Question:

Should I use adjustable rate mortgage (ARM) leads at all?

Answer:

If you are a lender, you may be wondering whether buying adjustable rate mortgage (ARM) leads is worth the hassle at all.

A detailed ARM lead will include property type and address, buyer name(s), ARM amount, initial rate, date to recast index, margin, adjustment caps, etc.

Adjustable rate mortgage (ARM) leads are supposed to be collected from courthouse documents and are supposed to be constantly updated. To check whether adjustable rate mortgage (ARM) leads will work for you, you may try buying a smaller patch of leads and see for yourself if leads are reliable and whether there are real people and ARMs sitting behind.

Usually, a quality adjustable rate mortgage leads provider will have a return policy, different subscription levels and will ask for feedback trying to ensure high level customer satisfaction.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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