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iMortgageSites website Set up process

28 Feb

How to get a mortgage website:

  1. Step 1 (Optional): Choose a template you wish to use for your website.This step is optional, you can directly jump to step 2. And if you decide not to choose a template at the time of signup, iMortgageSites will assign a default template to your new website. Which you can change anytime with just one click of mouse through admin panel.
  2. Step 2: Select a Package and Payment Plan. At this stage you have the option to purchase additional services (e.g custom logo and template) offered by iMortgageSites. For a complete list of additional services, please visit here.
  3. Step 3: Enter billing information. A credit card is required for billing purposes.
  4. Step 4: Complete the brief online contact form, enter a username and password. If you have not registered your domain name, register, and type in, to complete the signup process.
  5. That’s It: Your new mortgage website is ready. You’ll now receive couple of confirmation emails with details about how to use your admin panel.

Ready to Begin?

Step 1: Choose a template.

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iMortgage Sites Admin Panel Features

26 Feb

1003 Manager:

Lead Manager

  • Improve your loan closing ratio
  • Respond to web-generated leads quickly
  • Manage all your generated leads at one place
  • Over  10 applications to generate leads
  • Print pre-qualification & loan applications
  • Secure online database
  • Key benefits of Lean Manager

Design Manager

  • Pre-designed professional templates
  • Change website template with just one click
  • Dynamic menu layouts & style
  • Upload your logo
  • Edit website pages
  • Write your own content
  • Change your designing everyday

Realty

  • Download house listings from MLS
  • Create and publish unlimited realty listings
  • Add/edit house details
  • Any Property Type
  • Up-to 12 small and large size high resolution photos
  • Property Location & description
  • Switch house listing features with on/off option
  • Manage your real estate agents’ data
  • Web base realty lead management

Escrow Services

  • Escrow and title educators with complete escrow process
  • Check escrow and title rates online
  • Open Escrow & Title online
  • Best Escrow rates & service in the nation
  • Order Prelim online
  • Preliminary property report emails next day
  • Personalized escrow service
  • Order Payoffs demands online
  • Check complete property profiles

Interest Rates

  • Update interest rates for up to 10 different loan programs.
  • 5 interest rates can be shown for one loan program
  • All changes are applied & uploaded dynamically.
  • Upload current interest rates for your clients

 

24/7 Online Support System

 

SEO & Web Marketing

  • Update Keywords/Description for your mortgage website
  • Create Email Auto-responders
  • Switch auto responders on & off
  • Get FREE banner ads for marketing

Appraisal Services

  • Order Appraisals nationwide online
  • Check estimated appraisal values online.
  • Check property profiles
  • Appraisal order forms
  • Appraisal educators and Appraisal process
  • Quick and authentic appraisals
  • Check aerial view and mapping of properties

Marketing Services

  • Get farming leads for free
  • Create marketing flyers-post cards
  • Customize your marketing campaign
  • Newsletter database to keep in contact with your customers
  • Open House flyers for your home listings
  • SEO (Search Engine Optimization)
  • Pay per click
  • Regional advertising
  • Local Advertise
  • Online comprehensive educators

Unlimited House Listings

  • Get Mortgage & Real Estate Laws updates
  • Get Real Estate Commission disbursement forms

Loan Officer Landing Pages

  • Get Online interactive Good Faith Estimate
  • Get Online Income Property Analysis
  • Get Loan originator documents
  • Get Loan closing documents
  • Get Loan File Stacking forms
  • Get Loan Officer commission disbursement forms

 

 

 

Mortgage Website packages by iMortgage Sites

26 Feb

Professional Package:

Professional package comprises features that will eliminate manual processes for you thus increasing your loan pipeline and generating revenue. Professional package offers many features including auto e-mail responder, configurable pages, plug and play, calculators, and full/short loan application. Professional package allows you a complete access to control panel to enjoy all the tools available. You will be able to make changes to your website at the comfort of your home and office without contacting any technical support.

