Sounds like old fogies like to give everything away. At least for me. Been in it for a while and like selling biweeklies. It forces the customer to make the payments biweekly. We even tell them it forces them to do that. We sell biweeklies on 75% of the loans and close about 40 loans …
It is extremely important to cultivate and maintain purchase relationships with referral sources, i.e.: Agents/Builders/FSBO marketing plan/manufactured housing dealers if applicable/investors, etc. Of course this is under the understanding that this is sometimes a cyclical business and when the refi’s go away, they go away abruptly as the rates increase… Go after them now, but …
How many of you out there are new in the business, and only got into the business because rates and business were great?? From some of these emails I see, I take it this fits a lot of you. Do those of us that have been in the business for years a favor and do …
The bi monthly idea is usually not a good idea. First of all you get charged for doing it. You can do it yourself by setting up an automatic draft. Have the bank transfer every two weeks the amount you want sent. Then once a month have your payment for the house taken out. Essentially …
does anyone have any info on who to call to get more info for a cleint on bi monthly payments plans……. Tell them to do it themselves (pay 1/12th of their monthly payment extra each month) and it does the same exact thing, i.e. 1 extra payment per year, pays off in 23 years instead …