Eight Truths About Mortgage Brokers That Will Encourage Your Business

We cannot understand the present unless we understand the past. The first question to be asked is when did the real estate crisis become inevitable? The correct answer is in the time period between 1980 and 1982. It has been forgotten today but the last real estate crisis in this country were the twin real estate crises of the 1980s. In the early 1980s the first crisis was brought on by double-digit mortgage interest rates. Then in the late 1980s there was the savings and loan crisis, which in those days provided most of the nation’s mortgage capital. In response to these twin crises congress passed two laws that made today’s real estate crisis inevitable.

I’m not saying to ignore your downline. But your time is valuable and babysitting will never get your business off and running. Spend a few hours getting your new distributor up and running and then set them free. Work only with the very small percentage of leaders who are rockstars and want to build their business fast. All the other members of your downline can be directed to training videos you either do live, or setup in advance.

It is unlikely the value of our house will decline in the future since the Washington, DC metro area housing market has always been fairly stable and strong.

Get out and start talking with people. I tell my new distributors to stay away from family and friends. Go find the people who are business owners, or self employed. People like real estate agents, mortgage broker, and insurance agents. This group of people understand how to work for commissions and will be a more receptive and eager to succeed.

The lender is paid additional fees. Knowing what these are and comparing them is part of making sure you find the cheapest loans. You might have to pay the lender for underwriting the loan, processing it, preparation of documents and a courier. If you engage the services of a Mortgage Broker youll have to pay her or him as well.

So if you have been denied a mortgage and said to yourself I need to fix my credit to buy a home keep reading because there are some useful tips below that can help you fix your credit and buy the home you want.

A preview call is a call advertising a later, larger event. It is usually free, thought you can also have a paid preview call. For this type of teleseminar you want to give as much good information as possible, If you are previewing a weekend event, you can’t possibly give everything you are going to cover in one hour. So choose a few topics and give some great information, then tell them about the upcoming event. Don’t make this an infomercial about how great the event will be- show them how great it will be by giving them a great call.

Now just because I said start offline first, that does not mean you cant start to get your system setup to help with your Internet marketing. Here is a system that I use that all I had to do was plug in my information. This online system will help you generate 30+ leads a day.

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Eight Truths About Mortgage Brokers That Will Encourage Your Business

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