Website Features

  • Mortgage Financial Calculators – Professional package offers number of financial calculators with a wide range, such as:
    • Should I refinance my home mortgage? Add a plus sign to expand the calculator.
    • What would my payments be for a fixed rate loan?
    • What would my payments be for an adjustable rate loan?
    • What would my payments be for a balloon loan?
    • Should I rent my home or buy?
    • Which loan is better, fixed or Adjustable?
    • What would I save if I make extra payments?
    • How much house can I qualify for?
    • How much house can I afford?
    • Advanced mortgage calculator.
  • Online Loan Application (FULL) – A complete loan application for your clients to fill out on line and send it back to you.
  • 30 Second Short Loan Application – A shorter version of loan application for the clients who don’t have enough time to fill out the complete loan applications yet want you to work on their loan scenario based on the information provided.
  • Pre-Approved Application – it will pre-qualify you for the loan prior to committing a house purchase
  • 1003 – Uniform Residential Loan Application in PDF format – A compete 1003 loan application with disclosures. Clients can fill out the loan application and click it back to you.
  • Editable Rate Charts – Rate charts which can be editable as per your desire. You can add your interest rate.
  • Best Rate Quote – Provides you the best interest rate available in the market
  • Best Rate Guarantee – Vouches the best rate available in the market.
  • Main Loan Types – Provides you the main loan types available thus picking the best loan scenario for you
  • Loan Programs – Details the loan programs so that you can decide which suits your scenario the best
  • Loan Process – Entails the loan process and its different steps so that you can be apprised with the loan progress.
  • Bad Credit Loans – Details loan programs for the bruised or bad credit.
  • What is FICO? – Describes the credit score for you.
  • FAQs – Frequently asked questions for your general information
  • Contact Us Form – Fill out the form for one of the representative to contact right away.
  • Company Information Page – Details Company’s back ground, mission and principle statements.
  • Contact Info on Every Page – Contact information is available on every page as a convenient tool for your clients to reach you. This feature can be turned ON or OFF per your desire.

Website Administrative Features

  • Choice of Website Templates – Allows you to pick ready-made template for your company
  • Tell-A-Friend Feature – Enables you to send company’s link to your friend who can also enjoy the benefits of being iMortgageSites’s client.
  • Custom Meta Tags –
  • Custom Ticker Message

Pro Mortgage Website Package

  • Mortgage Website Packages
    • Pro
    • Ultra
    • Enterprise
    • Custom Websites
    • Compare All Packages
  • Free Hosting
  • Custom Logo
  • Custom Website Design
  • Domain Registration
  • Website Process
Acquire one of the most accurate and professionally made mortgage website systems for mortgage professionals. This is not just a website template but also an enhanced mortgage website system to build your mortgage business to a multi-million dollar business. iMortgagesites.com offers unparalleled features developed by nation’s most experienced mortgage professional to help grow your business. We don’t just build websites we build mortgage businesses. All our website are composed of two sides i.e. Front end client’s website and data-driven back end to manage the site.

Administrative Features (back end)

  • Leads
  • Design
  • Interest
Search, Edit, Print, Export and Email:
Full, Short, Prequalification, Loan Advisor, Instant Rate Quote and Free Credit Report.
Enable/Disable acknowledgement email to client and admin
Search, Delete and Reply to “contact us” queries.

Website Features:

Online Forms & Applications
15 Minutes Full Online Loan Application
2 Minutes Quick Short Online Loan Application
Prequalification Form
Loan Advisor Request Form
Free Credit Report Request
Disclosure Forms for both Conventional and FHA/VA loans.
Financial Calculators
Home Financing Calculators
Interest Rates
2 Editable Today’s Interest Rate
Instant Rate Quote Request
Best Rate Guarantee
Educators
Residential Mortgages and Home Loans
Home Appraisals & Appraisal Values
Mortgage Insurance & Home Insurance
Escrow Process & Title Insurance
Interest Rates & Types
Loan to Value & Debt-to-Income Ratio
Credit Score (FICO)
Bankruptcy Rules & Foreclosure Process
Company Information Pages
About Company
Contact Us Form
Privacy Policy
Terms & Conditions
FREE Hosting
500 MB Web Space
24/7 FTP Access
50 Free Email Accounts
Webmail
Unlimited Email Forwarding
Unlimited Autoresponders
Domain Forwarding
Spam and Virus Filters
Internet Traffic Analysis
Password protected directories
No Banners or PopUps, NO Ads at all !!
Misc
Tell a Friend Page
Instant Email Notification
Website Ticker *
Uplaod Your Logo
Choose from 2 Website Templates

        Ultra Package:

Ultra Package offers more features and control over your website than Professional package. It provides more customer menu categories and custom menu buttons. Following features are available:

