Free Online Article Directory. For Article Authors & Publishers
Over 12,200 New Mortgage Prospects Are Added Every Day...Are You Getting Your Fair Share
Wow...what a number...and the purpose of this article is to help you realize the need to position yourself immediately (if you haven't done so already) to get your fair share of this exploding niche mortgage market! We're talking of course about our hot new niche...the "Reverse Mortgage" market.
Just so you know, here's how we arrived at 12,200 number: There are many that deal in statistics that suggest that about every seven (7) seconds someone in the United States turns 62 years of age, placing them in our elite group know as "Seniors" and eligible for a Reverse Mortgage loan.
So...based on the seven (7) second number, here's how all of this happens to works out...
1 new Senior prospect is added every 7 seconds,
8.57 new Senior prospects are added every minute,
510 new Senior prospects are added every hour,
12,240 new Senior prospects are added every day (24 hrs),
85,680 new Senior prospects are added every week,
342,720 new Senior prospects are added every month,
4,455,360 new Senior prospects are added every year (52 wk/yr).
In every day kind of terms...
If you spend two (2) hours shopping, running errands, or goofing off...1,020 Seniors will have been added,
If you average seven hours of sleep each night...3,570 Seniors will have been added,
If you take the weekend off...24,480 Seniors will have been added,
If it's a three (3) day holiday weekend...36,720 Seniors will have been added,
If you take a one (1) week vacation...85,680 Seniors will have been added,
If you watch television just one (1) per day for one (1) year ...186,150 Seniors will have been added,
If you take three (3) months to convince yourself that you should be involved...1,028,160 Seniors will have been added.
You're right if you're thinking that not all Seniors are property owners and eligible for a Reverse Mortgage. In fact, only 87% actually do. But, the new Reverse Mortgage purchase program recently announced will impact that number and increase your prospect numbers.
Now...If you think that your marketing area is a little light as far as the number of Seniors...think again! Here are some numbers from Senior Journal. The numbers are a little dated, but here's the top twenty (20) states according to them...
California 3,764,870
Florida 2,897,383
New York 2,488,959
Texas 2,175,256
Pennsylvania 1,901,764
Ohio 1,516,771
Illinois 1,507,377
Michigan 1,236,501
New Jersey 1,123,842
North Carolina 1,016,214
Massachusetts 856,982
Virginia 833,427
Georgia 826,506
Indiana 763,059
Missouri 759,980
Tennessee 726,683
Arizona 714,467
Wisconsin 711,987
Washington 690,583
Maryland 624,980
And, the states with the highest percent increase of Seniors during their ten (10) year tracking period...Nevada, Alaska, Arizona, New Mexico, and Colorado.
Every state in the union has a good Senior population, and it's just not growing...it's exploding. So...you can sit on the sidelines, complain about the current state of affairs, watch it all happen, and miss this great opportunity...or you can get involved, originate some mortgages, and guarantee your success for many years to come.
As a side note...if you took two (2) minutes to read this...14 new Reverse Mortgage prospects were added to the list. These are numbers you can fall in love with...so, I would be interested in your decision about being involved in the Reverse Mortgage market. Please feel free to let me know what that is!
Author Resource:-
Tom Domin is a founder of The Reverse Mortgage Mentor membership training site. Put your mortgage production back-on-track with the very best Reverse Mortgage marketing training. Sign-up for our $1.00 ten (10) day trial membership at http://www.TheReverseMortgageMentor.com/
Bottom line is that housing is much more affordable today than three years ago. This is causing downward pressure on inventory. Add to this that the pipe line is not being filled with new foreclosures as fast as it was even two years ago and you will see price appreciation.
It's not an easy decision to make as to whether you lease or purchase your business premises. Your company buildings such as offices, factories and warehouses may be your most expensive business venture, but they can also turn up to be the largest business investment too. It is therefore advisable to take some time to think over this huge decision.
My potential buyer was looking at the home with an eye to renovating it. She told me she would be buying this home without any financing. I almost said to her, "I can't not get you financing, you will have to buy it without something else." But I just smiled and told her that I felt sure this house would go quickly for cash. (most of our REO inventory sells for cash).
For the past three months Gail and I have been looking for a home to buy. Every few days I would check out new listings in the area we chose. We toured a few homes a week. We made an offer on a home on Wednesday. The offer was accepted. We still need to qualify for the mortgage and complete our home inspection, but I foresee no obstacles t a successful close
Here are the reasons we bought now...
During the current market environment, numerous people are looking for ways to save cash, and one avenue that is becoming very effective, is to benefit from refinancing mortgage. Home loan refinancing is basically exchanging an active loan deal and its connected interest rates with another mortgage.
Home loans help Canadians to pay for houses, cut back the interest rate on homes they currently have, and exploit otherwise abandoned house equity and invest the same into new start up. Minus the beneficial impact of mortgage loans, we might be compelled to buy our home with hard cash.
Mortgages facilitate Canadians to pay for homes, lower the rate of interest on homes they previously have, and tap otherwise untouched house equity and exploit it for home improvements. Devoid of the favorable influences of mortgage loans, it would have been compulsory to buy that home with money. Home mortgages are a lot more than mere property loans.
Home mortgages are a lot more than basic property loans. With the help of refinancing, you will be able to benefit from better rate of interest, longer or shorter pay off time, or save for old age! With the help of a home equity line of credit, you can consider that spare funds for those unpredicted emergencies which come about.
The number of houses in foreclosure has escalated to more than 13 million houses across the nation. While no homeowner wants to have their property foreclosed upon by the bank, many have no other option. Mortgagors that want to avoid foreclosure have to be very proactive the second they cannot afford their loan installment.
Consequently the adjustment keeps on happening for that reason you in fact ought to check for a couple of days or weeks just before settling for any mortgage loan. While the rates are available with the bankers and also the loan providers however to elude moving from one place to another it's a good idea to search for online mortgage quotes by surfing the world-wide-web.
![[Valid RSS feed]](http://www.articlelisted.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Tom Domin's Author Feed
Print This Article
Add To Favorites 