Tuesday, May 14, 2013

Mortgage Tips for 2013

Whether your clients are looking to refinance or buy a home, 2013 is the time to do so! Using online mortgage marketing is the best way to take advantage of the housing boom of 2013. Potential buyers are looking for loan officers they can put their trust into. My Rate Mailer is the best way to gain a clients trust and business. With your mailer on the top of their inbox daily, your clients will be informed, and feel they are able to communicate with you effectively. 2013 is the time to buy, make sure you are the go-to lender for your clients! Sign up for My Rate Mailer today and get your online mortgage marketing plan in action TODAY!

Top Tips for Buyers in 2013

Stop procrastinating and refinance

If you haven't refinanced recently, you're probably paying a higher interest rate on your mortgage than you should. Take advantage of today's record-low mortgage rates while they last. Rates are expected to remain low during the first few months of the year, but they should gradually increase. When they do, many borrowers will regret having missed the opportunity to grab the lowestmortgage rate in history.

Give your lender a chance

If you have trouble paying your mortgage, don't ignore your mortgage servicer. There are new programs available for borrowers who struggle to keep up with their mortgage payments, including forbearance for those with FHA mortgages. Lenders have been more willing to work out delinquent loans through loan modifications and even short sales for homeowners who can't afford to stay in their homes. It can be a frustrating process to deal with your lender, but communication is still your best tool.

Shop for a low rate and good service

Even with rates hovering near record lows, you should still shop for the best mortgage deal. Get quotes from at least three lenders and compare not just the interest rate but closing costs and the quality of their service. Favor lenders that have a reputation of closing on time. Start with referrals from friends and relatives when shopping for a lender and read online reviews from other borrowers about the particular lender or mortgage broker you are considering.

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