Hi it's James Martell here.
Thanks for bidding on my project.
I am looking to have a 1,500+ word article written offering 8 tips on mortgage refinance preparation.
I am looking for a feature piece. I need this to be well researched and well written.
I want the article to include 8 tips. I have provided them below, but I need you to research and flesh them out. Each tip need a title and then description.
Tip #2 - Calculate Your Debt-to-Income Ratio - This will determine the maximum amount a bank is willing to lend you. (expand on this, explain what it is, how to do it, benefits of doing so, etc.). This tips need to be very good.
I want a lot of life in this article. It should begin by addressing the challenges they are up against of front. They are probably sealing with some anxiety, etc. I want the reader to fell like we are talking directly to them because they are.
We should address upfront before the tips the many reasons why someone maybe looking to refinance a home, and the possible benefits for doing soo.
We need to address why it's important to get prepared be for filling on the mortgage application to increase their chances for a favorable outcome and getting the best rate.
I would like you to include the following keywords in the article:
- refinancing a home (x5)
- refinancing a mortgage (x4)
- refinancing a home loan (x2)
- refinancing mortgage (x1)
- mortgage refinance (x1)
The article also needs a great headline. I want something real catchy. I like the look of the headline and the sub-headline in red here:
I would also like to have you write for me a headline and short description for Facebook. The one attached works with the article shared above. I would like something similar for our article. These headlines are extremely well done. I would like you to model their structure.
I would like the article to wrap-up with a strong call to action.
I am note sure what a fair price is for this article so I set it to $80. You can ignore that and bid what you feel is fair.
I am looking for someone who can get started right away, and can complete this in two days, three days max.
I look forward to seeing your bid.
PS - These are the 8 tips:
Tip #1 – Know your FICO credit score before evaluating lending options. The FICO score is what lenders evaluate when determining loan approval. The higher the FICO score, the better rate you’ll secure from a lender. We could even direct listeners to a credit monitoring service affiliate program and generate revenue from it.
Tip #2 – Calculate your debt-to-income ratio. This will determine the maximum amount a bank is willing to lend you.
Tip #3 – Payoff all credit card balances, and try to rid yourself of any auto or student loans. You want as clean a slate as possible when the lender checks your background finances.
Tip #4 – Obtain pre-approved mortgage quotes from at least “3” different lender sources based on the maximum amount you’re interested in borrowing. This is where we can suggest Quicken Loans, perhaps a traditional bank like Wells Fargo or Chase, and one mortgage loan aggregator like LendingTree that provides quotes to multiple lender options at once.
Tip #5 – Read the fine print as part of the loan terms. Make sure the loan quote does not contain any sort of pre-payment penalty, and see if you can remove or negotiate down any closing costs if they exist. The type of loan you choose, whether it be a 10-year, 15-year, or 30-year fixed loan is dependent on how long your see yourself residing in the residence. Always try and go with a solid fixed rate loan. Stay away from adjustable rates.
Tip #6 – Have enough cash available for the down payment, and DO NOT over-extend yourself. Although 20% down is standard with most home purchases, make sure to have enough cash on hand after the down payment.
Tip #7 – If you’re a first time home buyer, see if you quality for a government backed Federal Housing Administration (FHA) loan.
Tip #8 – Based on the loan quote from the lender, know how much of your monthly payment will pay-off the principle balance.