One of the most notable features of Britain's strong economic performance has been the revitalisation of its regional cities. Not only have their economies improved, but so too have their appearances, with many prestigious new buildings being constructed and vast numbers of new flats and apartments appearing, with plenty of people wanting to enjoy the city centre lifestyle to fill them. Yet this has mainly applied to city centres and fashionable...more
Question: What is usually required for a down payment on a land loan?Answer: When looking for a land loan and trying to determine what you might need for a down payment you can typically expect a range between 20% to 40%. Each land lender has different parameters, but we have listed 3 key factors that usually hold the most significant value to land lenders when determining what you may need for a down payment on a land loan.1. Repayment...more
Depending on who is your target market, you should really consider adding coupon codes into your system. The majority of the commercial wholesale or discount related stores just provide the regular retail price or a discount already integrated. There are certain shopping carts that already have this featured integrated into the system. For example, not only it can help you increase your revenue, setting one of those systems in your domain name and website could help you save even more time as these systems usually carry more features and benefits from an admin panel. Adding a coupon discount depending on who your target market is could probably benefit your overall revenues starting from day one. One of the ways you can integrate coupons into your website is by using it on your pre-checkout area where customers are counting all their products into the system. Having a coupon code of let's say for good of example, a 15% discount which is usually regular with top companies, can provide you a boost in shopping cart abandonment if you don't mention coupon discounts in the first place.One of the strategies you can use is setting up a script within your shopping cart that can track the...more
For many people, living a debt-free life is just a dream. There's no chance that they will be able to reach such a place. The problem with this idea is that it is a failure to understand what it takes to attain a debt-free life. Often, it comes down to a lack of sound strategies for addressing the problem and achieving results. So many Americans...more
Online banking is a fairly established practice in our internet-saturated world. Many people are making use of the unique and convenient options that online banking services provide. Yet, if you are a bit behind the times, but still considering the idea of upgrading your current banking practices, internet banking may be the right move. But what if...more
We all know that referrals are considered the "holy grail" of the mortgage business. They're an easy sell, and customers are less likely to shop around. But, the reason why most loan originators don't get a lot of referrals is that they don't know how to cultivate them. It takes time and an ongoing commitment to building relationships.If you're just starting out or don't have a large base of past customers to draw from, consider joining a business networking group. They're a great place to mingle with business professionals from other industries, especially if you work from home. And, everyone is there for one reasonto help each other generate referrals. It's a win-win situation!Keep in mind that most business groups have strict rules on attendance and meet early (usually between 7-8:00AM) before the day has started. And usually only one person from each profession is allowed to join the group. Unfortunately, there's only one loan officer position, and I must tell you that these spots go fast and are rarely given up! Ouch! With 30+ people giving you business on an ongoing basis, you can see how powerful this can be!Here are some business networking organizations to...more
The following story was shared with me recently, it's been circulating around the net for years and I now share it with you.In the United States of America lies a large industrial city which is the sight of one of the world's largest slave labor...more
No matter how successful you are, or how many loans you have closed, you should expect hiccups. No loan every goes as smoothly as you think it will. And with all the third parties involved on any one transaction, you can and WILL have problems.Here...more
Being a salesperson is never easy. To sell effectively, you must to be willing to do things that challenge you. No top producer has ever reached the upper ranks without first moving outside their comfort zone. Someone recently sent me this poem...more
In my last article, I covered the two main ways to start your own mortgage company. One way, was to go it completely alone apply for your own broker's license, set-up all the relationships with the various lenders, handle all the back office stuff...more
I got a call from a loan officer in Lansing, Michigan recently and he called to tell me that he was an avid reader of my newsletter but was giving-up and throwing in the towel. He said he was burnt-out, tired of chasing realtors, and dealing with...more
A couple of weeks ago, I mentioned the idea of approaching "for sale" properties (both FSBO and MLS listed ones) as a lead generation strategy. Here is a quick excerpt from the article entitled "Double Dipping Just Like The Real Estate Agents...more