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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
YAHOO!! Rates are going down!!!  We'll aren't they?  Simple question but it has a complex answer, and one I've already been asked twice today.  My answer to their question wasn't totally what they expected.  The answer is "NO" today's federal reserve cut does not mean long term rates are going an...
09/18/2007
I've always respected Alan Greenspan.  But his recent comments regarding the "Housing Bubble" make me question if he was only politically grandstanding at the time, or is he grandstanding now.  Let's go back to June 10th of 2005.  At the time Greenspan made the infamous speech about the housing m...
09/17/2007
 My partner and I just sent out a 5x7 postcard to all our former clients through a pretty cool company called Sendoutcards.com, then we followed up with a phone call to update them on our recent move we made to a new mortgage company.  We've found this to be awesome!  Think about it, they are hea...
09/07/2007
If you have a FICO over 680, and your mortgage needs are less then $417,000, and you have document-able income, then you are in perfect shape to take advantage of dropping interest rates.  Yes, rates are falling and they maybe going down even further.  Thanks to the Labor report today, the Federa...
09/07/2007
I've been in the mortgage industry for over 10 years now, I've been involved in two up markets, and two down markets.  Some years it feels like a roller coaster that has no end in site!  There are a number of other problems with selling real estate or mortgages, the biggest is that most of your c...
09/06/2007
Man, after reading this article today, I'm wondering if the guys in pin strip suits really know what's going on with this economy.  Fed ArticleAre these guy's really as smart as everyone thinks?  Normally most financial indicators are from previous months production numbers.  These guy's are stil...
09/06/2007
Just received this letter from our Primary Lending Manager.  In the state of Utah we're regulated by the Department of Real Estate, and the DRE has attempted to model the mortgage industry after the real estate industry.  In other words, the PLM or Broker is responsible for all agents that work u...
09/06/2007
They haven't written the history books yet to describe this last month, but it maybe referred to as the Sub-prime Panic of 2007.  What's even more amazing is the similarities between 2007 and 1907.In 1907 the country went through a fairly scary period from March of 1907 through October 1907.  Sto...
08/24/2007
Like it or not when markets go through a down cycle, businesses often cut costs.  Sometimes their cut's make no logical sense, but other times they can be brilliant.  Many of you are self employed like myself, and the one who makes decisions on cutting costs usually comes down to ones self.My par...
08/23/2007
I was scrolling down my blog page, and noticed something that surprised me.  The months that I've blogged the most have also been my most productive in terms of income.  I'm not sure how in correlates, but it's intersting to say the least.  Now when my wife or business partner complains about my ...
08/23/2007
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