Home Remortgage

Home Remortgage is a practical way to free up equity in your home. If the mortgage rates are right, like they were in 2005, you can also lower your monthly payment by reducing your interest rate. A third reason to remortgage your home is to pay off other debts with much higher interest rates, like many credit and department store cards. In many cases, this third reason not only saves money on the interest rates, but may also reduce the total monthly payment.

Remortgaging a home mortgage makes sense financially and is a way to lower the investment in the home. The equity left in a refinanced home may be minimal or even non-existent. It is therefore possible if the home appreciates say 15% that the return on invested dollars will be more than you could have possibly made elsewhere. (more…)

Obama’s loan modification scheme is big news across much of the Internet, and has been for some time. It has already helped tens of thousands of people to restructure their existing mortgages in ways that will allow them to meet the repayments. The big question is, should you become one of them?

Can’t Meet Your Repayments?

The biggest question you have to ask yourself is whether you’ll be able to meet the repayments on your home in the near future. Ask it honestly, because it’s an issue where it can be easy to stick your head in the sand. The trouble is, if you do that, then nothing will change, and if nothing changes you could eventually be looking at foreclosure. A loan modification could be your way out of that potential nightmare. Thanks to the changes made by Obama, you don’t even have to wait until you’ve missed multiple repayments before applying. (more…)

The hardship letters you need to write to get a loan modification are among the most difficult you’ll have to write. Worse, you’re hardly in a position to have had much practise at them. Follow these tips though and you’ll soon be doing fine.

1. Keep it brief. You’ve probably got quite a bit of pent up emotion, given the circumstances, but this isn’t the place for an extended missive on every problem you have. Instead, briefly explain the changes in circumstances you’re experiencing, along with what you’re doing to adapt and how a loan modification would help. (more…)

The loan modification process is often a difficult and emotional one. That is particularly true when it comes to writing the hardship letter that forms an essential part of the application. Thankfully, these simple dos and don’ts will help you to produce a letter that will be convincing, accurate and effective.

Do put some thought into it. Your loan modification is probably the only thing standing between you and bankruptcy or foreclosure, so do not just dash something off. Write it carefully, check it, and make the hardship letter as good as you can. (more…)

Your choice to refinance a 2nd mortgage must never be taken with a grain of salt and yes, of course it’s a method of getting additional funds, but it also means acquiring a shiny new loan. You have to make sure the 2nd mortgage doesn’t only come with surplus cash, but better loan rates and terms as well.

Not just any situation would warrant refinancing and not every financial thirst can be solved with a 2nd mortgage and you have to contemplate every factor as well as expenditure involved with the procedure prior to making your decision. Below are a few great reasons which would definitely merit refinancing with a second mortgage. (more…)

Now don’t get me wrong, I commend you on getting through the process of taking the course, and passing the test. You wouldn’t believe the amount of people who fail to pass and receive their license. It’s not an easy feat, and you should be very proud of yourself for getting this far.

BUT, unfortunately what you learned in all that Real Estate Training was just to get licensed, and really has no real world worth in getting you started in this very competitive business called Real Estate. (more…)

Internet Marketing is an entirely different animal than traditional Real Estate Marketing. But once you get a hang of it, you will see how fruitful it can be for your business. Here are some ways that you can get your site out and ranked highly in the Search Engines:

• Pay Per Click (PPC): This is online advertising that is done through Google Adwords. This can put your site out in front of a lot of prospects. Just be careful that you set a maximum amount paid per click and per day, or this can break your bank quickly. (more…)

In slow times it is essential that businesses continue to promote their products and services. House sales may not be the best on record but it is in times like these that you can take advantage of the slow times so that your business can flourish when sales return to normal. One product that can do this exceptionally well for you is the promotional stress ball. They are available in a large range of stock real estate related shapes and they are not expensive.

Here in the UK, many estate agents are using promotional stressballs to create attractive displays in their office windows. There is something about these foam products that makes people want to take a closer look and eventually a nice squeeze. Stress shapes also go down well when handed out to clients or even given to business acquaintances at your Rotary or Lions club. (more…)

About 2 years ago I became fascinated with tracking my sales and conversion metrics. We are all aware of the fact that the truly successful sales professionals track their numbers and watch them closely. It only makes sense right?

If you don’t watch your numbers closely, how can you tell what works, and what is a waste of your time and/or money? Moving on, I started out using a Microsoft Excel spreadsheet, and entered not just my sales and prospecting efforts for the day, but I also included notes as to how many calls were first time prospecting efforts compared to follow ups. (more…)

One of the number one skills a new investor is going to have to learn is how to find motivated sellers. Finding good leads and then pull out the motivated sellers is the key to success!

For example, a seller might be in foreclosure, have a job transfer or some other life changing event. Sometimes when life changes the rules, so can a sellers motivation. (more…)