Explaining Nationwide Home Mortgage Loan Companies

Benefits of choosing Nationwide Home Mortgage Loan Companies:



Certain benefits given by these companies attract a lot of people. People enjoy some extra advantages as compared to ordinary Mortgage Loan Companies; it is because of their size and coverage. People dealing with these companies take themselves to be better than the people dealing with other companies.



The most important benefit people get with Nationwide Home Mortgage Loan Companies is that they can easily get second mortgage loan for the home situated in another state with the same company.



This is not possible with other companies as they do not cover that much of area.



With these companies you get chance to save on processing costs like credit report fees and others because you can borrow second mortgage loan from the same company. As these companies are wide they also provide information about mortgages and properties in other states. On the other hand with other loan companies you will have to spend your time as well as money to collect information.



Since these companies have big size and coverage, they allow more flexibility in addressing the needs of the borrower no matter where he or she is situated in the country. With these companies you are not confined to a small place, you can buy home anywhere, where these companies have their coverage.



Precautions should be taken before choosing Nationwide Home Mortgage Loan Companies:



No matter these companies have hell of benefits for the borrower homeowners but even then there are some precautions which should be taken by the people before signing any document.



People must check the legitimacy of the company before signing any document. There may be some fake companies which can allure people. People must care because these are secured loans and their property is at stake.



People must search well before finalizing a Nationwide Mortgage Company because there are many companies available in market and these companies' offer loans at competitive rates. Then, your labor of searching will lead you to get home loan at reasonable rates.



People must also check if there are any hidden prices imposed by the company which may trouble you later.



All the enquiries made in advance will lead you to get the Home Mortgage Loan at reasonable rate and with many more benefits.

Mortgage Calculators Perform Various Calculation to Help You Save Money

Once you have come to a decision to go for a mortgage, there are a number of things that have to be mulled over. The most significant thing is to plan it right. Your affordability, how much loan you will be able to get, type of interest rate you should decide on, what will be the down payment and so on. It is very usual that you will have a lot of doubts given that you cannot construct or buy a home every so often. It requires an investment of a lifetime and therefore has to be handled with extreme care.



A few mistakes committed while planning finances can have a negative effect on not only your savings but also can leave you with a damaged credit record. Furthermore, you might not be eligible for any type of loans again with better terms. Therefore, it is necessary that you make best possible utilization of mortgage calculators since they are significant financial tools and can be very handy to you to be regular with your monthly mortgage payments. There are various mortgage calculators that perform different calculations.



A few of the commonly used calculations are discussed below.



Rate of interest, payments for your existing debts, income and the like help you to come to a decision on the amount you are qualified to borrow. Calculate to realize what should be your income so that you are eligible for mortgage. As soon as you are involved in purchasing a home, how much you can borrow is a very important issue that has to be answered. Make a note on your affordability of the mortgage with the help of a mortgage calculator.



Interest-only calculation assists you in the early years of your loan tenure. You can decide on paying just the interest to begin with and in addition make some payment towards the principle amount. On the other hand, if you are choosing this payment method, you will have to repay the principal amount in a shorter time-frame. It could raise your concluding payments to a significant level. In case of fixed rate mortgage, your monthly payments can be calculated and you are familiar with the amount you have to repay the whole loan tenure.



In case of variable rate mortgage, your interest rates might be low at first however; they are not foreseeable and can be extremely high at some point. Make use of the Fixed Rate Mortgage or Variable Rate Mortgage calculator to choose the kind of interest rate that goes well with your requirements.



If you decide on a 15-year mortgage plan, you will be paying less in interest rates however; the payments you make every month will be substantially high.



In contrast, if you are deciding on a 30-year mortgage plan, the amount you will be paying every month is low however; the rate of interest will be extremely high. As a result, by the time you repay the complete loan amount, there is a chance that you may well have paid a number of times over what you in reality took. In this circumstance, the loan term mortgage calculator can assist you to make a decision. It is significant to be familiar with the overall cost of the loan you are taking.



To find out the entire cost of the loan, the APR or the Annual Percentage Rate mortgage calculator can be of great help.



You can find an online mortgage calculator very easily by just logging on to the internet and searching through your favorite search engine, these free online mortgage calculators are of great help in calculating all the above calculations and answer all your queries on mortgage, so that you are able to make a wise decision.

Closing the Sale

What is Closing?

I recall the day effortlessly. I'd been busy selling mortgages to customers of an estate agency in the 1980's and we had a new National Sales Director appointed. Now he was a pretty fierce individual. A big man with an equally big voice who had a reputation for reducing sales people to tears if you ever crossed him.

He came to visit us all on a one to one basis to see how we were doing and to get to know us, I guess. But I wasn't looking forward to the meeting.



