Hofer Schmidt Uncategorized Private Residential Mortgage

Private Residential Mortgage

Private Residential Mortgage

I have come across many note sellers that ignore the advice of being prepared. Properly structuring a note for resale can be the difference between selling the note fast and with little friction as opposed to selling yourself short or worse, not selling the note at all. In order to properly structure a mortgage note for resale is as follows:


1) Get the biggest down payment possible. 25% is the Note Buyer’s ideal amount in a perfect world although, you can definitely get away with 15% – 20% if need be. Anything under 15% equity becomes very risky for a Note Investor. In the case of a down payment under 14% equity, you will have a very tough time getting a high bid on that note. Anything under 10% down, will unlikely sell at all.  Housing Market!


2) Make sure you (the seller), pull credit on the potential borrower. 600 FICO score – 700 FICO score would be ideal. Remember; the worse the credit score is, the bigger the down payment you should require! Make sure you keep a copy of the credit report so you may present to the mortgage note investor underwriting the transaction. As far as credit scores, 650 or higher is considered great to excellent credit. 610-649 is good, 609-590 is fair 589-500 is poor and below 500 – don’t even bother. Also try to gather D.T.I. or Debt to Income information from the borrower as well. How much money she/he has coming in per month verses what dollar amount is going out per month. A standard credit report will show you what the borrowers monthly bills are. All you need to do after that is get an accurate dollar amount of what the borrower truly makes after taxes. This way there will be no surprises for you or the Note Investor and this will insure you the highest bids out there! 45% is the max D.T.I. ratio you should allow. This means, if the borrower’s income is $5,000.00 per month, 45% DTI ratio would be $2,250.00 (5,000 x 0.45 = 2,250.00) in debt per month. The borrower only owes 45% of what they make to monthly debt.  Housing Market!


3) It helps tremendously if the seller orders and completes an appraisal before submitting the note to a Note Buyer. The reason being, presenting an exact legal appraisal to a Note Investor allows for a more accurate bid, thus a hassle free transaction. This way when the note is underwritten, there will be no surprises on the collateral property whatsoever. This step is not necessary although, by doing this your are drastically increasing your chances of a very smooth note sale.


4) Include a high interest rate with the shortest term possible. Meaning, be sure that your borrower can afford the payments at the shortest term she/he can legitimately agree to.


5) Try to keep the loan under a 10-15 year payback date. Anything over 12 years usually takes a much steeper discount then say a 10 balloon. The Note Investor generally likes to be out of an investment in 5-10 years. Ideally, if your borrower situation permits, 5-10 is the first choice. 


6) Include a prepayment penalty based on your states regulations and laws.  Go Now!


Please keep in mind; the above information is just a guide. If you have any legal questions about mortgage origination laws in your state, please consult a licensed mortgage broker/banker (in your state) or an attorney. Always be prepared!
Knowing this info before hand is the difference between a smooth transaction and a complete nightmare! Good Luck!

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How A Moving Company Can Buy Moving LeadsHow A Moving Company Can Buy Moving Leads

Understanding the Importance of Buying Moving Leads for Your Moving Company

Buying moving leads is an essential aspect of growing your moving company. It is a cost-effective way to reach potential customers who are actively seeking moving services. By purchasing moving leads, you can save time and money on marketing efforts and focus on converting leads into customers.

There are various types of moving leads available for purchase from companies such as Buy Moving Leads, including exclusive leads, shared leads, real-time leads or live phone call transfers. Exclusive leads are only sold to one moving company, while shared leads are sold to multiple companies. Real-time leads are generated in real-time and are the most valuable as they are the most likely to convert into customers.

The benefits of buying moving leads are numerous. It allows you to target specific demographics and locations, which increases the likelihood of converting leads into customers. Additionally, it saves time and money on marketing efforts, as you are only reaching out to potential customers who are actively seeking moving services. Overall, buying moving leads is a smart investment for any moving company looking to grow their business.

Types of Moving Leads Available for Purchase

Moving leads are essential for any moving company looking to grow its business. There are different types of moving leads available for purchase, each with its own unique characteristics. One type of moving lead is the exclusive lead, which is sold to only one moving company. This type of lead is more expensive but has a higher chance of conversion since there is no competition.

