A Simple 10 word email that will revive dead deals from months past.

Here is a simple 10 word email that will revive dead deals from months past.

First, I read a study and it said that over 50% of people that inquire about a purchase, will proceed with what they asked about, within 18 months.

But get this, only 15% of them will do so in the first 90 days.

That means it's crucial to stay in contact with them.

Of course the only way to do that is to have an automatic system in place to stay in
contact with them.

Ok, we all know how important it is to stay in contact, but I am going to give you a
simple email to send out to capture the dead leads that haven't taken action yet, even if you haven't stayed on contact with them.

Here is the email to send out, and then I'll explain why it is so effective.
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Subject Line: A quick question for you
Body of email: ‘'Are you still wanting to buy a house in <:put city here>?'’
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You may be tempted to add to this email, but don't. It already has 3 key things going for
it.

1. It's short
2. It's personalized
3. It's expecting a response

Send out this email and then tell me how well it worked out for you.
This is a simple strategy that costs nothing to implement!!!


Posted by Joseph P. Mazzei at www.mymortgagebroker.blogspot.com

4% 15 Year Fixed Officially Available!! No Points!

That's right, now you can get a 15 Year Fixed Loan @ 4% (apr 4.228). Here are some of the requirements to get this loan: Primary Residence, Rate and Term refinance, LTV 80% or less, Loan Amount $150,000 or greater, credit score 720 or greater, and 1 % Origination fee, NO discount points or processing fees. Other restrictions may apply, please call for details. P.S. If you would like to eliminate the origination fee, the rate would be 4.25% (apr 4.329) with a possible credit back to you towards closing costs.

Interest Rate Update: 4.5% 30 year Fixed

4.5 % Percent is available again, although, as usual with certain restrictions. But, if you are a borrower with excellent credit that has been waiting to refinance, now is the time. Here is a sample of the requirements to obtain this rate: Primary Residence, Rate and Term refinance, 70% Loan to Value, Middle Credit Score of 720 or better, and a loan amount of 200K or more. The Cost for this rate would be approximately 1 percent of the loan amount. I say approximately because rates change every day, sometimes they change several times throughout the day. So if you would like to know if you qualify for this rate or better, please feel free to give me a call. There is never any obligation and it doesn't cost a dime to talk to me.

Rate Update: 30 Year Fixed Rates Still in the 4% Range

That's Right Folks, 30 Year fixed rates are still in the 4 percent range. Its true that not everyone can qualify for these rates, but if you are waiting to refinance or buy a home, wait no longer. The Federal Government has extended the First Time Home Buyer Credit until April and now a non first time home buyer (repeat buyer) can get a credit of up to $6500 until April as well (you just have to close by June of this year). Just as these programs are limited, rates are not going to stay this low forever. The Fed is scheduled to stop buying mortgage backed securities (the major thing that is keeping rates at an all time low) in a couple months. So if you are undecided, now is a great time to buy or even refinance. I even still have rates available in the 3 percent range.