Website Features

  • Mortgage Financial Calculators – Professional package offers number of financial calculators with a wide range, such as:
  • Should I refinance my home mortgage?
  • What would my payments be for a fixed rate loan?
  • What would my payments be for an adjustable rate loan?
  • What would my payments be for a balloon loan?
  • Should I rent my home or buy?
  • Which loan is better, fixed or Adjustable?
  • What would I save if I make extra payments?
  • How much house can I qualify for?
  • How much house can I afford?
  • Advanced mortgage calculator.
  • Personal Financing Calculators
    • How much car can I afford?
    • How long will it take to pay off my credit cards?
    • How much do I need to save for college?
    • How long will it take to save for a major purchase?
    • Simple loan calculator.
    • How much can I borrow?
    • What interest rate would I need?
    • How long would it take to pay off a loan?
    • What would my payments be?
  • Online Loan Application (FULL) – A complete loan application for your clients to fill out on line and send it back to you.
  • 30 Second Short Loan Application – A shorter version of loan application for the clients who don’t have enough time to fill out the complete loan applications yet want you to work on their loan scenario based on the information provided.
  • Pre-Approved Application – it will pre-qualify you for the loan prior to committing a house purchase
  • 1003 – Uniform Residential Loan Application in PDF format – A compete 1003 loan application. Clients can fill out the loan application and click it back to you.
  • PDF Disclosure Forms – Provides all the loan disclosure forms, so that clients can sign and send it back.
  • Editable Rate Charts – Rate charts which can be editable as per your desire. You can add your interest rate.
  • Best Rate Quote – Provides you the best interest rate available in the market
  • Best Rate Guarantee – Vouches the best rate available in the market.
  • Main Loan Types – Provides you the main loan types available thus picking the best loan scenario for you
  • Loan Programs – Details the loan programs so that you can decide which suits your scenario the best
  • Loan Process – Entails the loan process and its different steps so that you can be apprised with the loan progress.
  • Glossary of Mortgage Terms – Details the entire mortgage glossary for your information and education.
  • Bad Credit Loans – Details loan programs for the bruised or bad credit.
  • What is FICO? – Describes the credit score for you.
  • FAQs – Frequently asked questions for your general information
  • Contact Us Form – Fill out the form for one of the representatives to get in touch right away.
  • Company Information Page – Details Company’s back ground, mission and principle statements.
  • Contact Info on Every Page – Contact information is available on every page as a convenient tool for your clients to reach you. This feature can be turned ON or OFF per your desire.

Website Administrative Features: http://www.imortgagesites.com

  • Custom Menu Categories – Provides seven different custom menu categories
  • Custom Menu Buttons – Allows you to pick twenty different custom menu buttons
  • Choice of Website Templates – Allows you to pick from 18 ready-made template for your company
  • Tell-A-Friend Feature – Enables you to send company’s link to your friend who can also enjoy the benefits of being iMortgageSites’s client.
  • Custom Meta Tags –
  • Custom Ticker Message
  • Custom Website Frame Color –

Ultra Mortgage Website Package

  • Mortgage Website Packages
    • Pro
    • Ultra
    • Enterprise
    • Custom Websites
    • Compare All Packages
  • Free Hosting
  • Custom Logo
  • Custom Website Design
  • Domain Registration
  • Website Process
Ultra mortgage website system is created for mid size mortgage business with distinctive features. This is not just a website template but also an enhanced mortgage website system to build your mortgage business to a multi-million dollar business. iMortgagesites.com offers unparalleled features developed by nation’s most experienced mortgage professional to help grow your business. We don’t just build websites we build mortgage businesses. All our website are composed of two sides i.e. Front end client’s website and data-driven back end to manage the site.

Administrative Features (back end)

  • Leads
  • Design
  • Interest
  • SEO & Marketing
Search, Edit, Print, Export and Email:
Complete, Full, Short, Prequalification, Loan Advisor, Instant Rate Quote, Free Credit Report and News letter signups.
Enable/Disable acknowledgement email to client and admin
Search, Delete and Reply to “contact us” queries.

Website Features (what your clients will see)

Online Forms & Applications
Complete Online Loan Application
15 Minutes Full Online Loan Application
2 Minutes Quick Short Online Loan Application
Prequalification Form
Loan Advisor Request Form
Free Credit Report Request
Download & Print 1003 PDF
Disclosure Forms for both Conventional and FHA/VA loans.
Financial Calculators
Home Financing Calculators
Lease Calculators
Interest Rates
3 Editable Today’s Interest Rate
Payment Chart (comparison of monthly payments)
Instant Rate Quote Request
Best Rate Guarantee
Educators
Residential Mortgages and Home Loans
Home Appraisals & Appraisal Values
Mortgage Insurance & Home Insurance
Escrow Process & Title Insurance
Interest Rates & Types
Loan to Value & Debt-to-Income Ratio
Credit Score (FICO)
Bankruptcy Rules & Foreclosure Process
Company Information Pages
About Company
Contact Us Form
Company Employees Details
Office Map & Other Details
Privacy Policy
Terms & Conditions
FREE Hosting
500 MB Web Space
24/7 FTP Access
50 Free Email Accounts
Webmail
Unlimited Email Forwarding
Unlimited Autoresponders
Domain Forwarding
Spam and Virus Filters
Internet Traffic Analysis
Password protected directories
No Banners or PopUps, NO Ads at all !!
Misc
Tell a Friend Page
Instant Email Notification
Newsletter Signup *
Website Ticker *
Uplaod Your Logo
Choose from 4 Website Templates

Enterprise Package:

Enterprise package provides maximum and state of the art features to optimize your productivity. Enterprise package ranges from every possible calculator to educators to all possible loan forms and disclosures. It comprises of the following:

