Escaping the Matrix - A blog for the financially fit!

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“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.



Today was a great day!  Sunny, over 50 degrees and the snow is melting quickly!  It's been a snowy winter, and I for one am happy it's almost over.  The other great news was the sounds of the 10 year bond dropping through the floor!  Yes, mortgage rates are getting better once again, which is swe...
Recently I've been forced to face a number of realities, and some of them have been eye opening.  Often in any industry complacency can take hold after years of doing the same thing over and over again.  I've witnessed this myself in my own practice.  For months my partner and I have watched our ...
Most consumers are worried about interest rates, but recent bloomberg articles and headlines in my local paper are now postulating the theory that Stagflation may rear its ugly head!  What's stagflation, well the simple definition is that it means that interest rates increase, wages decrease, bus...
Here we go again, another rant by Karl about the evils of the mortgage merge account.  I guess there wouldn't be the negativity on my end if I actually knew it was working in most cases.  I had to chuckle, one such comment was from a gentleman who had paid down his mortgage by 20k in about 8 or 9...
This blog post is a direct response to a number of comments I read from the following Desert News article..,5143,695253362,00.html It's interesting to read most of these comments in regards to this article.  Allot of doom and gloom and I wonder if some people p...
Well it's Monday morning and for some reason I wasn't able to sleep past 5:30 this morning.  Normally you can't pry me out of bed until 7:00.  Part of the problem is that as soon as my eyes opened my brain began telling me how messed up everything is right now in our national market, but more imp...
Those whom read my blog know that I'm not the biggest fan of the Mortgage Merge Account, or what some like to call the Australian Mortgage Acceleration system.  For the last few years I've had wholesale rep's from CMG wholesale and MacQuarie bank explain how some Europeans and Australians manage ...
Actually I'm not angry at Jeff, I appreciate his newest post in regards to closing costs with mortgage loans.  I totally agree that the current system is flawed!  The biggest problem with closing cost's is everyone has an excuse why it can't be fixed.  The big problem that most mortgage professio...
If your getting any invitations to put your money into quick return investment programs that are secured by real estate. RUN!!!  If your pushing these programs, you better get a good attorney, this man in Ogden is going to be in jail for some time!Ogden, Utah man arrested for real estate fraud! T...
Some whom read this article maybe aware there is a housing crisis in our country right now.  The fact is that we've never witnessed this type of slide in my lifetime.  Certainly not every market is the same, in certain regions the storm isn't as strong, but the effects can be felt never the less....

Karl Christen

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