How do you market a loan?
112119
[I only know  mortgage loans]: Depends: A bank may sell the closed loan to FNMA or FHLMC [Fannie Mae or Freddie Mac, the quasi-govt agencies], OR they may sell the loan to another institution [which may do the same]--this is called the secondary market  The relationship has already been set up, so there is no real marketing involved. Mortgage BANKERS may do the same, or act more like brokers.  BROKERS receive numerous offers from wholesale lenders wanting closed loans. Both in-person and by fax/e--mail [daily], the wholesale lenders are promoting their 'buy' rates, service [like quick undewriting time] and programs to brokers. A broker may send a loan file to the wholesaler's underwriter to determine if they will approve the loan, and under what conditions, because THAT could be most important. Or the broker may contact wholesale reps, look at rate/program sheets and faxes, and make a decision. In many cases, brokers will give their business to the 1, 2, or 3 wholesalers whose service, pricing, and programs  they are most comfortable with.  There are peculiarities here & there, but that's it in a brief nutshell. It sometimes depends on the determining factor, since interest rate, 'premium' paid from the wholesaler, who has which program, which underwriter is requiring too much paperwork, or which wholesaler will even APPROVE the loan may be the determining factor.  Hope that addresses the question.
1158593
Generate your own leads, it will take you about 3 months to start generating the type leads that you are seeking but if you decided to work a ceretain area of the city in which you live and also close to the place where your home is located, you will generate leads directly as well as referrals. Work this are very diligently, become an expert in the area, become a friend of the home owners in the area. \n\nSelect about 5000 homes in one tract, send them a flyer introducing  yourself as the new loan officer for that area. Send the flyers for about 3 months, 4 if you like. You may walk the area and place the flyers on the doors of each home, hire some kids from the neighborhood to do this while your supervise, get your kids to do this and help dad, of course reward them with a meal and some change. \n\nThe flyers should give a little bio or yourself, the services you offer, refinace, first time home buyers,one or two popular loan programs you have available. Place on the flyer that you will give a referral fee of at least $250.00 per referral or what ever amout you want to give a referral fee. \n\nYou should also work the commercial shops in the same area placing the same flyers in liquor stores, barber shops and any other place that will allow you to place your flyer. You can purchase the stands for the flyers from Staples or Office Depot.\n\nAfter placing the flyers for 3-4 months in your 2nd or 3rd month you should be getting calls to your office. You should start a monthly newsletter to the same people. Your title company can provide a farm package with the names of the home owners. Your team members can write article for your newsletter explaining there services.\n\nSince you have made friends with the commercial shops that allow you to place your flyers in their shops, you can offer them ad space in your newsletter to help with the cost of the newsletter.\n\nThe $1000. 00 you would use to pay for these leads that are sold to others as well as yourself could go toward your newsletter. This would be a part of your advertising/marketing budget.\n\nYou should also establish a team of experts to work and help you in your job, a real estate appraisal, a notary, a real estate agent, an insurance agent that sell home owner's policies,your title rep, a CPA, an attorney and tax preparer. Make friends with all these people give them about 10-20 of your business cards, tell them you will pass out their card when you run across someone that need their service if they will pass out your cards when they run across someone that need your services. Give them some of your cards. This will get you referrals. You should make contact with your team at least once a week by telephone or in person. \n\nThis is very hard work, but will pay off in the long run and you will never have to pay for a lead that is sold to at least 4-5 people including yourself. Your leads will call and ask for you directly. In about a year you should be well on your way to getting loans as well as referrals from your area.\n\nI hope this has been of some use to you, good luck.\n\n"FIGHT ON
59180
I am actually a mortgage consultant. There are a few options for you. You could use a lender that does straight out 100% financing. Or, what is very common these days is doing an 80/20. You take out a mortgage for 80% of the sale price, and another for 20%, this would remove the problem of PMI(Private mortgage insurance) which is required if the loan is more than 80%. Now, if you have great credit, this shouldn't be tough to do. But, you will need money for closing and prepaid items. I am not sure which state you reside in but I will put my link below. If you want to goto it, and put your info in, I could email you, and give you some more info. I do not write loans in all states, but if you live in a state where I cant do anything, I could point you in the right direction. Bare minimum, I could give you some handy information.