Website Features

  • Mortgage Financial Calculators – Professional package offers number of financial calculators with a wide range, such as:
  • Should I refinance my home mortgage?
  • What would my payments be for a fixed rate loan?
  • What would my payments be for an adjustable rate loan?
  • What would my payments be for a balloon loan?
  • Should I rent my home or buy?
  • Which loan is better, fixed or Adjustable?
  • What would I save if I make extra payments?
  • How much house can I qualify for?
  • How much house can I afford?
  • Advanced mortgage calculator.
  • Personal Financing Calculators
    • How much car can I afford?
    • How long will it take to pay off my credit cards?
    • How much do I need to save for college?
    • How long will it take to save for a major purchase?
    • Simple loan calculator.
    • How much can I borrow?
    • What interest rate would I need?
    • How long would it take to pay off a loan?
    • What would my payments be?
    • Roth IRA comparison calculator.
    • IRA calculator.
    • Roth IRA calculator.
    • IRA deposit calculator.
    • Roth IRA deposit calculator.
    • Spending calculator.
    • How long would I be able to make withdrawals?
    • What interest rate would I need?
    • How much money would I need to start with?
    • How much money could I withdraw each month?
    • Investment Calculators
      • Investment analysis calculator.
      • How can I save a million dollars?
      • Investment yield calculator.
      • Present value calculator.
      • Future value calculator.
      • Simple savings goal calculator.
      • How much money could I save?
      • What interest rate would I need?
      • How much money would I need to start with?
      • How much would I need to save each month?
      • Lease Calculators
        • Simple lease calculator.
        • Advanced lease calculator.
        • How much can I afford to lease?
        • What interest rate would I need?
        • What would my residual be?
        • What would my payments be?
  • Retirement Calculators
  • Online Loan Application (FULL) – A complete loan application for your clients to fill out on line and send it back to you.
  • 30 Second Short Loan Application – A shorter version of loan application for the clients who don’t have enough time to fill out the complete loan applications yet want you to work on their loan scenario based on the information provided.
  • Pre-Approved Application – it will pre-qualify you for the loan prior to committing a house purchase
  • 1003 – Uniform Residential Loan Application in PDF format – A compete 1003 loan application. Clients can fill out the loan application and click it back to you.
  • 1003 – Uniform Residential Loan Application in PDF format – Allows you to download and print.
  • PDF Disclosure Forms – Provides all the loan disclosure forms, so that clients can sign and send it back.
  • House Listing & Details –
  • Agent Profiles –
  • Editable Rate Charts – Rate charts which can be editable as per your desire. You can add your interest rate. 10 available.
  • Market Rates –
  • Market Trends –
  • Payment Chart –
  • Best Rate Quote – Provides you the best interest rate available in the market
  • Best Rate Guarantee – Vouches the best rate available in the market.
  • Main Loan Types – Provides you the main loan types available thus picking the best loan scenario for you
  • Loan Programs – Details the loan programs so that you can decide which suits your scenario the best
  • Loan Process – Entails the loan process and its different steps so that you can be apprised with the loan progress.
  • Glossary of Mortgage Terms – Details the entire mortgage glossary for your information and education.
  • Bad Credit Loans – Details loan programs for the bruised or bad credit.
  • What is FICO? – Describes the credit score for you.
  • FAQs – Frequently asked questions for your general information
  • Contact Us Form – Fill out the form for one of the representatives to get in touch right away.
  • Company Information Page – Details Company’s back ground, mission and principle statements.
  • Contact Info on Every Page – Contact information is available on every page as a convenient tool for your clients to reach you. This feature can be turned ON or OFF per your desire.

Control Panel Features

 

  • House Listing & Details Management
  • Agent Profile Management
  • Good Faith Estimate Excel Sheets
  • Custom Menu Categories – Provides eight different custom menu categories
  • Custom Menu Buttons – Allows you to pick twenty eight different custom menu buttons
  • Choice of Website Templates – Allows you to pick from 28 ready-made template for your company
  • Custom Meta Tags
  • Custom Ticker Message
  • Custom Website Frame Color
  • Tell-A-Friend Feature – Enables you to send company’s link to your friend who can also enjoy the benefits of being iMortgageSites’s client.

Enterprise Mortgage Website Package

  • Mortgage Website Packages
    • Pro
    • Ultra
    • Enterprise
    • Custom Websites
    • Compare All Packages
  • Free Hosting
  • Custom Logo
  • Custom Website Design
  • Domain Registration
  • Website Process
Enterprise package provides maximum and state of the art features to optimize your productivity. Enterprise package ranges from every possible calculator to comprehensive educators to all possible loan forms and disclosures. It comprises every conceivable feature that a mortgage company or a high volume mortgage professional requires to operate a successful business. iMortgagesites.com offers unparalleled features developed by nation’s most experienced mortgage professional to help grow your business. We don’t just build websites we build mortgage businesses. All our website are composed of two sides i.e. Front end client’s website and data-driven back end to manage the site.

