Advantages Of Refinancing Your FHA Home Mortgage Loan

When interest rates fall, it is a good time refinance your house. You can even refinance if you want to do some debt consolidation. Taking advantage of the programs offered by the government, in the form of FHA home mortgage loan refinances, can be a great way to have a streamlined process, and to save some money. And if you already have an FHA loan, it is easier than ever for you to refinance it.



Here are some of the advantages of refinancing your FHA home mortgage loan:



ท Programs that reduce your interest rate at no cost



ท Options that allow refinancing your FHA home mortgage loan at no cost



ท The credit qualifications and the income qualifications are more lenient than other lender qualifications.



ท It is not difficult to switch from an ARM to a fixed rate loan.



ท There is no hassle in lengthening or shortening the term of your loan.



ท Refinancing your FHA home mortgage loan can allow you to consolidate first and second mortgages.



ท You can also take advantage of "cash out refinance" options to consolidate your bills.



ท The closing costs are regulated by the FHA, and are often lower than the costs associated with other lenders.



ท Even if you have had a bankruptcy or foreclosure, you can still take advantage of refinancing your FHA home mortgage loan.



However, you do have to wait at least two years for a bankruptcy and three years for a foreclosure.



ท You can get financing for up to 97% of your home's value



One of the great things about an FHA refinance loan is that some of these features are available even to those who do not already have an FHA loan. Even though if you are refinancing your FHA home mortgage loan you will have a more streamlined process, you do not have to actually have an FHA home loan to take advantage of the refinance.



You may have a little more difficult time, but you can still refinance with an FHA home loan.

Mortgage Brokers and Realtors Team Up With the Help of a Colorado Web Design Firm

Denver, Colorado (PRWeb) August 20, 2003- The bumpy road the economy has taken lately and the recent increase in interest rates have caused both Realtors and mortgage brokers to search for new ways to bring in leads and generate new clientele. A Colorado based web design firm, Internet Media Consultants, has developed a program where both mortgage brokers and real estate agents can benefit by a strategic partnership.







Mortgage brokers are able to recommend that a Realtor has a website designed by Internet Media Consultants, and in exchange, the Realtor will refer all of their clients who need a mortgage loan to that mortgage broker.



In some cases, the mortgage broker even invests in the design and hosting of that website, just to secure a steady channel of leads are directed to him/her only. โ€œComing from the mortgage industry, I have never seen anyone facilitate a strategic partnership between these two entities quite like this.โ€ said Jason Christiansen, founder of Internet Media Consultants. โ€œThe benefits to both parties are immense. Every Broker or Agent I approach with this idea can't believe what a simple and effective lead-generation tool this is.



โ€







Real estate professionals are provided with a website that incorporates cutting edge technology to propel their business ahead. A real estate website enables the agent to display property listings (complete with photos, information, even a virtual tour of the property) with a powerful, user-friendly database, and it instantly uploads onto their website. This powerful yet simple tool amplifies a real estate agent's leads from local to a national platform. Each design and hosting package includes 170 pages of mortgage information and 16 interactive calculators, a free listing in a state specific real estate directory on multiple consumer websites, and a 24/7, interactive resource for their customers to check interest rates, prequalify and apply for a loan.



These loan applications are what the partnered mortgage broker is looking for.







About Internet Media Consultants:



Based in Littleton, Colorado, Internet Media Consultants specializes in internet and website consulting services, mainly in the real estate and mortgage arena. Their services include website development, web hosting, search engine optimization, internet marketing and database applications.







CONTACT INFORMATION:



Nikki Christiansen



Internet Media Consultants



888-226-9370



303-978-1536



http://www.



imc101.com

How to Avoid Loan Modification & Foreclosure Rip Offs

With the rise of homes that are going into foreclosure into today's real estate market, more and more scam artists are preying on uneducated home owners with empty promises to save their homes from foreclosure.



