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REFINANCE MADNESS

By
Services for Real Estate Pros with Peskin, Courchesne and Allen, P.C.

It is happening right now, as we speak. . . millions of email fliers advertising the fast falling interest rates are circulating the United States.  There are rumors that another drop is immanent!  What are the loan originators of America doing to attract this business?  I would like to know!  Refinances are my favorite business and I am extremely excited to see some serious action on the horizon.  As a real estate attorney I have closed on many purchase money mortgages and have a large database of my clients.  One of the items that I try to emphasize in my mailings is that I honor the initial payment that my clients make for title examination by providing a service that I call "Title For Life".  The program encompasses free title updates for as long as you own your property, a 50% discount in title insurance premiums and $50.00 off my normal legal fee.  How does that sound?

 

I am always looking for ways to improve.  What else could I offer to attract refinance business?

 

Please comment and let me know what you think? 

Ken Cook
Content, coding, marketing, host. - Marietta, GA
Content Marketer/Creator
Be honest. Rates may not drop at all. In fact they've gone up and may continue to do so. Be honest with your clients. Then again during the "refi boom" I was doing 85% purchases and kicking ass. Maybe honesty isn't the best policy if you only want numbers. Ah, I digress. You won't get too many referrals for refinances from real estate agents anyway. Looking forward to reading some comments from people who really know how to answer your very good question.
Jan 24, 2008 02:02 PM
Kurt Vierheller
Flagstar Bank - Wilmington, NC
You are correct. Our rates went up 3/8 of a point yesterday. These rate deductions are being seen on the Credit card, auto side of finance and not on our side. Watch what you promise
Jan 24, 2008 02:24 PM