Administrative Features (back end)

  • 1003
  • Leads
  • Design
  • Realty
  • Interest
  • SEO & Marketing
  • Escrow
  • Appraisal
Create, Search, Edit, Print, Export, Email 1003 residential loan applications
Enable/Disable acknowledgement email to client and admin
Add, Update and Delete Loan Officers’ data.

Website Features (what your clients will see)

1003 Residential Loan Application
Step by step online complete 1003
1003 User Control Panel
Loan Officers
Unlimited Loan Officer’s Pages
Online Forms & Applications
Complete Online Loan Application
15 Minutes Full Online Loan Application
2 Minutes Quick Short Online Loan Application
Prequalification Form
Loan Advisor Request Form
Free Credit Report Request
Download & Print 1003 PDF
Disclosure Forms for both Conventional and FHA/VA loans.
Financial Calculators
Home Financing Calculators
Lease Calculators
Personal Financing Calculators
Investment Calculators
Retirement Calculators
Interest Rates
10 Editable Today’s Interest Rate
Payment Chart (comparison of monthly payments)
Instant Rate Quote Request
Best Rate Guarantee
Rate Alert Request Form
Realty
House Listing
Real Estate Agents’ Pages
Educators
Residential Mortgages and Home Loans
Home Appraisals & Appraisal Values
Mortgage Insurance & Home Insurance
Escrow Process & Title Insurance
Interest Rates & Types
Loan to Value & Debt-to-Income Ratio
Credit Score (FICO)
Bankruptcy Rules & Foreclosure Process
Company Information Pages
About Company
Contact Us Form
Company Employees Details
Office Map & Other Details
Partners & Affiliate Page
Jobs Openings
Privacy Policy
Terms & Conditions
FREE Hosting
500 MB Web Space
24/7 FTP Access
50 Free Email Accounts
Webmail
Unlimited Email Forwarding
Unlimited Autoresponders
Domain Forwarding
Spam and Virus Filters
Internet Traffic Analysis
Password protected directories
No Banners or PopUps, NO Ads at all !!
Misc
10 Additional Pages
Tell a Friend Page
Instant Email Notification
Application Auto Responders
Newsletter Signup *
Website Ticker *
Uplaod Your Logo
Choose Any Website Template

Website Features by imortgage sites

26 Feb

Secure Loan Application:

Secure step by step interactive complete 1003

Secure online Loan/mortgage applications

Online interactive original 1003 loan application (Fill & Submit)

Fill online original 1003 and submit with signatures

6 different loan applications to secure more loan leads

Disclosures forms for all states

Clients can sign disclosure forms online

State of the art lead generation tools

Unlimited mortgage articles

Unlimited mortgage news and updates

Interest Rates:

Loan Advisor request

Update and upload daily interest rates

Interest rate payment chart

Instant Rate Quotes           

Rate Alert Request

45 Calculators:

Home Financing Calculators

Lease Calculators

Personal Financing Calculators

Investment Calculators

Retirement Calculators

Mortgage Educators:

Residential Mortgage & Home Loans

Home Appraisal & Appraisal Values

Home Owner Insurance

Escrow Process

Title Insurance

Interest Rate & Interest Types

Loan to Value (LTV – CLTV)

Debt-to-Income Ratio

Credit Score (FICO)

Bankruptcy & Foreclosures

Mortgage Website:

Website setup time less than 5 minutes

Customize your website instantly

30+ Customizable Plug & Play Modules

30+ Customizable web pages

      Maximum customizability in the Industry

Add/Edit Unlimited Pages

State of the art advance Admin Panel

      Dynamic website look & feel

Free Web Hosting

Get your domain names instantly

Free email accounts for loan officers

Web base email accounts

Check your emails anywhere in the world

Set up email account to “Microsoft Outlook”

 

Loan Officers & Real Estate Agents:

      Add Loan officers & Real Estate Agents profiles

      Add unlimited home listings

      Get Mortgage & Real Estate Laws updates

      Get most recent mortgage and real estate forms

Customize Logo Flash/HTML graphics

Customize headers Flash/HTML graphics

Customized Main pages of your site “Flash”

3 website packages

Custom Website for small and large companies

100+ professionally designed templates

Change your template daily

      Open Escrow & Title online

      Get farming leads for free

Best Escrow rates & service in the nation

Personalized escrow service

Order Payoffs demands online

Order Appraisals nationwide online

Check property profiles nationwide

Create marketing flyers-post cards …

Customize your marketing campaign

Newsletter database to keep in contact with your customers

Why select iMortgageSites for loan origination.

