Free Mortgage Leads

Why Free Mortgage Leads?

I think it’s safe to say that generating Free Mortgage Leads is a simple task once you give it some thought

Consider the current economic conditions

  • We’re looking at a housing crisis now. Look at all the real estate being sold at discounted rates!
  • Because of these low rates homeowners are now refinancing loans, especially those that had an adjustable rate loan.

With that said, there are plenty of potential clients currently in the market. These clients range from big Investors to small home owners who just want to refinance to take advantage of a lower rate.

Enough with the foreplay lets look at some things you can do right now to generate free mortgage leads:

  • Networking! I can’t even begin to stress how important this is you want to net work as much as possible with friends, family, that odd man down the street. Why? Well you have to remember everyone knows someone. Let you know your willing to pay them a commission
  • Get as many real estate agents, attorneys, human resources managers on your side. These people  refer their clients when they are in the market for loans
  • Never underestimate the internet. Utilize the net to find free sites where you can register to obtain leads
  • Make sure you target first time home buyers such as University graduates and young professionals in medical fields and business fields actually any new grad is a good target.
  • canvas anyone that works around people that do property appraisals, financial planning (or those that do the appraisals themselves
  • Banks are a goldmine! I say this again banks are a goldmine. Just because they have turned down loans doesn’t mean they won’t try to help the borrower with finding other lenders. So here is where your networking can pay off!
  • Records search the county records for ‘lis pendens’ or pre-foreclosure listings. You now have great targeted prospects all you have to do is send advertisements out to.  Who knows some of them may be ready to completely refinance a loan to pay off their current mortgage holder.
  • check your newspaper there are always homes for sale – now think… these people have to move somewhere and a good % of them will need a loan.

Now those are just a few ways you can generate free mortgage leads doesn’t seem to complicated does it? This is just the basics it will point you in the right direction and you get started. Remember nothing happens overnight especially when you are just starting. Start small allow things to snowball.

Another excellent source of free mortgage leads is this: see when your city or county are having auctions of foreclosed homes as well, since that will be an excellent source of leads

Oh and allow me to give you another “gem” check and see when your country is having its next auction for foreclosed homes! You can bet your life there will be a bunch of juicy leads there. Some will need short term loans while the property is fixed up then you can simply monitor the property until it’s sold and probably even get this new buyer a loan.