no longer valid

Follow me
By
Education & Training - Independent Leadership & Financial Fitness Consultant
“Whoever does not wish to render history incomprehensible by departmentalizing it – political, economic, social – would perhaps take the view that it is in essence a battle of dominant wills, fighting in every way they can for the material which is common to everything they construct: the human labor force.” – Bertrand De Jouvenel I used to be part of the problem, now I'm hoping to be part of the solution. For 20 years I've helped families in Utah acquire loans. I refinanced hundreds if not a thousand mortgages, I've also helped hundreds of home buyers throughout Utah and other locations. Though I didn't realize at the time I was part of a economic system that is strangling and subjecting millions to economic slavery. I'm not suggesting that mortgage lending is "evil" or unnecessary, however, even after the Mortgage Meltdown in 2007, we still give money to millions who are not ready, nor have the "thinking" or "habits" they need to pay down their mortgage. I always knew that the posted rates we gave our borrowers were based on our customers paying their entire loan off over 15 or 30 years. What the borrowers never realized is what the "REAL" interest rate they were being charged by their banks. This blog will hopefully help those ethical mortgage and real estate agents who understand the great responsibility they have in helping their customers acquire what we call the "American Dream". I hope this blog also gives the prospective homeowner prepare themselves financially for making such an important purchase decision. I also want to caution those homeowners considering their mortgage as a giant piggy bank to draw against for expenses that will never provide any type of long lasting return. Thanks for reading my blog.
RECENT BLOG POSTS
I'm a playoff fan of major league baseball. So I'll never claim that I'm a die hard fan. But the recent success of the Colorado Rockies has been fascinating to me.  Not more then a few weeks ago the Rockies playoff hopes were about gone.  But starting about 30 days ago, Colorado has won 20 of 21 ...
10/15/2007
Call it Karma, or "what goes around comes around", but loan fraud isn't not just perpetrated by mortgage or real estate professionals.  The recent proliferation of investment guru education has brought "institutional" fraud to a whole new level.  The "students" of these schemes think their immune...
09/27/2007
This post should relate to most of us who are in sales and have attended a sales related seminar.  Earlier today I was involved in a conference call with several of my colleagues.  We all had one thing in common, we all attended a mortgage planning conference in Las Vegas this last June.  The gen...
09/24/2007
Don't get me wrong, I personally love Active Rain. However, it's probably not coincidence that if someone mentions Active Rain in their headline or first paragraph of their blog, that they will be featured!  Sure it needs to be grammatical, but it's just odd that 3 or 4 feature blogs happen to be...
09/24/2007
Then you may want to speak to a licensed mortgage loan officer that has a strong emphasis in retirement planning.  Few seniors understand reverse mortgage products, and many figure they can barely survive on social security and therefore do not take advantage of higher end Medicare supplemental p...
09/21/2007
I need some advice on what to tell one of my good clients.  I've been working with this client for years, we're now good friends.  But now there is a situation where my friend can lose allot of money.  I feel responsible somewhat because I introduced him to the person he's having problems with at...
09/20/2007
This is to all you mortgage professionals that are still hanging in there.  Just wanted to share a great story of what a reverse mortgage can do for someone, and that opportunities are all around us every day!My Aunt called me from a recent card campaign that I had sent.  She had a question in re...
09/19/2007
Here are some interesting myths that I can admit that I've had before understanding the product.Heirs will be against home-owner getting a reverse mortgage.  This one I've seen myself with my own family. I know my parents would have found it much easier to care for their elderly parents with this...
09/19/2007
Here are a few helpful basics if your thinking of getting a reverse mortgage.Reverse Mortgages are loans for seniors homeowners age 62 years or older with sufficient equity.No income qualification.No monthly mortgage payments.No asset qualification.Minimal credit verification requirements.Repayme...
09/19/2007
The current mortgage market is in turmoil.  Like any industry we go through Fad's.  A mortgage Fad is a mortgage product that gains enormous popularity, then fades into the background for many various reasons.  An example of this would be what we now fondly call "Liar" loans.  Stated programs hav...
09/19/2007
Rainer
73,181

K C

local_phone801-599-4291
Contact The Author