Articles

Mortgage Refinance Live Transfers | Mortgage Refinance Leads Transfers in USA

by Steve Smith Buy Qualified Leads - Live Transfers - Closings

Mortgage Refinance Leads

Improve the quality of your mortgage leads and close more loans. Maximizing the return on investment of your mortgage leads is essential at all times, but never more so than in a challenging economic environment.

Now you can increase your margins by targeting only the types of mortgage leads you need. Experian's mortgage leads generation delivers a targeted list that provides you with the most commonly requested home/mortgage data selections available. There's no need to sort through hundreds of field selections. We've put all the data you need at your fingertips.

What is Mortgage Refinance

A mortgage is a loan used for real estate. They're available via banks, credit unions, and online lenders. Hundreds of billions of dollars worth of mortgage loans are given each year. But, mortgages aren't one-size-fits-all. Mortgages can be customized. For example, you can choose the number of years in your loan (i.e. term); you can choose the nature of your interest rate (i.e. fixed-rate or adjustable-rate); and, you can even choose what you pay in mortgage closing costs. Your needs as a homeowner today, though, may be different from your needs tomorrow. In the future, you may not like mortgage terms you created for yourself.

3 types of refinance mortgages

Refinance mortgages come in three varieties - rate-and-term, cash-out, and cash-in. The refinance type that's best for you will depend on your individual circumstance. Refinance mortgage rates vary between the three types.

Rate-and-term refinances

In a rate-and-term refinance, the only terms of the new loan which differ from the original one are the mortgage rate, the loan term, or both. Loan term is the length of the mortgage.

For example, in a rate-and-term refinance, a homeowner may refinance from a 30-year fixed rate mortgage into a 15-year fixed rate mortgage; or, may refinance from a 30-year fixed rate mortgage at 6 percent mortgage rate to a new, 30-year mortgage rate at 4 percent.

Cash-in refinance

Cash-in refinance mortgages are the opposite of the cash-out refinance. With a cash-in refinance, a refinancing homeowner brings cash to closing in order to pay down the loan balance and the amount owed to the bank.

The cash-in mortgage refinance may result in a lower mortgage rate, a shorter loan term, or both. There are several reasons why homeowners opt for cash-in refinance mortgages.

The most common reason to do a cash-in refinances to get access to lower mortgage rates which are only available at lower loan-to-values. Refinance mortgage rates are often lower at 75% LTV, for example, as compared to 80% LTV. Click to know more about Mortgage Refinance Live Transfers


Sponsor Ads


About Steve Smith Freshman     Buy Qualified Leads - Live Transfers - Closings

12 connections, 0 recommendations, 41 honor points.
Joined APSense since, March 26th, 2019, From New York, United States.

Created on Apr 8th 2019 01:43. Viewed 334 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.