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The Internet can be a useful tool for finding pre-qualified refinancing leads. A quick Google or Yahoo! search will turn up thousands of companies that want to sell leads to you. If you aren't using the Internet to find leads, then you might be losing thousands of dollars of income. Then again, by using the Internet to find your leads, you run the risk of losing thousands of dollars of income! Your ability to make money by following the leads that you buy from online companies largely depends on how you decide which company to buy pre-qualified mortgage refinancing leads from. There are a few things that you should look for when you're considering a company you haven't used before. By following these tips, you lessen the possibility of getting scammed or that the leads will cause you problems in the future. Living in a Scammer's Paradise The Internet can be a great resource for everyone, and that includes scam artists. The Internet provides scammers with anonymity. They might exist online, but where are they in the physical world? While most countries have laws that should prevent scammers from playing their deceitful games, in reality, a lot of governments have bigger concerns. While you might not be able to spot an illegitimate business every time, there are some tips that can help you identify them. Most scammers aren't concerned about the appearance of their websites. They rely on bold claims to reel in the suckers. They frequently set up a site and then move on to their next "project." You should view a company's website the same way that you would their office. A website that has broken links, garbled English, and layouts that look like they were thrown together by a four-year-old on a deadline probably won't offer you the same professionalism as a company that maintains a good presence on the Web. The leads that you get from them, if you get them at all, might not lead to much. Have We Got a Deal for You! Be wary of bold claims. When you see large amounts of leads being sold at ridiculously low prices, you should wonder exactly how the company that's selling them is making any money. Imagine if you found out that a broker was offering mortgage rates of one percent throughout the duration of the mortgage. You'd laugh yourself silly. Obviously something is wrong with those claims, so wouldn't you think that something wrong was going on? No one could possibly run a business with such cheap rates. You should feel the same way when you find a company that's willing to sell you thousands of pre-qualified mortgage refinancing leads at a fraction of the price that other companies sell them. You might think that it's worth trying, but once a scam artist has your credit number, you might find that your $50 investment has suddenly become $5,000. Follow your gut; if something doesn't feel right, then don't take the offer. Who Pre-qualified Whom for What? It's not just scammers that you need to be worried about. Legitimate companies have different qualifications, so you might find that a pre-qualified lead isn't one that you'd personally pursue. You can't assume that the company that pre-qualified the potential customer has the same qualification requirements that you do. After all, you're the one taking the risk, so you will probably be a little more choosy. Ask the company that you're buying pre-qualified mortgage refinancing leads from what protocols they used for determining the person's qualification. If they don't match your own, then you might want to pass on the leads. If the loan were to default later because the borrower can't make payments, you're going to be the one that suffers. |