Another type of moving lead is the shared lead, which is sold to multiple moving companies. This type of lead is less expensive but has a lower chance of conversion since there is competition. However, shared leads can still be valuable if the moving company has a strong sales team and can differentiate itself from the competition.

Lastly, there are lead generation services that provide moving companies with a constant stream of leads. These services use various marketing techniques to generate leads and then sell them to moving companies. This type of service can be beneficial for companies that do not have the resources to generate marketing leads on their own. However, it is important to choose a reputable lead generation service to ensure the quality of the leads.

Benefits of Buying Moving Leads for Your Moving Company

Buying moving leads can be a game-changer for your moving company. It can help you reach potential customers who are actively looking for moving services. By purchasing moving leads, you can save time and money on marketing efforts and focus on converting leads into customers.

One of the biggest benefits of buying moving leads is that it can help you increase your sales and revenue. With access to a steady stream of leads, you can expand your customer base and grow your business. Additionally, buying moving leads can help you stay ahead of your competitors by reaching out to potential customers before they do.

Another advantage of buying moving leads is that it can help you improve your conversion rates. Since the leads you purchase are from people who are actively looking for moving services, they are more likely to convert into paying customers. By following up with these leads promptly and providing excellent customer service, you can build a loyal customer base and increase your profits over time.

Factors to Consider When Choosing a Moving Lead Provider

When choosing a moving lead provider, there are several factors to consider. One of the most important is the quality of the leads they provide. You want to make sure that the leads you purchase are high-quality and have a high likelihood of converting into paying customers. Look for a provider that has a proven track record of delivering quality leads to their clients.

Another important factor to consider is the price of the leads. While you don`t want to skimp on quality, you also don`t want to overpay for leads. Look for a provider that offers competitive pricing and a range of packages to choose from. This will allow you to find the right balance between quality and affordability.

Finally, it`s important to consider the level of support and service that the provider offers. You want to work with a provider that is responsive to your needs and can provide you with the support you need to succeed. Look for a provider that offers a range of support options, including phone, email, and chat support, as well as resources like training materials and best practices guides. By considering these factors, you can find a moving lead provider that will help you grow your business and achieve your goals.

How to Find Reliable Moving Lead Providers

When searching for reliable moving lead providers, it`s important to do your research. Start by looking for providers that have a good reputation in the industry. Check online reviews and ask for referrals from other moving companies. You can also check with industry associations to see if they have any recommended providers.

Another important factor to consider is the quality of the leads provided. Look for providers that offer exclusive leads, meaning they are not shared with other moving companies. You should also ask about the source of the leads and how they are verified. The best providers will have a rigorous screening process to ensure the leads are high-quality and likely to convert.

Finally, consider the pricing and terms of the provider. Look for providers that offer flexible pricing options, such as pay-per-lead or monthly subscriptions. Make sure to read the fine print and understand any minimum purchase requirements or cancellation policies. By taking the time to find a reliable moving lead provider, you can ensure a steady stream of high-quality leads to grow your moving company.

Tips for Evaluating Moving Lead Providers

When evaluating moving lead providers, it`s important to consider their reputation in the industry. Look for providers with a track record of delivering high-quality leads that convert into actual customers. Check online reviews and ask for references from other moving companies that have used their services.

Another important factor to consider is the type of leads offered by the provider. Some providers offer exclusive leads, which means they are only sold to one moving company. Others offer shared leads, which are sold to multiple companies. Exclusive leads may be more expensive, but they can also be more valuable since you don`t have to compete with other companies for the same customer.

It`s also important to consider the pricing structure of the provider. Some providers charge a flat fee per lead, while others charge a percentage of the total job cost. Make sure you understand the pricing structure and how it will impact your bottom line before committing to a provider. Additionally, be wary of providers that require long-term contracts or upfront payments. Look for providers that offer flexible payment options and allow you to adjust your lead volume as needed.

How to Negotiate the Best Deal When Buying Moving Leads

When negotiating the best deal for buying moving leads, it`s important to do your research and compare prices from different providers. Don`t settle for the first offer you receive, as there may be better deals available. Look for providers that offer competitive pricing and a high-quality online lead generation service.

Another important factor to consider when negotiating is the quality of the leads. Make sure the provider is offering leads that are relevant to your business and have a high conversion rate. Ask for samples of their leads and check their reviews and ratings from other customers to ensure their credibility.

