How to Quote an Interest Rate on a Mortgage Loan

Partner: Udemy
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Description: The #1 question borrowers ask when they call lenders, banks, or mortgage companies is "What will be my interest rate"? Mastering the process of quoting an interest rate will allow you to close more loans and increase your income as a loan originator, loan processor, or other. This course goes straight to practical examples. Borrowers will give you their loans if you know how to quote them lower interest rates!This practical course will show you how to become a expert at: running a loan scenario for all types of borrowers, reading and understanding interest rates, be able to determine if a borrower will need to buy down the rate or if they will be able to get a credit to cover closing costs. You will also be able to lock and extend interest rates. Besides that, you'll learn how to master a mortgage calculator, which you can download on your smartphone to be able to calculate monthly payments, interest paid through the life of the loan, tax deductible interest, bi-weekly payments, PITI payments, amortization terms, loan-to-value, and much more. This will make you look like a pro when your on the phone or in front of a borrower. Realtors will love you because you can tell borrowers what their monthly payments will be in a matter of seconds. Mastering the process of calculating interest rates will increase your potential to make more money on each loan!Main benefits of this course and of understanding the process of quoting interest rates:- Increase your income by closing more loans- Close more loans by adjusting interest rates and mortgage payments. Loan processors and mortgage loan originators save and close 30-50% more loans when they know how to use interest rates to benefit the borrower.- Understand how interest rates are priced- Learn to quote exact interest r
Category: Business > Real Estate > Mortgage
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Price: 149.99
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Source: Impact
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