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The Mortgage; The Merrier...

By
Services for Real Estate Pros with Auto & Home & Life Insurance throughout North Carolina

and when it's over, very little of it means a thing.

You've got to love old movies.  Sometimes they inspire what thousands of "Real Life" occurences will never.  Such is this title.

According to Wikipedia, the word 'mortgage' comes from the Old French "dead pledge," apparently meaning that the pledge ends (dies) either when the obligation is fulfilled or the property is taken through foreclosure.[1]

Foreclosure, ahhh... the popular term these days.  Not so popular, but more common than it should be.  When I found out that it had even the hint of death attached to its definition, I was pleasantly curious.  While I rarely (okay, more times than rarely) wish negative things on those around me, I wanted to dive back into what I did for eight years.  As I've written before, I didn't even know what a mortgage was before entering the Lending Industry.   That's what a College Degree in Psychology and four years of partying got me ... thinking that you could live like Jim Morrison, die at 27, and have lived out your life in full in the process.   In retrospect, I suppose I knew what it was all along.  A mortgage is the world around you, telling you, that very little can be accomplished totally alone.

When I got into the business, it was because I wanted to get out of the Restaurant Biz.  I wanted a career, money, and an appropriate outlet to wear stalkings (or stockings, whichever is preferred) while quoting interest rates to total strangers.  Silly me, I ended up in freaking heels.  Kidding, of course.  It was more of a buttoned down robe with velvet slippers.

And then I got fed up, without enough to eat.  I breathed air that I didn't have the lungs to continue to breathe.  It wasn't fun anymore.  A Mortgage, for me, was death.  At the tender (okay, it's not as tender as it was when I was 22 and wishing my Mother a goodnight as she was wishing me a good morning at 6:00 AM) age of 33, I was a ball of nerves in a world of incompetence.  The ‘big hitters' that surrounded me were nothing more than loud-mouthed, well, some of them were really good people.  Some of them still are. 

Unless you're liquid (read>>>have cash in bulk) you'll need a Mortgage to buy a home.  And buying a home, I believe, is a nice start to financial security and maturity.  Sure, it's a pain in the posterior at times, yet if you can find the right Guy or Gal to help you along the path ... it could very well be, quite righteous. 

A Mortgage is death, as is Life.  It's inevitable and seems good business and spiritual sense.

It's not always necessary and it's not always evil.  It's just a mortgage.   And with or without it, you probably could be merrier.  But if you are with it,  just don't fight with it alone...

 

 

Comments (16)

William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Jason,

It could be worse the French taught our Aborigines to scalp! They also used the guillotine on their own dissidents! Those were serious death pledges!

Bill

 

PS: Maybe we could try mediation? Get you a fresh brisk, instead!

Jan 22, 2010 02:59 PM
Celeste "SALLY" Cheeseman
Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Hey...I'm merry and happy with it...so without it I'd be very merry too. :)

 

Jan 22, 2010 03:29 PM
Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker

Too deep for me, Jason, but the tags are freaking hysterical.

Jan 22, 2010 03:30 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

mediation sounds good ..have you tried it??

Jan 22, 2010 03:33 PM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Jason, I'd love to be mortgage free, but having one allowed us to buy a house, so it's not all bad.

Jan 22, 2010 04:50 PM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Sharon - True that.  And hey, it's also a tax write-off than can come in handy.

Hannah - Not quite yet.  But I'll take that into account:)

Lisa - I'm not sure where this one will come up in Google, yet "interesting" tags have always captured my fancy.

Sis - You're just a merry type of gal.  And I love that:)

Bill - Some hardcore folks, for sure.  Are you positive I'm the one who needs a fresh brisk?

Jan 22, 2010 09:09 PM
The Somers Team
The Somers Team at KW Philadelphia - Philadelphia, PA
Delivering Real Estate Happiness

Jason - And dont forget that many are underwater with their mortgages, so there is a lot of drowning out there... hopefully we all stay afloat though and make it through.  Hey, without mortgages, there would not be mortgage interest tax deductions !  Death and taxes : )

Jan 22, 2010 10:23 PM
Tanya Nouwens
Immeubles Deakin Realty - Montreal West Island, QC
Montreal Real Estate Broker & Stager

So, does this mean that you're back in, Mr, Sardi? And if so, is it because there really is something noble about a profession that has fatalistic origins? Or because there is something noble about helping people on the road to merriment? Are you in it because you're morbid, Sardi, or because you like to help people achieve their goals?  Or are you just noble?  -- Tanya in Montreal

Jan 22, 2010 11:37 PM
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Welcome back, Sardi.  Great post...love the tags...I saw them right away and nearly LMAO! 

Jan 23, 2010 12:04 AM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Chris - Confucious says, "Learn how to swim."  Actually, that's one of the benefits of the knowledge I have under my belly button; I can help folks paddle through rough waters.  I've been there myself.  While I could have married rich and made dinero one less worry in life, I fell in love with a beautiful and soulful dame who I'd rather create riches with ... than reap them automatically.  

Death & Taxes, for sure.  If you don't pay your taxes, you at least get room and board.  With death, well, I have no clue on that finalized equation.

Tanya -  Short answer is no.  I believe there is nobility in every profession, though.  Every profession represents a life.  And I don't consider myself morbid, per se.  We're all going to die ... that's a fact as far as I know.  In the interim, I hope we can all achieve our best and brightest being.  In short, I'm "in" because I haven't optioned out.  Then again, then again ... is that "vague" enough?

Jan 23, 2010 12:06 AM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Suzanne - Don't LYAO, for that might disable you from eating Chili Dogs in the near future.  An ass comes in quite handy when dealing with such a food group;)

Jan 23, 2010 12:09 AM
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Jason, I can relate to the Death part back to the Lender. There's something Biblical about the borrower being the slave to the lender. That's why if you are liquid as you say, cash deals with cars and homes it is so freeing. But then you wouldn't have a job. But on the borrower/homeowner side SUCH FREEDOM. The Hell with death. You're a free man (except for darn taxes, insurance and homeowners fees LOL). Someone ALWAYS has their hand in your pocket.

Jan 23, 2010 05:02 AM
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Jason - Mortgage is death.  Wow.  Cool stuff bro.  What size heels do you wear?  If they're size 9-10 may I borrow them and the robe?

Jan 23, 2010 01:10 PM
Jason Sardi
Auto & Home & Life Insurance throughout North Carolina - Charlotte, NC
Your Agent for Life

Gary - Well put.  That's why I don't wear pockets no more;)

Nevin - Ten & a half, but you should fit in quite nicely.  And the robe is all yours;)

Jan 23, 2010 05:11 PM
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

With or without them, life will go on. I have one and I have a home so I guess it has afforded me the ability to throw roof over my head.

Jan 24, 2010 01:00 PM
Not a real person
San Diego, CA

I think the real estate market, the economy, and the world as a whole would be much better off if we could get back to buying a home with a mortgage, living in that home, raising a family in that home, burning the mortgage papers when the mortgage is paid off (see All In The Family), retiring in that home, and even dying in that home.

Alas, those days are gone. Where's my next cash machine?

Feb 17, 2010 09:38 PM