Lastly, don`t be afraid to negotiate the terms of the agreement. Ask for discounts or special offers, such as a free trial period or a guarantee of a certain number of leads per month. Be clear about your budget and expectations, and work with the provider to find a mutually beneficial agreement. Remember, the goal is to get the best value for your money and grow your moving company with high-quality leads.

Common Mistakes to Avoid When Buying Moving Leads

When buying moving leads, it`s important to avoid certain mistakes that can cost your moving company time and money. One common mistake is not doing enough research on the lead provider. It`s important to thoroughly vet the provider and read reviews from other moving companies before making a purchase.

Another mistake to avoid is buying too many leads at once. While it may seem like a good idea to have a large pool of potential customers, it can actually lead to wasted resources if you`re unable to follow up with all of them effectively. It`s better to start with a smaller batch of leads and gradually increase as your company grows.

Lastly, it`s important to avoid relying solely on purchased leads for your moving company`s success. While they can be a helpful tool, it`s important to also focus on building your own customer base through referrals, online marketing, and other strategies. By diversifying your lead sources, you can ensure long-term success for your moving company.

How to Use Moving Leads to Grow Your Moving Company

One of the most effective ways to use moving leads to grow your moving company is to follow up with them promptly. When you receive a lead, make sure to contact the potential customer as soon as possible. This shows that you are responsive and reliable, which can help build trust and credibility with the customer. Additionally, following up quickly can help you beat out competitors who may be slower to respond.

Another way to use moving leads to grow your moving company is to personalize your approach. When you contact a potential customer, take the time to learn about their specific needs and preferences. This can help you tailor your services to meet their unique requirements, which can increase the likelihood of them choosing your company over others. Additionally, personalizing your approach can help you build a stronger relationship with the customer, which can lead to repeat business and referrals.

Finally, it`s important to track your results when using moving leads to grow your moving company. Keep track of how many leads you receive, how many turn into actual customers, and how much revenue you generate from each lead. This can help you identify areas where you need to improve your approach, as well as areas where you are excelling. By tracking your results, you can continually refine your strategy and maximize your return on investment.

Best Practices for Following Up with Moving Leads

When it comes to following up with moving leads, timing is everything. It`s important to reach out to potential customers as soon as possible after they`ve expressed interest in your services. This shows that you`re responsive and reliable, and it also gives you a better chance of closing the sale. Make sure to have a system in place for tracking and responding to leads in a timely manner.

Another key best practice for following up with moving leads is to personalize your communication. Don`t just send a generic email or make a generic phone call. Take the time to learn about the customer`s specific needs and preferences, and tailor your messaging accordingly. This will help you build a stronger relationship with the customer and increase the likelihood of them choosing your company for their move.

Finally, it`s important to be persistent but not pushy when following up with moving leads. Don`t be afraid to follow up multiple times, but make sure to do so in a respectful and professional manner. If a customer isn`t ready to commit to your services right away, don`t give up on them entirely. Keep in touch and continue to provide value, and they may eventually choose your company when the time is right.

Charity Invitations – Do Not Allow Them To Get Away This YearCharity Invitations – Do Not Allow Them To Get Away This Year

Charity Invites are an essential component to any kind of fundraising campaign. The best invite can suggest the difference in between a successful charity event and also one that does not make a profit. Several fundraising organizers make creative birthday invitations ideas the error of sending out generic invite cards, or worse, invites with undesirable invite wording.

There is a best method and also a wrong way to write a charity fundraising invite. A generic card sends the incorrect message to your visitors. Your visitors will obtain an invite that has no personal touch or reference to your team. It might also send the incorrect perception of your company to possible fund raising individuals.

Charity fundraising occasions require to be prepared and also arranged in a fashion that ensures a successful charity event. When you choose to deal with a nonprofit company to intend your following fundraising occasion, you ought to be given lots of information about their success to ensure that you can replicate their success in planning your very own charity event. You require to use your fundraising occasion as an possibility to introduce your company to the general public. By utilizing your invite as a fundraising possibility, you are providing individuals a initial look of what your company is all about.

A individualized fundraiser invite gives your visitors a reason to visit your company personally. Customized fundraiser invites allow your visitors understand that your company cares enough about them to make the effort to detail their browse through to your occasions. An invite letter loaded with significant information and also a personal touch can not only elevate funds for your company, however also develop a bond in between your volunteers and also donors.

