John Meussner's Blog

Delayed Financing in Lenoir City, TN Many of our clients come to my team due to our expertise in delayed financing.  Recently, we got a call from a potential customer that was working with another lender who couldn't quite figure it out.  Many lenders struggle with delayed financing or don't know...

The JM Loans Team Now Covers South Dakota, Minnesota & Wisconsin I'm pleased to announce that as of today, June 16, 2022 the states of Wisconsin , South Dakota, and Minnesota have granted approval for our team to operate as mortgage bankers within the states.  This is very exciting news as we con...

The Fed Raises Rates .75 - June 15, 2022 The Fed has announced that they are raising the Fed funds rate by .75 as a result of this week's meeting.  This rate hike represents the biggest single increase since 1994, and comes on the heels of a hotter than expected inflation report last week.  The F...

Will Inflation Continue? The question of inflation is a tricky one for several reasons, perhaps the biggest being that the Fed is in damage control mode.  They're playing catch up in reckoning with their ignorance and incorrect actions based on their belief that the inflation we're knee-deep in w...

One Million Points!  After this post and May's contest points come through, I'm guaranteed to join the prestigious 1M point club!  And a long, strange journey it has been.   My ActiveRain blog began in March 2010 with a member's only post called "No Fund!".  I find it somewhat amusing that at the...

"We haven't heard anything from her since Monday""Is there a problem?""We're not sure what's going on" These are some common phrases I hear when a loan goes off the rails.  Especially amongst newer loan officers with little experience, but even amongst more experienced loan officers, a loan going...

I would do anything for loans, but I won't do that Answer the phone at all hours of the day?  Work weekends?  Over-communicate, even when the communication is not fun?  Yep.  Check.  Check.  And check.  Invest in my business to provide what I feel is the best possible loan experience?  Done.   Wh...

Debt & Equity Consumer debt is UP!  Way up.  In part, this is due to the financing of things normally financed (cars, homes) becoming more expensive with home prices skyrocketing over the past 2 years and cars becoming more expensive due to supply chain issues..  But credit card debt has risen as...

1. What was your first job and what did you learn from it?My actual first job was shoveling snow and mowing lawns in elementary school. A friend and I started "J & B Yard Services" and went door to door with flyers. My first "real" job was slave labor (I'm only partly kidding!) at a dry cleaners....

Celebrate Your Wins When I first started in the mortgage business in 2006, it was a different world in a lot of ways.  I didn't have a 'business', I had leads.  10/day, which turned into 50/week, which turned into 200/month.  Leads about as cold as they come.   A name, and a phone number, and tha...