577704
Go to all of the different agencies in your area and talk to the broker and see if you like what he/she has to offer, then decide after you interview all of them. Some also offer a mentor program which someone in the office will help you out with all of needs.\n\nBest way is by word of mouth, if you are not shy; approach everyone you meet starting with all your friends, neighbors, etc.. Give out your business cards as if you were handing out candy.\n\nWhich ever agency you end up working for should do some advertising in a local newpaper; usually they include a picture of all thier agents with their cell number.\n\nNetwork, Network, Find as many people you know that do the same type of work like a Mortgage Company ( lender ) me!!\nSomeone that you trust in your area and you can help each other out.  It worked for me.\n\nGood Luck!
97715
First, it depends on what type of loan you're looking for, but the general answer for that sort of amount is you won't get it unless you get a very good co-signer.\n\nTalk to a couple of different loan providers and ask them what their requirements are, that's the best way to go about it.
735868
Ask everyone you know if they know of anyone looking to sell their home. Real Estate is a "how long you've been in the business" kind of thing.  It takes a while for people to think of you before they think of someone else. Part of that is achieved by farming, some is advertising, but most is referrals.  The more people you've done business with the more people that get referred.\n\n----\n\nYou need to base it on where you are located. The guy from Singapore has some great ideas, but some of them are not legal in the US.  You cannot pay a referral fee to anyone in the US unless they are a Licensed Real Estate Agent.  You can be prosecuted by the Department of Housing and Urban Development.\n\nThe other post where they suggest sending postcards etc to 300 to 500 households a month is called farming.  However, it usually takes six months to a couple years for farming to start paying off - and it can be expensive.  But it is a good tool.
463557
depends on what exactly you do - do you sell them or fix them? If you are looking to get more people buying - I would advise advertising around universities and offer discounts!
246651
Find your niche market.  Once you've figured out what kind of clientele you want to target, promote yourself within that market.  Go to Small Business Association and Chamber of Commerce meetings and network!  Go to their bulletin boards and answer web related questions.  Always include a signature when posting to bulletin boards / answering questions online / sending out emails.  Make sure to include the URL to your portfolio in your tagline.  I'll put mine in the tagline to show what I mean (I usually don't sign my answers on this site).  \n\nadded note: get business cards!  hand them out everywhere.  \n\nGood luck!
189992
Check on-line. Another little thing I know of is called the OREO techquie. IT stands for Other Real Estate Offerings. It may be take a lot of time and many phone calls. Heres how you do it. Get a phone number from an out of state bank and ask them if they any real estate holdings in your area. Chances are if they do they won't know your market that well and sell you somehting way under market value. It worked for a friend of mine (in Florida). She made 20 calls and finally find a bank in Minnesota with a Florida holding.She got it for $30,000 under Market Value
321199
Walk into your local credit unions and sit down with them to ask for loans.  Also Aames Home Loan (based in Los Angeles, CA) specializes in "risky lenders".
1049924
Did you talk to him about financing it, I f he wants you to buy it then maybe he could work something out with the down payment and charge you the current commercial interest rate until you get some equity into it and refinace though a Commercial lender
421230
Sponsor a local kids sports team.  Get listed on the local mortgage directory - http://www.regionalmortgages.com\nTell people that you specialize in a certain type of lending.  Maybe reverse mortgages or commercial building.  Leave brochures about reverse mortgages at nursing homes or some other location that seniors or baby boomers can see them.  Here is more on reverse mortgages: http://www.regionalmortgages.com/reverse.html
805682
Advertise.  Post you picture everywhere, run ads in the paper, pennysaver, harmon homes.  Hand out business cards, leave business cards at delis, pizza places, gyms, laundry mats, everywhere and anywhere.  There is soo so much competition out there, you have to have your name recognized.   Start farming a certain area.  Pick a neighborhood and consistently send out flyers showing recent sales on the street, and suggest they call you for a free market analysis. you can buy promotional items to mail such as little magnetic calanders to mail out, then your face is on their fridge the for entire year.
277928
we offer that loan.  what kind of info woud you like.  \n\nwww.xclusivefinancial.com
468806
Speak to a Loans Officer.  Any banking agent in Customer Service can assist you in speaking to the appropriate person.
81436
approach your bank...knowadays some banks even have loans that dont require collateral... this is coz of the stiff competition in banks....
634200
if ur product is ready then introduce it to the general public thru ads.\ncheers