The 7 Pound Loan

Mortgage and Lending with Mortgage Magic

We used to talk about big loans in terms of loan amount. One time I wrote an $8,000,000 first mortgage with a $500,000 second for the same client. Back as far as 1979 I wrote a $1,000,000 second mortgage loan. But today when I say I wrote I big loan, I either measure the loan or weigh it.

I just wrote my biggest loan. It is just over 7 pounds. I thought that was a record but when I mentioned the loan to a loan officer in my office; Tom Tran- he told me that he just wrote a 7 pound loan. For the record Tom's loan came in at 7.2 pounds and mine came in at 7.4. These are BIG loans.

 Here is a video clip of the loans


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
mortgage magic
doug jones
buyers realty
big loans
tom tran

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Jarrett Wing
Shasta Lake, CA

This is fun.  I thought the stack was going to be larger.  Did they initial every page?  :)

Jen WIng

Jun 14, 2010 05:00 PM #1
Rodney Mason
On Q Financial - Atlanta, GA
FHA 203(k) & HomeStyle Renovation-AL,GA,TN

The loan files are definitely thicker these days.  We have self-employed borrower to thank for most of that.  Those tax returns can really take up space.

Jun 14, 2010 09:56 PM #2
Matt Grohe
RE/MAX Real Estate Concepts - Des Moines, IA
RE/MAX Des Moines

Doug: Do you think loans are going to get heavier or lighter in the future?

Jun 14, 2010 10:53 PM #3
Doug Jones
Mortgage Magic - San Jose, CA
Mortgage Broker - NMLS 286668

Matt...I think for a few years we are going to have fat babys! But at least they will be healthy

Jun 14, 2010 11:11 PM #4
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?