Maine mortgage loans is committed to helping you find the right mortgage product for your needs in Bangor. We understand that every borrower is different, and we off a varity of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
This mortgage rate quote form will take approximately 60 seconds to complete. Here's how our service works:
1. Complete our short form below
2. We will search hundreds of mortgage lenders and thousands of loan programs in our database
3. You will then receive quotes from up to 4 competitive lenders in your state
4. You choose the mortgage lender with the best rate and loan terms and save money!
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Our fast Mortgage application will help you find the perfect lender. It takes only one minute
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.
The mortgage industry accounted for $1,815,949,279,000 in loan
transactions in 2004. That's one trillion, eight hundred and
fifteen billion, nine hundred and forty-nine million, two
hundred and seventy nine thousand dollars...in one year!
Mortgage brokers average better than 1% commission on every
transaction...so a conservative estimate is $18,159,492,790 to
the mortgage industry in commissions last year. Eighteen billion
is a lot of money to go around.
Consider a profession that doesn't require any formal schooling
yet offers a six-figure plus income potential to any broker who
wants it.
Here's how the business works...
A mortgage broker acts as the middle man between a borrower and
a lender. The broker bridges the communication gap between the
technical requirements of the lender and the non-technical
demand of the borrower. And here's the best part...mortgage
brokers get a cut of every loan they close.
The upside for this profession is nearly unlimited. Once you've
reached a high monthly income level from your mortgage
commissions you can move into other areas of the business and
make huge amounts of money.
Buying second mortgages, funding choice loans yourself and
buying real estate investment properties are just a few examples
of the opportunities for expansion that are available to
successful mortgage brokers.
If you're ambitious and want to become truely wealthy this
industry will afford you every opportunity to do so.
The mortgage industry does, however, require that you master
three important skills before it will reward you with success.
You have to be able to sell.
This is ultimately a personal business. You will be dealing with
people every day. Knowing how to relate to all kinds of people
to make sure they are comfortable during an unfamiliar and very
important process is vital. Sales skills are essential to your
success as a mortgage broker.
Prior sales experience is helpful but not necessary. Regardless
of your sales skill level you should commit to continuously
learning everything you can about sales.
You have to understand loan processing.
Processing a loan is an exercise in navigating a bureaucracy. It
takes patience and a different mindset than you need when you
deal with your clients. Put in the effort to make the personal
relationships with decision makers at your favorite lenders...it
will pay off in concrete, financially measurable, ways.
The best way to establish yourself as a professional is thorough
expert knowledge. Study the loan process from front to back and
really learn the in's and out's of funding a loan. It will give
you insight and perspective on the business that will enable you
to offer better service, faster closings and a smoother process
to your clients.
You have to use effective marketing.
Without effective marketing you won't have any prospects to sell
to. It's the marketing that brings in prospects. Your mortgage
business, indeed...all businesses, depend on it for their very
survival.
But marketing can do much more for you than help you survive. If
done carefully, methodically and scientifically, marketing can
propel your mortgage business to levels of financial success you
never dared imagine.
Effective marketing can build a mortgage business into a cash
cow...sales and loan processing can't. The greatest success in
the mortgage business can be had the quickest by mastering the
art and science of mortgage marketing.
This is a great industry. It offers all the opportunity you
could ever want. True wealth awaits those who apply proven
methods to their mortgage business.
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Download your free copy of the mini-eBook "How To Become a
Mortgage Broker". Gain valuable insights into the mortgage
industry. Learn veteran mortgage broker techniques and
strategies that are making successful brokers millions in
commissions right now.
Click Here to Get Your Free Mini-eBook
http://www.TheMortgageBrokerBook.com/freebook.htm
About the author:
Owner of Alexander Publishing - an internet information company.