Custom charity fundraising occasions consist of lots of options for your invite letter. You can choose a customized invite card that supplies a straight link back to your company’s site. Along with letting individuals find out about your company, the site will also provide them with various other beneficial information. You can quickly include pictures, video clips, and also web links to your team’s social networks websites, blog web links, or subscription possibilities.

Fundraiser invites are a important component to your total charity fundraising campaign. By utilizing special occasion invites to invite individuals to support your company, you are establishing the structure for a successful year. Don’t allow on your own to obtain captured unsuspecting throughout the year’s end. Make sure your invites are detailed, innovative, and also personal for an impactful fundraiser!

Osteoarthritis Knee InjectionsOsteoarthritis Knee Injections

Osteoarthritis Knee Injections

Gel injections can take place in the knee by a physician to relieve osteoarthritis. These procedures are simple and typically require only a few minutes of downtime. Your doctor will examine your condition and assess the general health of your body during the procedure. Once you`re at ease you can go to the doctor who will numb the knee using an local anesthetic. The doctor will then insert small needles through the knee joint, using ultrasound and x-ray technologies.

Following a successful treatment, the doctor is likely to suggest a few follow-up treatment options. If you experience significant discomfort following the injections, your physician may suggest platelet-rich plasma therapy, or another course of injections. Based on your individual needs the injections could be repeated as long as six months later. It can be performed in a doctor`s office. However, it is important to keep in mind that viscosupplementation will not relieve osteoarthritis. Your physician will provide with specific guidelines for the treatment.

You may need to have some treatments if you have osteoarthritis. Physical therapy is often your first choice. You can also think about corticosteroid injections as part of your treatment program. But, they are usually only used as a last resort. The injections are administered by a doctor in order to ease pain and increase the knee`s shock-absorbing capacity. Gel injections may be the most appropriate option to suit your specific needs.

One of the brands of gel injections is Synvisc-One. This is used for patients who suffer from osteoarthritis in their knees. It has not responded to other treatments. Before Synvisc-One can be administered, it is recommended to take care to treat any infections that may be present at the injection site, or around the knee joint. If you are experiencing swelling in your legs as a result of osteoarthritis, consult your doctor. Gel injections are the best option when you talk to your doctor to select the appropriate one for you.

Hyaluronic acid, which is a naturally produced substance that cushions joints is an example of hyaluronic acid. In arthritic knees the hyaluronic acid levels decrease naturally as time passes. This means that less is found in knee. Gel injections improve the natural cushioning effect of hyaluronic acid over the surface of the joint, reducing mobility and pain up to six months. Brad was treated with injections for approximately 2 to 4 months.

Gel injections are included in Medicare. Some physicians do not require a referral. Patients who are not able to afford a surgery can choose to have it done at a medical practice in their local area. The doctor might recommend this treatment to patients who haven`t responded to other conservative treatments like pain medications or non-prescription antiinflammatory medications. The injections of gel can be prescribed by a medical professional to alleviate osteoarthritis pain and enhance your general health.

Medicare Part B benefits pay 80 percent of the cost for a knee gel injection. You pay the remaining 20 percent after the Part B deductible and co-insurance. Medicare Advantage plans often require their beneficiaries to visit doctors, hospitals as well as pharmacies in their network. If they don`t, you may have to cover the entire cost yourself. It is recommended to go through the policy and then check with the agent to find out whether they are part of the network. To determine whether knee gel injections will be covered under your plan It is recommended to contact your insurance provider.

Gel injections to treat knee arthritis aren`t confirmed to be effective however most patients do find them to be comfortable. The majority of side effects go away within a day or two. A few people experience an inflammatory reaction that can lead to severe joint pain, lower blood pressure, high fever and possibly low blood pressure. This is not common. Gel injections can improve quality of life for certain patients. In the event of an inflammatory condition Gel injections can help aid in the recovery of the joint.

Gel injections offer many advantages. The biggest drawback is that they might not be effective for you. Some suffer from irritation and grumpiness after the procedure. However, these injections can be risky if you`re an allergic person to steroids. If you`re allergic to PRP or hyaluronic acid the injections might not be suitable for you. You may opt to have injections by other methods in case you are allergic to.

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