserve.
A preview call is a call advertising a later, larger event. It is usually free, thought you can also have a paid preview call. For this type of teleseminar you want to give as much good information as possible, If you are previewing a weekend event, you can’t possibly give everything you are going to cover in one hour. So choose a few topics and give some great information, then tell them about the upcoming event. Don’t make this an infomercial about how great the event will be- show them how great it will be by giving them a great call.
Not every lender charges for all of these services. Some loans, cheapest or otherwise, may not require all of these services. Again, this is an area in which you must do some comparison shopping. Some brokers are paid by the lender rather than the borrower.