As the internet continues to escalate and becoming further accessible to all individuals consequently the majority of businesses and their information are obtained over the internet, having a legit and professionally made website is almost inevitable for any and all business.  In this day and age a business is exclusively judged by its website and online presence.  The days of the Yellow Pages are emphatically concluded as we usher into the age of e-information and e-commerce; therefore, one must adapt to innovative and brilliant way of obtaining information and conducting business over the internet.  Recent study shows 81.3% of the business inquires are made through the internet.  Data collected by http://www.imortgagesites.com team.

Last year 71% of the home-owners inquire about the mortgage interest rates over the internet.  Home-owners belong to working class and therefore have no time what so ever to go through the referrals and yellow pages, however, they have unlimited access to the internet and therefore have the means to inquires about every element of mortgages and home buying process through the internet.

But having an internet presence and maintaining a website is expensive, time-consuming and troublesome task even for computer-savvy business owners. iMortgageSites takes out the trouble and expensive development fees so that businesses can focus more on their main objective, selling.  As a matter of fact, just one lead from your http://www.iMortgageSite.com ‘s Mortgage website can pay for a five years of website expense.

Benefits of having a mortgage website by http://www.imortgagesites.com

A website is a presentation tool used by many people for a variety of useful tasks including:

  • Providing support to your clients by providing mortgage and loan educator and online submission of loan application.
  • Online loan application submission speed up the loan process by weeks and provide mortgage companies vital information in a split of a second.
  • Online documentation and mortgage calculators for clients and mortgage officers to calculate the mortgage payments and amortization tables.
  • Providing press releases about your company. The first place people usually expect that information (especially clients) would be from the company’s website.
  • Selling variety of loan programs online which are other wise not available to home-owners.
  • To help increase your name recognition, while at the same time increasing sales with low overhead.
  • Legitimize your business and your online presence and become accessible to millions of clients over night.
  • Receiving feedback and comments from your users. The easiest way for people to submit comments is through a website. No paper or postage is necessary.
  • To teach people over the Internet. The Internet is a great educational tool, allowing clients to retrieve the latest mortgage and loan information.

What is an MTA Index?

26 Feb

AAMI recommends the MTA-indexed program as the number 1 mortgage offered today in the USA.  The COFI would be our 2nd choice; next would come either the COSI or CODI with the LIBOR coming in last place.  The first four programs work exactly the same way. E.g., four monthly payment options, a yearly 7.5% payment cap, a Life Cap, a fixed Margin, and a slow moving monthly Index (the LIBOR does not offer yearly payment cap protection), however there are some glaring differences:

  • History proves that the MTA-indexed mortgage has offered a lower fully-indexed Rate (Index + Margin) vs. the COFI, COSI and CODI’s fully-indexed Rate over the past 10-15 years.
  • Currently the MTA’s fully-indexed Rate is lower than the COFI, COSI and CODI.
  • MTA and COFI both offer a 9.95% life cap; however the COSI & CODI’s life cap is 11.95%.
  • MTA offers the lowest Margins (this is Key)
  • MTA offers a lower “Starting Rate” of 1.00% vs. the COFI’s 2.0%.  (Both the MTA and COFI’s initialStart Rate” is a true P.I. Rate for the first month. However, the COSI and CODI initial Start Rate of 1.5% – 1.95% begins {day one} with the fully-indexed Rate or Index + Margin.) 

Explanation of the MTA-Index:

The 12-month MTA-Index (Month Treasury Average) is based on the average annual monthly yields of U.S. Treasury Securities, (T-Bill) adjusted to a constant maturity of one year, as made available by the Federal Reserve.  This Index is determined by adding together the monthly yields for the most recent 12 months and dividing by 12.  Because it’s an average, higher yields in some months are offset by lower yields in others. This Index has averaged below 5% over the past 14 years.

If you add the current monthly MTA-Index to a Margin and it will equal the current monthly “fully-Indexed” Rate; the Margin never changes.  Over the last fourteen (14) years, with Mr. Greenspan continually increasing then decreasing the PRIME Lending Rate, the MTA-Index has averaged below 5%.  Therefore, if you’re worried about the Life Cap (Index + Margin) going up to its max of 9.95% you need to understand how the MTA moves. E.g., if you had a 2.0% Margin, the MTA-Index would be capped at 7.95%, or 9.95% – 2.0% = 7.95%. Again, this Index has averaged below 5% over the past 14 years. This low average is one of the main reasons why none of our past Clients have ever needed to refinance off of this mortgage program.  Because when Fixed-Rates start to drop so does the MTA-Index.  Moreover, when the Fixed-Rates start to move higher, the MTA-Index moves slightly higher, and very slowly.

