Doug Jones's (dougj) Blog

Mortgage and Lending - Mortgage Magic



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This is an emotional blog. I am suppressing my anger so don't expect any well thought out logic here.For several years the banks offered the NINA loans (No income no asset) and did so based on credit scores only. They offered these loans at 100%. I always criticized them for making these loans be...
Our brain and nervous system cannot tell the difference between a 'real' experience and one which is vividly imagined. Maxwell MaltzIt is a well known fact that one comes, finally , to believe whatever one repeats to one's self, whether the statement be true or false, Napoleon HillThe subconsciou...
Occasionally I overhear someone say, "Affirmations don't work." Of course, they work. Think about the statement that affirmations don't work. That in itself is an affirmation. What the person probably meant is that a goal was set and was not achieved through affirmations. The problem is that ever...
So many will never reach their potential because they are not willing to do the work required. Success means work. Mark Twain was to have said, "Tell me what you want and I will tell you how to get it. The problem is, most people don't know what they want."I looked that quote up on Google and cou...
Mortgage and Real Estate Professionals will understand and appreciate the title completely. Goodwill and complete honesty are the back bone for any professional business.Over the past 10 years I estimate that I have talked more than 50% of clients who visit me out of refinancing. I only earn a co...
I have never been a fan of credit scores. Miss a payment and your score falls dramatically but once you cure the problem the score increases very slowly. This reminds me of the way Congress presents tax increases or reductions; a $1000 a year increase is a "slight" increase whereas a $100 cut is ...
Here is a financial win/win that so few people know about. Realtors and sellers are frustrated because their listings are remaining stagnant. Home sales in many parts of the country are not moving. Buyers are frustrated because loan qualification has become more difficult and they need more money...
If you told me what I am about to tell you, I would not believe you !  I received a call from a lady who had viewed a recent Mortgage Magic TV Show about market problems in general. She was concerned about her loan and wanted me to review her papers because she felt she had made some bad decision...

Doug Jones

Mortgage Broker - NMLS 286668
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