The term reverse mortgage is everywhere these days. It often appears in advertisements or appears on Internet searches. But you would not have understood what it is actually. In short, it is a unique home loan that allows home owners to convert some of their home equity into cash. The equity that the homeowner has…
Insurance is risk management. Therefore, for each type, you need to identify the risk to cover and the best way to do it. Mortgage life insurance, like other types of insurance, can be expensive, so you need to understand that the inherent risk is the same as that of general life insurance. Moreover, there are…
Loan rejections often frustrate homeowners. There are many factors that lead to online mortgage loan application rejection. This is quite common among borrowers applying for mortgage loans. However, you need to remember that rejection is not the end of your dreams. You should always retry the process when you are ready. However, before reapplying, you…
A good mortgage sales letter that generates leads from a cold list or new business from your old customer list is worth 1000 times its weight in gold. Let’s say you have a list of 50 clients and 50 leads that you haven’t converted. If you send a letter it only costs .42, plus $100…
Often, self-employed individuals and retirees find it difficult to make a choice when looking for a mortgage. This is because he doesn’t have an income statement to show, but he does have a few properties owned. If you are one of them, you might be wondering whether you can qualify for the loan. In this…
Whether an individual wants to take advantage of a mortgage, as a component of financing a new home, or decides, it makes sense, to refinance their residence, including personal finance, obtaining better rates, etc. For a number of reasons, it is important to begin the process with an understanding of certain factors, which often become…
Sometimes it’s hard to keep your farm running profitably. You may have to spend a lot to keep the farm in top shape, as well as try to make a profit. If the farm has been in your family for generations, you may not be ready to sell it even if it stands to make…
Every day we pass through hundreds of doors without thinking twice. How would you like people to be able to stop and pay attention to your mortgage marketing message? The answer is “door hanger” or if you prefer “door knob hanger”. If you’re like me, you probably prefer to close on a mortgage using the…
Owning a commercial property in the United States is the dream of almost every Canadian citizen who lives in the United States. Many of them have no idea how to get commercial finance or mortgages. Certainly, buying a commercial property in the US presents its own challenges if you are not a US citizen, but…
For granting home loans, mortgage providers verify the income source of the borrower. Typically, verification is done based on the W2 tax form. However, this can pose a problem if you work as an independent professional, such as a freelancer. This is because freelancers, owners, gig workers and contractors do not have tax forms to…