You see up until that moment, selling mortgages in the estate agency was really easy. I'm certainly not bragging here…I was very young and people just wanted me to arrange their mortgage and policies. They asked me to do the business and I just gave them information and advice and filled in the forms. It was a gravy chain. It was a massive property market with fewer players than there are today.

Then it all stopped. August 1998 it was and the market collapsed and selling mortgages became depressingly difficult.



In our meeting the sales director asked me lots of question about my selling process and could see that the previous year I had arranged hundreds of mortgages for customers. Next he asked me how I closed the sale. I had no idea what he meant and it was obvious. He then asked how I got people to commit. Again I had no answer. "I guess they just did it" was my meek reply. He then stood up and in a forceful gruff voice shouted, "well in this new market you might as well give up selling then" and he stormed out.



Expecting the sack imminently I was pleasantly surprised to see my name on the next sales training enrolment list. Yes, as you can appreciate Paul Archer was whisked off for some sales training where everything became very clear.
In sales you have to close the sale. That's it. Fullstop. Closing is the one skill that every sales person, what ever you're selling, just has to do.

But that's the problem, as I see it. Closing the sale has become synonymous with slick sales'ey types. Sharp suits and sharp closing techniques.



The books and tapes cry out for you to "close the sale", "overcome objections", "win the sale", "ask for the order"…and it all gets a little too much for the average sales person.

So I'd like to give you my take on closing the sale. A method which you'll not notice that you're actually closing the sale according to the tapes and sales books out there. A method in which the customer doesn't know they're being closed and no fancy technique is being used. It's clean, tidy, easy to do and incredibly customer focussed.



And that is what rapport selling is all about.

It's like eating soup…

Eating Soup

For lunch my wife and I had her home made turkey soup. Yes, you're right, Christmas wasn't long ago and the carcass has been boiling on the stove all day. My wife's turkey soup is famous because it feeds my whole family for days and is absolutely delicious.

Eating the soup is like closing sales. There's no way I'd ever dive into the soup, take an enormous spoonful and gulp it down. I'd scoop up a little, blow on it, feel the steam with my top lip, take a sip and only then would I take a decent mouthful.



Closing the sale is the same concept. You wouldn't go charging in would you?

"Would you like to sign the paperwork now, Mrs Brown" you say five minutes into the sale. You'd end up with a handbag around your chops!

No, you'd wait until Mrs Brown was ready to buy your product or service and only then would you ask. You have a much better chance then of getting a yes rather than a refusal. And nobody likes to be refused, which is another reason why plenty of sales people don't ever ask for the sale…they don't like to be rejected.



If you test the soup first to see how hot it is, you'll not burn your tongue. Likewise if you test the customer first, you'll not spoil the deal. So how do you do this?

It's like dating in your early teens. Before you asked the person out for the date of their dreams you checked with their friends to see if they were seeing anyone else and you might even have spoken to their best friends to assess your chances. Only then did you pluck up enough courage to ask them out.
People that didn't follow this rule were either really successful in the dating stakes or had red cheeks from all those slaps!

Now I do know of salespeople who are like this.



They are so hardened to rejection, that they don't really care any more and just ask everyone. The double glazing cold calling merchants are like this. You say "no" so they go onto the next customer…eventually someone is going to say yes.

But I don't like to teach selling that way…I like to enjoy my job and the rapport we build with customers.

It's all about asking questions…

It's all about asking questions

The three types of questions you will want to ask leading up to the close are testing questions to feel the temperature of the soup, trial questions to taste a little of the soup and then closing questions to drink the soup.



Testing questions

Throughout the sales meeting you'll want to see how the customer is feeling about your product or service. Are they warming to you and the product or not?

You can tell all is going well verbally and non-verbally. Verbally the customer is replying to your questions positively.

"How do you feel about those benefits?" "They sound good"

"Does it all make sense so far?" "Yes thank you"

"Have I missed anything you'd like to know about?" "No, everything's been covered."

Non verbally the customer will be leaning forward, attentive towards you, giving you appropriate eye contact.



The opposite here is leaning backwards and various limbs crossed
Try placing documents or brochures in the middle of the table. If they take them, this is a sign of non verbal acceptance

These verbal and non verbal reactions are known as buying signals in the trade. You need to see them happening right in front of you so turn on those observation and listening skills.

Trial Questions

Back to my dating analogy, I remember when I met my wife at a party for the first time. Obviously she wasn't my wife then! "Claire" I said getting terribly tongue tied, "hypothetically speaking, if I was to take you out one evening, would you have any objections?" She accused me of being a lawyer at that moment and I nearly blew it completely.



15 years later we now laugh about my ridiculous trial close. Although not very elegant, it worked. It made her laugh and she said she would say yes. So I did and here I am today happily married and with three children too.

