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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.

ARCHIVED BLOG POSTS

2007 

Interesting article on Reuters website this morning.....ARTICLE... Basically the suggestion is that Bankruptcy judges be given the same power to affect mortgage loans as they can adjust other consumer related loans, like auto and credit cards payments.   In effect, a judge could reduce the rate, ...
10/31/2007
I like others have noticed my local gas prices skyrocketing.  Last year I figured it was because of low gasoline supplies.  This year it's not the reason at all.  Oil prices are quickly climbing to a $100.00 a barrel.  The problem is that like our bloated real estate market, oil really doesn't co...
10/30/2007
Recently I was clicking through my 400 channels of DirectTV. I happened across the Suze Orman show.  I've been in the financial world for some time now, so naturally I watch with a somewhat jaded eye.  Normally these shows come across as a cross between pop-finance and pop-psychology.  This show ...
10/29/2007
My partner and I have been discussing a number of seminars that we can offer our clients.  We want to provide an overall financial package that includes everything, from buying your first home, to planning retirement.  One problem we've noticed that throw most people off track is debt.  The one b...
10/29/2007
Hate to be the bearer of bad news, but it looks like First Horizon Mortgage and First Franklin, owned by Merrill Lynch, are going to pull the plugs on their respective companies this week.  My processor just was informed that First Horizon is not taking new files, and recent posts by First Frankl...
10/29/2007
If anyone followed the Louisina and Mississippi real estate markets after Hurrican Katrina, you'd know that there was a huge boom in values in those regions.  Over 850,000 properties were destroyed during the Hurricans, and the federal government pumped in billions of dollars in the recovery effo...
10/25/2007
Hopefully some of you read my headline carefully.  Let me repeat it once again, "why you want to use the mortgage merge account strategy and NEVER pay off your mortgage".  So what if the MMA?  It's actually a program or software that was developed to accelerate the payoff of an amortized mortgage...
10/23/2007
CWBC, Countrywide Bank is jumping to the front of the pack once again.  Smart move by Countrywide in terms of modifying  the mortgage terms on their customers loans.  countrywide story Earlier this year I attended a mortgage planning seminar in Las Vegas, one of the speakers was a former federal ...
10/23/2007
According to the media, according to numerous blogs and internet posts a recession is just around the corner. But as history show's us, is a recession really going to hit in 2007-2008.  This recent article I found may make you rethink that we're heading into a recession...atleast within the next ...
10/22/2007
I'm not a physician, but I'm going to venture and offer a explanation for those in our industry who are worried about the roof falling in on them.  Look, it's called MIP (Media induced paralysis), and the only way to avoid it is STOP watching CNN Market-watch, and stop hanging out at www.Mortgage...
10/19/2007
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