The “Margin” is how the Lender makes their “profit”.  I.e., if the Margin is 2.95%, the Lender will always make 2.95% of the existing loan amount regardless of what the monthly Index does.  If the Index goes up, the Lender only earns 2.95%; if the Index goes down they only earn 2.95% of the new loan balance.  The Margin directly affects the monthly:

Principal and Interest (P.I.) payment or (Index + Margin x outstanding loan balance)

Fully-Indexed Rate (Index + Margin)

(Index + Margin x outstanding loan balance)

If you always make the Fully-Indexed payment (Scheduled payment), the 7.5% yearly Payment Cap will most likely never come into force, even if the Index increased for a long period of time. This is because of a “decreasing” loan balance. E.g., if you had a $250,000 balance on 01/01/04, and the fully indexed rate (Index + Margin) was 3.979% or 2.75% Margin + 1.229% Index; the fully-indexed payment would be $1,190.51. Let us assume the (next months) new Index increases by 0.05 bps to 1.234% (Margin is fixed for the life of loan); the new fully-Indexed Rate would be 3.984%. We can see that 3.984% is higher than 3.979% however, the new monthly payment would actually drop because the new loan balance would be lower. For example, $249,638 x 3.979% = $1,188.79.  If you only make the “Minimum” payment or “Interest-only” payments, the yearly 7.5% Payment Cap will come into play (on your next yearly anniversary date) and increase your prior year “payment” no more than 7.5%. (The 7.5% payment cap has nothing to do with your fully Indexed Rate or Index + Margin.)

  • Every month a mortgage statement will be mailed to you, (even though you can make payments electronically.)
  • You will be given the choice to pay the Scheduled payment, the “Minimum payment” or more than the Scheduled payment, e.g., a 15 year payment, every month.
  • Both payment options (“Minimum” and “Scheduled”) will pay your house off in 30 yrs. or less. (Read further information regarding your different pmt options.)

12 month MTA-Index January 1990 to present.  This Index has averaged below 5% over the past 14 years. (2 month lagging):

As of 2/01/2005:

The MTA Index over the past –

14 years has averaged

4.543%

The MTA Index over the past –

13 years has averaged

4.340%

The MTA Index over the past –

12 years has averaged

4.279%

The MTA Index over the past –

11 years has averaged

4.340%

The MTA Index over the past –

10 years has averaged

4.368%

The MTA Index over the past –

09 years has averaged

4.194%

The MTA Index over the past –

08 years has averaged

4.016%

The MTA Index over the past –

07 years has averaged

3.787%

The MTA Index over the past –

06 years has averaged

3.505%

The MTA Index over the past –

05 years has averaged

3.231%

The MTA Index over the past –

04 years has averaged

2.596%

The MTA Index over the past –

03 years has averaged

1.827%

The MTA Index over the past –

02 years has averaged

1.478%

The MTA Index over the past –

01 years has averaged

1.459%

 

What is an index?

An index is an independent, published economic indicator.  There is a wide variety of commonly used interest rate indices including the 12-Month Treasury Average Index (12-MTA), the 11th District Cost of Funds Index (COFI) and the 1- Year Constant Maturity Index (CMT).  Lenders use indices to establish the interest rate for an adjustable rate mortgage.  Additionally, ARM rates follow the movement of these indices.  The lender adds a specified number of percentage points, called a margin, to the index to establish the actual ARM interest rate.  For further details check out mortgage sites.

What is the 12-MTA?

The 12-Month Treasury Average Index (12-MTA) is based on the average annual yields on U.S. Treasury Securities adjusted to a constant maturity of one year, as made available by the Federal Reserve.  The 12 months average is determined by adding together the annual yields for the most recently available 12 months and dividing by 12.

Stability: The 12-MTA

The 12-MTA Index does not move up or down as rapidly as other market interest rates because the 12-MTA is an average of annual yields on U.S. Treasury Securities over a 12-month period.

As a result:

  • Higher yields are offset by lower yields on a monthly basis
  • It creates an index which is far less volatile than other indices
  • Interest rate increases take longer to affect the 12-MTA than other ARM indices

Historically, MTA adjustable home mortgage loans have not exhibited sharp interest rate increases such as those that occurred in the late 1980s. Additionally, unlike more volatile indices, the 12-MTA has never increased more than .25% in any month for over a decade.

MTA vs. Other Adjustable Loan Indices

The MTA is a very slow index. The index is nearly as stable as the world’s most stable index, The Cost of Savings Index. However, MTA adjustable home mortgage loans generally have better margins which are fixed through the lifetime of the mortgage.

Because the MTA is an average annual yield on U.S. Treasury Securities there is an inherent “lag” in the index which ultimately causes the index to move very slowly. Again, in any given month the index has never raised over .25% for the last decade.

