Wealth Education Central

Scott Tucker

Scott Tucker tells you more on his free audio CD, free e-book, free faxed report, & free telephone seminar, all available for the asking, at http://www.MortgageMarketingGenius.com.
http://www.MortgageMarketingGenius.com

 Articles by this Author

Mortgage marketing as a first job is easier than you think especially when you consider the tips below.

Make Liberal Use of Headlines

Don't make a presentation, brochure, or even a simple calling card without making use of headlines. Unless your name is Donald Trump, having your full name spelled out in calligraphy won't warrant a second glance.
Success in the mortgage marketing business is not only seen in the amount of sales you generate but also in the degree of loyalty your clients feel towards you. Be the ideal mortgage broker by helping your clients survive potentially damaging Fannie/Freddie resets.

Reset Fears
Last year, speculations about ARM resets began to circulate, causing homeowners to be in a state of fear and confusion.
The mortgage industry is one that you can also earn a lot of money from as a marketer. Of course, you'd have to understand the different types of mortgages first, and one of the most important types you'd have to concentrate on is reverse mortgages.

Understanding the Basics of Reverse Mortgages
The most effective step for any marketer to take prior to selling a product is to understand what it offers, identify its market, and determine its benefits.
Mortgage marketing is a great way to make money without giving up your job - or at least not until you're earning more from mortgage marketing. Here are several tips on how to land your first deal.

The Proper Way of Answering the Phone
Image means everything in business and that includes marketing. Image is just as critical even when you're not being seen, or in this case, when someone's speaking on the phone to a prospective client.
With ARM resets and subprime trouble creating greater burdens on homeowners, now is certainly the best time to put your marketing techniques for FHA refinances to good use. You have in your hands an excellent solution to their problems. Play your cards right and they're sure to sign on the dotted line.

Benefits of FHA Refinances
Homeowners may be eligible to take out a FHA refinance loan even if their existing loan hasn't been provided by the FHA.
The key to marketing for reverse mortgages is to simply make your client understand the benefits of what you're offering, enlighten them as to what their options are, and what these options would lead to.

How to Qualify for Reverse Mortgages
The qualifications for reverse mortgages will immediately allow you to identify who your target market is.
With ARM resets having taken place and scheduled at some point in the future once more, people must take steps to prepare their finances for any undesirable change in mortgage rates. In this case, forewarned is still forearmed and you should start by familiarizing yourself with commonly used terms associated with ARM resets.

RESET
If 2006 or anytime more recent was the first time for you to take out an adjustable rate mortgage, you probably haven't any experience with resets just yet.
The FHA Secure Refinance program was created in an effort to provide greater help for people who weren't able to obtain FHA-approved loans. As mortgage provider, it's your job to let homeowner clients know when they're better off with a FHA Secure loan.

Current Non-FHA Loans
Clients with current adjustable rate loans that hadn't been provided by an FHA-approved mortgage lender can apply for FHA Secure refinancing.
The best way to market FHA streamline refinances is to make a client understand what he stands to gain by taking it as well as what he could lose if he opts for another kind of loan.

What is FHA Streamline Refinancing
The best way to think of FHA streamline refinancing is as a shortcut to taking out a better mortgage overall. People who qualify for a FHA streamline refinance loan can get their current interest rate lowered right away and usually without even having their home subjected to a lengthy appraisal first.

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