The same process needs to be followed in sales. You've tested the water and now need to be sure the customer is ready to say yes. As before you can do this verbally and non verbally.

Questions are needed here which serve as trial closes. A few questions need asking such as:

"Is this what you had in mind"

"Does this fit your budget?"

"If I can arrange that for you, would you be interested?"

"Are you OK with the whole package?"

In many cases your questions will throw up "no's" or "I'm not sure" or "I'll let you know".



Dealing with customer concerns deserves more time spent which I'll give you later. But the best learning point here is that concerns or issues that are thrown out will tell you how close you are to the final close. If you have too many concerns from your customer, they're not ready to buy so you'll want to go back to more benefits or re-analysing their real needs. Get yourself into reverse gear

Non verbal trial closing is great fun. My favourite is to place the contract or application form or whatever needs signing in the middle of the table for them to take.



A sure sign they want to go ahead.

The other non verbal trial close is silence but you need to combine this with a question. For example:

"If we got this going for you, would you be interested in going ahead right now?"

Next you go siiiiiiiiiiiiiiiiiiilent.

Closing Questions

When I've tested the temperature of my wife's soup, taken a sip, I then have no hesitation in taking a really big spoonful and popping this straight into my mouth. Mmm…this tastes really good. I just know it's going to be delicious.



In the same way when selling, if you've tested the customer for a buying signal, trialled some questions with them, then you just know they're going to say yes. You just expect or assume they'll buy.

So phrase your closing questions assuming they'll say yes.

"Let's go ahead then?"

"Shall we fill in the forms straightway then?"

"Shall we get the ball rolling then?"

"Would you like me to fill in the application form for you now?"

"How would you like to pay?"

Remember to go silent just after you've asked the final close question.



Look at them, smile and wait. Easier said than done I know. Silence can be very loud in these situations but you need to keep quiet.

Some salespeople like to have several closing phrases or questions available to them and over the years we've given some strange names to these. The Duke of Wellington Close, the Half Nelson Close, the Alternative Close, the Balance Sheet Close.

Maybe another day we can talk about these if you're interested. I remember seeing a video many years ago. I think it was on the course that my fierce Sale Director sent me on.



The video was ever so old, even then. Everyone had massive shirt collars, mullet haircuts, flowery shirts and horrendous flairs in the trousers.

I recall we went through 15 closing techniques on that video. And we had to learn them all by heart.

Really you don't need these. Remember to follow the three stage process which is very customer friendly and fits the rapport selling model:

• Test

• Trial

• Close by asking to go ahead

…and you won't go far wrong. Good luck in your closing.

Paul is an international speaker, trainer, author and coach based in the UK.



He works with companies across the globe to help them increase their sales results. He specialises in rapport selling and rapport sales coaching and can ignite his audiences large or small. Get your free Sales Excellence Ebook Chapter and MP3 download at http://www.rapportselling.com

Colorado Mortgage Leads

Many prospective homeowners, who apply for a mortgage loan, approach mortgage processing firms and fill out a form of request for a mortgage loan. In turn, the mortgage processing firm sends the documentation to several lenders. The form of request for mortgage is known as Mortgage Lead. Sometimes, mortgage processing firms are also known as Mortgage Leads.

Mortgage Leads usually advertise information about the number of leads [meaning loan request quotes] and sell them to lenders.



Some leads [firms] insist on a minimum number of leads that they sell to any particular lender.

Today, as most of the Mortgage Leads [firms] and lenders have their own websites, with provision for free registration, the Internet has become the best marketplace for the lender and the borrower. Organizations such as The Mortgage Leads Network Inc. render a very effective on-line business environment for mortgage lenders and borrowers, with over 20,000 registered lenders on its website.



The websites of Mortgage Leads help both parties. Lenders register themselves in the sites by quoting their lending criteria. Borrowers, on the other hand, fill out the loan request forms [leads] at the same site. The lenders can browse through several such loan request leads in the website. If they are interested in any lead, they buy it from the mortgage processing firm. However, lead firms usually verify the lead before they sell it.

A Mortgage Lead [the form of request for mortgage loan] includes details such as date of application, personal information [name, address, city, state, zip code and phone and email ID], loan and property information [purpose of loan, type of collateral property owned, property value, loan amount sought and down payment] and any other relevant information such as borrower's age, occupation, annual income and credit report.



The borrower's chances of obtaining a loan depend heavily on the data disclosed, particularly the credit profile, as documented in the Mortgage Lead. If the borrower has a good credit profile, the chances of getting his or her dream house are greater.

Colorado Mortgages provides detailed information about Colorado mortgages, Colorado mortgage leads, Colorado mortgage rates, Colorado mortgage loans and more.



Colorado Mortgages is the sister site of Reverse Mortgages California.