“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.
ARCHIVED BLOG POSTS
I'd like to thank a number of your comments regarding my last blog entry. I'm new to this network, and so I'm still trying to figure out how to respond to the comments I received in my previous article about Mortgage loan officers becoming the true gatekeepers of most real estate transactions.No...
In my previous article I referenced that a mortgage professional should strive to be more then a rate retriever. If a loan officer takes this to heart, or in other words they begin understanding their real value, then a whole world opens up to their future business. Here is why I believe that t...
If your reading this, you've probably experienced the typical loan process. The loan officer makes contact, or you contact them. They ask you how they can help you. You tell them that you want the lowest rate, the lowest fee's, and that you've contacted three other companies that will probably...