Most information nowadays are accessible by lead companies, so when you are late on your mortgage payment, your lender reports your late payments to the credit bureau's and they turn around and sell that information to companies such as Foreclosure Rescue Firms and once the foreclosure process starts then this information becomes public record which is free information for these con artist.



These Foreclosure Rescue Firms prey on individuals in foreclosure as they know they are very vulnerable. So they compile a list and then start contacting home owners the following ways: Door knocking and approach home owners in person, send letters or post cards via mail, email and some even hire telemarketers in India to contact home owners via phone. Usually they will use sales teams that can sell ice to an Eskimo and will tell the home owner just what they want to hear, whether it's true or false.



Here is a list of some of the more common scam type Schemes:



- Lease-To-Own - They will ask you to sign over your title to their company and in return they will catch up the mortgage payments or refinance the property with better financing terms, which will allow the home owner to stay in the home as a renter and they will give you the option to buy back the property normally in a 1 - 2 year period. The intentions of most of these companies are just to get your home, as they know you wont be able to afford the new payments as they are normally higher than you were paying before, or they know you wont be able to qualify for financing within a year or 2.



- Bankruptcy - It's important to understand that bankruptcy does not stop foreclosure, it only temporarily delays it. Over 66% of people that file bankruptcy don't complete the plan, which places them back into foreclosure. Not to mention that bankruptcy will negatively impact your credit from years to come.



- Government Imposter Programs - There are a lot of companies that market themselves to appear as government affiliates and may use similar names that sound like actual government agencies.



If you do qualify for a government program you lender will know, so contact them.



It's important to understand that your mortgage lender has many options available to help you avoid foreclosure. A lot of home owners stop communication with there lender once they start falling behind to avoid the collection calls and never get to find out about the options that are available to them to save their home.



If you are going to hire a company to get you out of foreclosure and they are requesting an upfront fee, you will need to proceed with caution.



You will need to do some due diligence and thoroughly research this companies back ground and credentials. Ask for references and don't just go by testimonials that are written on their websites, as anyone can write these testimonials.



Both your lender and other government agencies can provide similar services at no charge to the home owner. The first step is to contact you lender and they can refer you to a government agency in your area.

Leaving The Perfect Message

When selling your product face to face with a customer, they have no choice but to hear you out completely. Ask yourself this question, If they were listening to you describe your product on their personal voice mail, would they hear you out, or would they delete you?



Never leave someone a message just to leave them a message. Your goal should be to get them to call you back.



In the twenty first century, there are very few telephones that are not being directed to a voice mail service. In fact, many people prefer that you leave a message, so they can get back to you at their own convenience.



Lets face it. We all screen our calls from time to time.



This is why it is so important to have the necessary skills to leave a perfect message. A message that will make your prospective customer want to call you back.



Imagine if you were reading this article, and every other word was "umm" or "ahh," most likely you would not continue reading it. Well, the same applies when you leave a message on someones answering machine, except in this case they hit delete.



Leaving a message on someones answering machine is probably the only time when you will want to leave out all of those sales terms we love to use, such as, "exciting" and "act now.



" It gives the customer the impression that you are a solicitor and they will delete the message almost immediately.



Less is definitely more when it comes to leaving a professional message.



When leaving a message, get right to the point, state your mane, the company you are with, and why you are calling. End the message by leaving your name again, along with a contact phone number, asking them to call you back at a time convenient for them. You also might consider a tag line such as "I look forward to hearing from you soon.



"



When you make the call, smile the entire time you are talking, the customer will hear an up beat inflection in your tone of voice. Just don't be cheerful to the point of being cheezy.



Put together a script before making your calls, go over it several times until it becomes a rhythm and rolls off the tip of your tongue. This will enable you to weed out all of the "ums," "ahs" and breaks in sentences, giving your voice a tone of confidence.



Once you have gone over your script, and have become comfortable with it, practice by leaving messages on your own answering machine.



When you go home, you can listen to them to get an idea of how you sound, you can then critique yourself and make the changes accordingly.



This really is as simple as it sounds, give it a shot, and I guarantee you will see an increase in returned phone calls.