Posts Tagged ‘Mortgage’
How Digital Payment Solutions Can Streamline Mortgage Payments for Borrowers
The mortgage industry has long relied on traditional payment methods such as checks and Automated Clearing House (ACH) transfers for loan repayment. However, these conventional approaches are increasingly proving to be inefficient. They are also slow and burdensome for both borrowers and lenders. As a result, the industry is shifting towards a more modern and…
Read MoreMortgage Referral Business: A Winning Strategy
In the mortgage industry, staying ahead of the game is vital for achieving success. Referrals are important for the growth of a mortgage company, and these referrals can be generated with the help of a tailor-made tool. These Customer Relationship Management tools (CRM) assist mortgage brokers and lenders to streamline their client interactions and establish…
Read MoreReverse Mortgages: The Pros and Cons Explained
A reverse mortgage is a unique type of loan that allows seniors to unlock the equity in their homes and access funds without having to make monthly payments. You might have heard about it before, but do you really know what it is all about? In this blog post, we’ll be discussing the reverse mortgage…
Read MoreIs There a Looming Foreclosure Crisis Facing the US Real Estate Market?
Although the COVID-19 pandemic itself has yet to officially end, a number of programs that have assisted US homeowners to endure its initial onset and impact have. For instance, the foreclosure moratorium, which according to Fortune magazine, “prevent[ed] foreclosures of federally-backed mortgages,” ended earlier this year on July 31st. Similarly, the ability for homeowners to…
Read MoreSelf Employed? 7 Ways to Qualify For a Mortgage
If you’re self-employed and you’re wondering if you would qualify for a mortgage, then yes, it’s possible. However, as a self-employed person, getting a mortgage is more difficult and challenging compared to employed individuals. Lenders, in general, are concerned about whether self-employed individuals can repay their loans consistently. They need to see that you have…
Read More10 Things to Know Before Buying Investment Property
Buying an investment property can be a very lucrative business. There are numerous examples of people making significant gains and profits through a real estate portfolio. But it can also be a highly risky use of your money. And regardless of the size or type of property, your plan to invest in it will almost…
Read More