Social Media tips for Mortgage Brokers

Social media opens so many opportunities for mortgage brokers to expand and gain new clients. This is also an inexpensive way for brokers to reach advertise and target potential clients. It is a great idea for brokers to use all types of social media such as Facebook, Twitter, and LinkedIn. Each of these have unique ways of benefiting a mortgage broker and their business.

Facebook

Facebook is one of the most well-known types of social media that can be utilized. Over 2.4 billion people are using Facebook every month. When using Facebook for your business, you must make sure to advertise in the countries and cities that you are wanting to serve. Also picking your audience is another thing that brokers will want to pay attention to. Who are you trying to reach? What age, gender, or educational background. If you have any types of tips for clients on your company website, you can start sharing those one your Facebook page. Not only are these tips helpful for potential clients but they can also bring more traffic to your website …

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Quick ways to attract new clients

Attracting new clients is how a business can grow. You must continue to move forward and the quicker you are able to get more customers, the better off your company is. The following are a few ways to reach more clients:

Ads

Ads are always a great way to reach new customers and with the access that we have to technology today, you can reach a number of possible clients. Placing ads on social media such as Facebook, Instagram, and Twitter are perfect places to advertise. These are also inexpensive places to place these ads.

Reach out

Reaching out is another way to pull clients in as well as bringing old clients back. It does not hurt to reach out to old clients to check in on them and see if there is anything that you can help them with. You will also want to make sure to keep in touch with current clients and offer them the same help. If there were any potential clients who never fully committed but showed interest, then reach out to them and …

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Five Things to look at Before Switching your Mortgage

 

Switching your mortgage can be a lot of work but it can also save you a large amount of money. Before switching, you should pay attention to the following:

It is important to know what your repayment history looks like. Have you been making your payments on time or has this been a problem for you? This will be shown on your credit history as well which is something that will be looked at by the banks. You should also check to make sure that you do not owe more than what your property is now worth. Switching your mortgage may be difficult for you if this is the case. Figure out your LTV which is the loan to value. This is a ratio that lenders use to figure out how much risk is being taken on the loan. You can figure out this number by dividing the barrowed amount by the appraised value and multiply that amount by one hundred. Lets say for example that the property that you are looking to buy is €300,000 and you deposit …

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Tips on switching your mortgage

Switching your mortgage could be the best decision that you make. It can possibly help you save a large amount of money if done correctly. If you are not sure how to go about this, here are a few tips of what to look for and what to think about.

Think about how much you could save. In order for you to save, you need to make sure that you are shopping around for the best deal. When shopping around, it is similar to what you should have done for your mortgage. Talk to different mortgage brokers and banks. See what they have to say about switching and is it worth it for you?

What type of mortgage do you have? An annuity mortgage, interest only mortgage, pension mortgage, or endowment mortgage? This can also make a difference when thinking of switching. You will also want to know what your current interest rate is. Get in touch with your current bank to find out what your rate is if you are not sure what it is.

If you have a …

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Social Media tips for Insurance Brokers

Social media plays such a big role in people’s lives these days which is why it is important for insurance brokers to know how to advertise on there and how to use it to reach as many potential clients as possible.

You must stay consistent with your post and keeping them up to date Post photos of different employees to make it more personable If your company is involved with different events in the neighborhood, post photos of it Make your post relatable and in a way that people can understand Promoting any type of special or deals that you may have is a great way to attract possible clients Create posts where people can feel comfortable asking questions and create a type of relationship with them if possible Using multiple types of social media is important in order to reach different demographics. Facebook, Instagram, Twitter, Snapchat, and Linkedin are all types of social media in which companies should have some type of account Facebook also has an option to buy an ad if you would like to advertise in …

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What to watch for when getting house insurance?

When you are in the market to buying a home, there are many things that you are doing to prepare and getting house insurance is going to be one of those things. Not everyone is thinking about what to watch for when it comes to getting house insurance but there are a few things you need to be aware of.

How much coverage do you need?

The more that you cover, the less you will have to pay if something were to happen. When figuring how much coverage you need, you may want to consider the square footage of you home, local construction costs, the style of your home, how many bedrooms, bathrooms, and any special features in your home. You will also want to make a detailed list of the things you own in order to have a better understanding of how much insurance you will need.

What type of coverage?

Knowing the type of coverage that you want is important when getting house insurance. You will want to contact multiple insurance companies to get quotes. You can also …

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Family & Life Insurance

Knowing how much life insurance you need is a one of the main questions asked. The answer is different for everyone because it depends on your situation and where you are in your life. Someone who has a family is going to want to make sure that if anything were to happen to them, that their family is going to be financially covered. Are you going to cover your kids? Is your spouse going to get life insurance? These are all questions that come into consideration when you have a family and begin looking into life insurance.

First you are going to want to figure out how much you can afford. More coverage is going to cost you more each month, so make sure to run the numbers and see what price will best fit you and go from there to figure out how much coverage that price can get you. Remember that working with an insurance broker can help you to get the best price on coverage that will fit your needs.

Now you will need to figure out …

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What does an insurance broker do that you can’t do?

When weighing your choices between going with an insurance broker or trying to figure it out on your own, make sure you know all the perks of using an insurance broker. Think of the time they can save you while offering you their expertise, guidance, and recommendations.

Insurance brokers who have been in their position for some time and know how the business works can use their knowledge to get you the best coverage possible. If you are new to the insurance world, there may be a lot that you are unaware of when it comes to getting the coverage that you need. There are many different possible types of coverage and if you do not know which one you are looking for, you may get overwhelmed in the beginning of the process. This is where an insurance broker can be perfect for you. They can recommend the best coverage for you at the right price from the right company. Even if you know about coverage, they are able to work with multiple companies quicker than you can on your …

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Mortgage Brokers and the Technology Revolution

Technology has been becoming a huge part of everyday life in today’s world. Almost everywhere you look, there is someone on their smartphone or working on their laptop. Even young children know the ins and outs of phones, tablets, and computers. You can control your home security from your phone when you are miles and miles away. There are smart TVs and smart cars that do things that were only thought possible in movies years ago. Speaking of movies, even those have moved online with apps such as Netflix, Amazon Prime, Now TV, or hayu.

With all this growth in technology, it is not surprising that banking would also go online. With banking and loans becoming more popular online, mortgages aren’t far behind. Many companies that haven’t been able to embrace the technology revolution tend to get left behind and go out of business. This is why it is important for mortgage brokers to embrace the technology revolution. Companies do not want to get left behind in today’s competitive market.

Many millennials who are the ones that grew up with …

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Three Things to do Before Taking out a Mortgage

Let’s face it mortgages are daunting; with interest rates, terms, and credit scores. Many things can make finding a mortgage a challenge but what are the most important things you need to know before taking out a mortgage? Well, you’re in luck, these are three main takeaways that you should know before taking out a mortgage.

SAVE SAVE SAVE

When preparing yourself to take out a mortgage, being financially secure is extremely important. You will want to have enough to make sure you have enough for a good down payment. This isn’t the only reason you want to be saving though. You will also want to have enough in your account for any unexpected expenses that may pop up due to things such as closing costs, and inspections. Liquidity (cash) is just as important as saving for a down payment. Banks and other financial lending institutions look at the balance of your accounts prior to approval to validate your ability to afford your desired home.

Along with saving, you will want to keep your account in order. Avoid overdrafts, late …

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