The Mortgage Loan Market [mortgageloan-processor.blogspot.com]
MoreLoans4U.com - Mortgage Marketing with MoreLoans4U can be used as a Loan Officer Marketing lead system for a whole Lender Office or Business, or for groups of Loan Officers
mortgageloan-processor.blogspot.com Mortgage Marketing Lead Systems for Lenders and groups of Loan Officers
MCLEAN, Va., July 19, 2012 -- /PRNewswire/ -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), showing the average 30-year and 15-year fixed-rate mortgage hitting new all-time record lows along with ... Record Low Mortgage Rates Helping To Stir The Housing Market
A mortgage loan is a loan secured by real property through the use of a mortgage note which evidence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. Word mortgage is a law french term meaning death contract meaning that the pledge ends when either the obligation is fulfilled or the property is taken through foreclosure.Accroding to ango american property law, a mortgage occurs when an owner pledges his or her interest as security or collateral for a loan. Therefore a mortgage is an encumbrance on the right too the property just as an easement would be, but because most mortgages occur as a condition for new loan money, the word mortgage has become the generic term for a loan secured by such real property. Many other specific characteristics are common to many markets, but the above are the essential features.
Governments usually regulate many aspects of mortgage l oan, either directly or indirectly and often throug state intervention. Other aspects that define a specific mortgage market may be regional, historical, or driven by specific charachetistics of the legal or financial system.Lenders provide funds against property to earn interest income, and generally borrow these funds themselves. The price at which the lenders borrow money therefore affects to cost of borrowing. Lenders may also in many countries, sell the mortgage loan to other parties who are interested in receiving the stream of cash payments from the borrower, often in the form of a security. Ther are many types of mortgages used worldwide, but several factors broadly define the characteristics of the mortgage. All of these may be subject to local regulation and legal requirements. Interest may be fixed for the life of the loan or variable and change at certain pre defined period the interest rate can also of course be higher or lower. Term mortage loans generally have a maximumterm, that is the number of years after which an amortizing loan will be rapid. Some mortgage loans may have no amortization, or require full repayment of any remaining balance at a certain date or even nagaive amort ization.
Upon maning a mortgage loan for the purchase of a property, lenders usually require that the borrower make a downpayment, that is contribute a portion of the property. This downpayment mey be ecpressed as a portion of the value of the property. The loan to value ratio is the size of the loan against the value of the property. Therefore, a mortgage loan in which the purchaser has made a downpayment of 20% has a loan to value ratio of 80%. For loans made properties that the borrower already owns, the loan to value ratio will be imputed against the estimated value of the property.In most countries a number of ore or less standard measures of creditwotthiness may ne used. Common measures include payment to income and various net worth measures. In many countries cradit scores are used in lieu of or to supplementthese measures. Find More The Mortgage Loan Market Issues
Question by bjdmb: Anyone have any good ideas for marketing a mortgage company in a high end beach city? I have been trying to research some marketing ideas for a mortgage company I do work for. I am doing a newsletter and a email newsletter. My market is the high end homes on the southern california coast., mainly orange county beach cities. Anyone with any good ideas please let me know. Best answer for Anyone have any good ideas for marketing a mortgage company in a high end beach city?:
Answer by steve s
I work in the mortgage industry. Whether you are marketing at the higher end or not it is the same. Newsletters are always good to let people know what is going on with your company. Also, you want to add other facts like put an article about decorating tips from an interior decorator and give them the byline. Send out a press release to the local newspapers telling about your company. There are many companies that you can use to send cookies or gifts to your clients. Mail out postcards in between newsletters and let them know you were thinking of them. Maybe attach a coupon to the postcard for a local restaurant. If there are golf courses around find out when the next big tournament is an sponser the tournament. Hand out golf towels with your company name on it. Just because these are high end homes doesn't mean that the people are above all other people and you need to market them in a completely different way. There are so many marketing ideas out there. If you want more ideas email me and I would be glad to chat with you.
Answer by Mohit Madaan
Go ahead and buy Mortgage leads from your local area. Drive to customers home and close quick loans. There are thousands of companies, try finding a nice one. Go for live transfers with iMpressive Leads, they really have nice programs. Contact them once to get leads from your city even. iMpressive leads 1-508-388-2683 Info@Impressiveleads.com http://www.impressiveleads.com/
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