Reality is sometimes hard to deal with. I recently got back from vacation, and coming back to work has been really hard. Its hard to comeback after spending a week visiting places I may never see again. But I realized I cannot live on a cruise ship for the rest of my life, and that I had people I needed to help when I get back. So now I am back and wanted to get busy right away. What's funny about being gone, is how quickly life zooms right by you. Halloween is approaching and then follows the rest of the family holidays, and I am not prepared. I feel most of us today are really not prepared for things to come.
In my own business of mortgage lending, I have noticed that some of my own clients are not prepared. They are not prepared to deal with the reality that their Adjustable Rate Mortgage (ARM's) will be changing and they may need to refinance to keep their mortgage payment affordable. Some need to fix or clean up their credit to make this happen. I just want to see all my clients be able to refinance and get into better mortgage terms. Within the next 2 years there will be over 2 million (ARM's) adjusting. This is a lot of people that may need to refinance to keep their house.
So if you know of anyone within the next 6 months who has this type of loan. Please inform them that they may want to consider refinancing their home or at least talk with a Mortgage Professional.
The last thing we would want to see is our clients and friends "Get their Head Caught in the Sand".