1. Consolidation Loan Leads
Second Mortgage Lead are used by most consumers to borrow money for home repairs, refinance high interest rate debt or put down less money on homes. Second mortgage interest rates are greater than first mortgage interest rates. Homeowners who are looking to refinance to a long-term loan with a lower interest rate than the current blended mortgage rate can get great assistance from mortgage experts.
To identify MBD mortgage leads UK, the information required is the following: homes in which the homeowners have multiple loans and where the loan-to value ratio is less that 80 percent. This sample list of PMI leads for Florida contains approximately 378,000 leads to loan consolidation.
2. PMI Elimination Leads
PMI, also known by private mortgage insurance or PMI, is an obvious strategy for 2022. Consider reaching out to all customers who have had loans in the last three years, and telling them that you are saving the loan. The savings can be hundreds of dollars each month depending on the amount of the loan. The elimination of the PMI in 2022 will reduce mortgage rates and help customers save more money. Referral businesses could benefit from monitoring past loan customers.
3. HELOC and Cash-Out Prospect Leads
It’s not uncommon to hear about buyers paying too much for houses in 2021 due to fierce competition. Owners often found it difficult to make the repairs they requested or required in order to close the deal. The increase in equity means that even new clients can get HELOCs. These loans allow homeowners to repair their homes, pay off expensive debts or even pay college tuition fees.
4. Cash-Out Refinance Opportunities
Contrary to cash-out refinances or the HELOC, cash-out loans lock at the current rate of interest for the term. Depending on how the customer plans to use the funds, regardless of whether mortgage rates rise or loan rates increase, it could be substantially higher than what the client will need to pay for credit card debts or other expensive debts.
Information used to locate cash-out refinance opportunities is based upon properties with at least 30 percent equity. This sample list of Missouri cash-out refinance leads includes approximately 1.2 million leads from loan sources.
5. Leads for Renovation Loans
Some homeowners prefer to renovate their homes and make improvements instead of having to move. The age of the house is a key criterion for identifying leads in the field renovation loans. Products such as the Fannie Mae Home Style Renovation Loans and Freddie Mac’s CHOICE Renovation mortgages are examples of products that can be used to renovate homes. ADUs (or accessory living units) are being proposed by some states to address the housing crisis. Two loan strategies that homeowners could use to get funds for second units include renovations and refinancing cash out. These units can be used for both an office at home and as flexible space for elderly parents, or as a source for extra income for the whole family.
6. Reverse Mortgage Lead
Every day, 10,000 Baby Boomers are retiring. Seniors on a fixed income can’t deal with inflation as well, so their homes might be a good source for income to help those who are retired.
Reverse mortgage leads are only available to those over 62 years old with a loan-to-value of less than 50%. This sample list contains reverse mortgage lead leads from Georgia. It shows the potential for 717,700 loans.
7. Cash-Out Refinance Available for College Leads
Due to the elimination standard testing standards during the pandemic, the UC system has seen record number of college students. You can focus your home equity and parents looking for an affordable way to finance their education.
If the homeowner has children 16-17 years old, the equity ratio used to determine leads for college loans is 30%.
8. Bulk Refinance for Landlords
The majority of investors who purchased rental properties in 2009 bought them at a lower price than replacement cost. Flip investors and loan originators know that investors can be great leads for flipping properties or selling to owners. However, landlords are also a profitable avenue. Landlords who manage rental properties can save thousands of dollars per month by refinancing them with old or hard-money loans at lower rates of interest. Refinancing portfolios can be time-consuming, but the benefits are many.