Advantages of 12 Month MTA ARMs:

MTA adjustable home mortgage loans have several advantages. Flexibility in the monthly payment: It is one of the main advantages of MTA ARMs. With MTA adjustable home mortgage loans you will have a choice of payment options. Besides a full principle and interest and minimum payment options your MTA ARM will have an interest only payment option and also a 15 year amortization payment option. You have the ability to change payment options every month if you like.
Tax Planning: MTA adjustable home mortgage loans may be used for tax planning. The borrower can defer interest payments and at the end of the year, analyze their tax situation. If it serves their tax interests, they can make a lump sum payment toward any interest that has been deferred and deduct it for tax purposes.
Easy qualifying: Many MTA adjustable home mortgage loan lenders allow homebuyers with good credit to apply without documenting their income, assets, or source of down payment. This is helpful for self-employed borrowers or those who have jobs where it is difficult to document their income. Low initial rate: Most MTA ARMs are offered with a very low initial rate. Some lenders will allow you to qualify for a larger loan due to this initially lower rate.

Why Consider an MTA ARM:

  • The monthly payment is much lower than with a conventional loan (Low Initial Rate).
  • It is a good mortgage for those with less than perfect credit or if your debt ratio is too high.
  • It is a good mortgage for those living pay check to pay check, or if you need to reduce your monthly payments.
  • Monthly savings can be invested or used to pay off credit cards or to start or augment your savings and investments.
  • It is a good mortgage if you have a need to accumulate more assets, or the need to fund retirement accounts (higher return on your investments).
  • The MTA is a good fit for home buyers who own their own business, have a fluctuating income, or live on commission.
  • It is popular with people who invest in real estate.
  • It is more insulated against market changes.
  • It offers flexibility in your monthly payment – you will have a monthly choice of payment options.
  • The MTA ARM provides more opportunities for financially savvy borrowers who seek more customized and ultimately less costly home-finance choices.

What is a Website? What is a Mortgage Website?

26 Feb
What is a website?

In general, a web site is a place on the Internet that can be used to present something to the Internet audience.  A website is only a tiny portion of the vast Internet; a global network connecting millions and decentralizing by design. With a website, you will be able to present information about your company to your clients. A website is much like a book to be found in the largest library in the world. That is why it is important to make a website attractive so users would continue reading your website just like a book and their attention would be captured

Why do I need a Web site?
A website is like a necessity in today’s society. Millions of new users are connecting to the Internet from any part of the world at any time. People use the Web to do almost everything, including banking, shopping, and researching. Not only is it quick, convenient and easy, but it is always a changing environment. Newly updated sites always appear and there are always new things to explore on the Internet because of its comprehensiveness. A website is like a phone number, it is the first place people look before they do business with your company. If they don’t find you, they will then find your competitors. A website could present vital company information to the prospective client. Almost everyone can be a competitor now, whether you are a multimillion-dollar company or several hundred, visitors will base their judgment on the design of the website. Thus, there are endless opportunities on the Internet.
What is a Domain Name?
A domain name is an address on the Internet. It is the name people will remember when they want to go to your site. Like an address of someone’s physical home, a domain name allows you to easily visit his or her location on the Internet. The best domain names to select are those that are easy to memorize, simple, and great sounding. Great domain names help contribute to increased site visitors and return rates of visitors.
What can a Web site do for me?
A website is a presentation tool used by many people for a variety of useful tasks including:

  • Providing support to your clients by providing online chat support or online documentation.
  • Upon search of your site or what is being provided in your site your clients will find you in the major search engines like Google, Yahoo, and MSN.
  • Providing press releases about your company. The first place people usually expect that information (especially shareholders) would be from the company’s website.
  • Selling products online to people around the world at any time of day. This can help increase your name recognition, while at the same time increasing sales with low overhead.
  • Receiving feedback and comments from your users. The easiest way for people to submit comments is through a website. No paper or postage is necessary.
  • To teach people over the Internet. The Internet is a great educational tool, allowing students to retrieve the latest information on their subjects of study. Students can work at their own pace and attend classes at any time with ease.
Web hosting & Websites relation
Web hosting is required in order for websites to be put “live” on the Internet. Web hosting allows the website to exist on the World Wide Web. A computer that specializes in hosting stores the website so it can be accessed by any internet user during any time of the day. www.iMortgageSites.com offers free hosting to all its clients with an assurance that your website remain accessible with 99% reliability and impressive throughput speed.
Why buy a domain name.
Once you purchase a website, it is recommended that you purchase a second-level domain name without anything in front and behind it (with the exception of www.). This will become your permanent address on the Internet. If you don’t like the way your page is hosted, you can always move them to another host at any time and the page addresses will remain the same. Thus, nothing will be different for your site visitors.  Likewise, if you don’t like how the domain registrar maintains the domain name for you, you can transfer the name to another registrar and nothing will change. Just remember that the domain remains your property as long as you pay the fee for the name to the registrar. Purchasing your domain along with your hosting from iMortgageSites.com simplifies this process. You are not fully dependent on the company that provided you with the domain. If something happens to the domain registrar, you will lose all of your visitors and popularity because your pages will have the web address linking to a server that is no longer in existence. You would also have difficulty changing the DNS. Sign up at i mortgage sites for mortgage websites services.
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