Unlicensed Mortgage Broker Defrauded Wholesale Lenders
Welcome back to iLeads Mortgage Market Minute, where we bring you the latest, most relevant news regarding the mortgage market. We hope you enjoyed last week’s edition where we talked about Mortgage Profits Drop In Second Quarter On Lower Volume. This week we’re bringing you: Fannie Mae’s Lyle Radke to speak at HW Annual* […]
Why Should Homeowners Refinance Now?
Refinancing a mortgage makes a lot of sense—if the math is in the borrower’s favor. If they can reset their loan at a lower interest rate than what they’re currently paying, they may be able to: Homeowners Refinance now and save big Take cash out at closing to cover a home improvement project, pay off […]
Should You Refinance to an Adjustable Rate Mortgage?
(via Home Loan Advisor) An adjustable rate mortgage (ARM) is a type of mortgage where the interest rate charged on the outstanding balance varies based on a specified schedule. The interest rate is initially fixed for a given period after which the rate is set periodically. There are many advantages associated with the adjustable rate […]
Should Baby Boomers Refinance?
Why Baby Boomers Should Consider Refinancing Between 2015 and 2030, the American population will experience a significant shift, as more than 130 million people will be at least 50 years old, and all of the baby boomers will have retired, which means that a fifth of the population of the country will be at least […]
How Can FHA Loans Help You Buy a Home?
What is an FHA Loan? FHA loans are specifically designed to assist homebuyers in purchasing homes they couldn’t afford if they opted for other types of mortgages. The Federal Housing Administration (FHA) was founded in 1934, and its aim was to help people purchase homes. This organization does not make any loans, but it does […]
What You Should Know About ARMs
What is an Adjustable Rate Mortgage (ARM)? Adjustable rate mortgages, or ARMs, are mortgages with varying interest rates that are usually determined by performance of benchmark indexes. As the index rate changes, your rate of interest will be adjusted periodically. Key Terms to Understand in ARMs Here is a brief ARM glossary: Index- The index […]
How to Sell Your House Without a Real Estate Agent | Top Tips
Sell Your Home Without an Real Estate Agent Most people rely on a real estate agent when they want to sell their house, but it is possible to get a buyer on your own. It may take a little more effort but you will end up saving the commission you would have paid to the […]
Tips for Mortgage Brokers
Mortgage brokers are licensed professionals whose main job is to solicit potential borrowers and find/negotiate mortgage loans. As a broker, you should have several established relationships with lenders in order to have an array of choices when it comes to loan programs. You are basically the go-between the borrower and the lender throughout the loan […]
Strategies for Generating Mortgage Leads
The Challenges of Generating Mortgage Leads In the mortgage business, generating mortgage leads is not an easy task. Yet, there are some institutions which manage this task so efficiently that they leave their competitors in awe. After conducting some extensive research with mortgage loan originators, loan professionals, loan officers, and brokers; our business analysts have […]
New Qualified Mortgage Rules
The federal government has implemented the new Qualified Mortgage (QM) rules. The implementation of these rules poses many challenges for lenders as they now have to tighten their underwriting norms. On the other hand, borrowers may hardly notice any difference. However, borrowers at the lower and the higher ends of the spectrum may find it […]