Shopping Online for a Mortgage Refinance Loan
ByMortgage refinance continue to tumble, but which borrowers qualify? Unfortunately, even with a significant amount of home equity, most borrowers will not qualify for home refinancing because of the tougher credit guidelines that were recently implemented by mortgage lenders on conventional and FHA mortgage products.
Homeowners who saved up equity consider mortgage refinance loans. Many homeowners typically look toward a debt consolidation or home equity loan to roll their credit card debt or to get additional cash out. Current second mortgage guidelines do not lend to the needs of most borrowers because most do not have enough equity in their home. Credit score requirements have also been raised for equity loans, so many homeowners have been turning back to refinance loans to accomplish debt consolidation or to finance home improvements. FHA loan options remain the most popular mortgage this year.
Mortgage rates remain favorable for home refinancing. Today’s home refinance loan terms are as follows: 30-year fixed at 4.625 % with no points or a 15-year at 4.125 % with no points or fees.
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We are searching for an in-depth tutorial about mortgage lead generation, can anyone direct me to some lead companies? I have heard good things about Lower My Bills, Lead Planet and Lending Tree, but I don’t want to have to come out of pocket with a big set-up fee to get started. Our loan shop has 10 loan officers but we plan to expand to 20 by the first quarter of 2011. We are interested in FHA leads. (streamline, cash out and refinance leads)
Best Regards,
Noah Stones
Marketing Manager
Mortgage Refi Quest
Online mortgage lead generation is very important to loan shops that want to maximize their marketing dollars. Take advantage of our lead incentives for brokers and lenders in all 50 states.