Remember that rumble in your stomach when you first started in the mortgage business? That burning desire to succeed? Never get complacent. Stay hungry.
During trying times, you may be flooded with information that clouds your decision making. Making sure you are aligned with a industry expert is key to surviving and maintaining your sanity.
By starting your day with gratitude, you will find that dealing with the days problems, you’ll be able to handle a little more easily.
Let’s discuss how to quote and lock a long term rate for a single close construction loan.
Sometimes we are our own worst enemy. Are you ignoring a problem or even an opportunity? Force yourself to remove your fear and move forward.
As a mortgage advisor, you have the opportunity to become the industry leader in your marketplace for single closing construction lending. With your leadership, you can help create opportunities for your Realtors, Builders and Manufactured Home Dealers.
When you’re trying to grow your business, one of the most important things you can do is step outside your comfort zone and listen to your clientele. By listening to your clientele and understanding their particular marketplace, it will allow you not only to develop new products, it will illustrate to your clientele that you are truly concerned and have a vested interest in helping them expand their footprint.
Single close construction lending has now expanded into the jumbo arena. Prior to jumbo single close construction lending becoming available, the program was only available for FHA, VA, USDA and Fannie Mae. Make no mistake! Just with the previous mentioned options, a large segment of the new construction homebuying community was served and served well. Expanding into the jumbo market can now make construction lending more readily available in high dollar areas.
It’s true that the majority of the United States are in the midst of winter. Does that mean construction lending stops? The answer is No! Use this Down time to foster as many builder/manufactured home dealer relationships as possible. Growing your referral database, educating your partners during this downtime will help make your construction business turnkey in the spring.
There are options when searching for a loan to build your home. As a lender/broker, why is a single close construction the best option to offer your client? As a homebuilder/manufactured home dealer, are there benefits for using a single close construction loan versus a two-time close construction loan? Let’s spend the next few minutes together and find out.