Mortgages Are About More Than Just The Money

By
Mortgage and Lending with SWBC Mortgage 410-960-2061 NMLS 196068

Mortgages Are About More Than Just The Money


Loan officer in Maryland Maryland Mortgage Mama

Every day I talk to folks interested in getting information about purchasing a home or refinancing homes in Maryland.  Many of them are frustrated because they are not getting called back, they have been given misinformation, or they have been treated poorly.  Most of them have questions, some have more than others.  They want to know about the process, the rules, what paperwork is needed, how much they can qualify for, how much they can save each month.  


Many lenders only want to know three things...

Do you have a job?

Do you have good credit?

Do you have assets?

This information is very important for qualification purposes, but not necessarily about determining the RIGHT loan.  For me, I do my best to look at the whole person, their goals, their plans, their family, their life.  Since this is the way I do business, because I care, I learn a lot about my clients and many truly become friends. 


When talking to a couple adamant on getting a 10 year loan, I learn that they are living almost paycheck to paycheck, robbing Peter to pay Paul.  They are not struggling to pay their bills because they are shop-a-holics, or because they are irresponsible.  They are struggling because they have 2 children in private high schools and 2 more in college, all paid out of pocket, no loans.   Once the kids are out of school, this couple will feel like billionaires!  We were able to help them to structure their loan so that they have breathing room now and can chunk down on the payments later, when the expenses are less and even pay off their mortgage in less than 10 years if they choose.

I talked to a woman who has an FHA mortgage over 5.5%.  Although we can help  her to lower her interest rate on her mortgage, it was the rest of her credit that we talked more about.  She and her husband have tremendous debt.  They have maxed out almost all of their credit cards (a lot of credit cards!), most of the credit cards are at an interest rate that is 20% or higher.  I am working with them on a budget to help them to stop their out of control spending.  The mortgage rate is the very least of their problems, they need to STOP spending!

I help people going through a separation or divorce to understand their options with regard to the house.

I help people who are thinking about relocating from another neighborhood, another state, another country.

I listen to the stories.  Some are happy, some are not.

I share the lives of many with whom I work...marriages, divorces, aging parents, lay offs, promotions and job changes (I have been known to forward resumes!), illness, the cancer diagnosis and the subsequent treatment, the death of a spouse, a child or a family pet, military deployments and PTSD, births and birthdays...LIFE! 

I work with folks to find:

the solution to their problem,

the referral to the right resource,

the answer to their question. 

WHY DO I CARE ABOUT YOUR LIFE?  

Because mortgages aren't just about the money!

 

Posted by

Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  SWBC Mortgage.   410-960-2061 EHO   bridget.mcgee@swbc.com or www.marylandmortgagemama.com

 

If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Ellie McIntire 01/17/2013 10:20 PM
Topic:
ActiveRain Community
Location:
Maryland
Groups:
Mortgages
Maryland Real Estate and Mortgage Group
Toot Your Horn on Active Rain
Bananatude
2013 BIG Jumpstart Blog Challenge
Tags:
buying a home in maryland
md mortgage
maryland mortgage mama
mortgages and life
how do i find the best mortgage

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Rainer
194,597
Stephanie Stringer
First Choice Loan Services NMLS#210764 - San Antonio, TX
Mortgage Loan Originator

Bridgette-  I am a loan officer in San Antonio, Texas.  Gene Mundt asked me to stop by and read your post because him and I share the same values when it comes to our clients.  In reading yours, I see you truly have a heart and deeply care about your clients.  You take the time to LISTEN and see what the clients needs are and from there you give them good advice that can direct them down the right path.  This extra care and guidance will go a long way with your clients.  As you know by now the referrals will come when you take extra special attention to your clients.  Congratulations and keep up the great work!

Jan 17, 2013 02:49 AM #4
Rainmaker
162,995
Rhonda Burgess
Southern Living Realty Partners - Smyrna, TN
Moving to Nashville TN Real Estate Specialist

You're good people (as my grandaddy would say) because you're trying to find solutions, not just make a commission/sale.  If you were licensed in TN, I would definitely send my clients to you.  Sending you more good vibes for the new year!

Jan 21, 2013 02:40 AM #5
Ambassador
4,125,981
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Bridget

You clearly care a great deal about doing the right thing for clients and not just signing them for any loan that could work. No doubt your clients appreciate this approach even if it means not getting a loan right away or having to make changes in their spending or other practices. It will come back to you in many ways, including referrals.

Jeff

Jan 21, 2013 02:41 AM #6
Rainmaker
365,647
Bridget "Mortgage Mama" McGee
SWBC Mortgage 410-960-2061 - Baltimore, MD
Maryland Mortgage Mama NMLS#196068

Andrea, Thank you!  You and I are cut from the same cloth!  We care about the Whole person, not just the sale!

Sondra,  Thanks so much for commenting, I am glad to know you!

Gene, In reading many of your writing, I am proud to share this industry with you and those you mentioned in your post.  If we forget to care, we are lost!

Stephanie, Thanks so much!  I appreciate Gene's referral and look forward to learning about you as well.  I have been blessed with many wonderful clients who allow me to share in their lives. Buying a home is a BIG deal, I do my best to make sure they have all the information they need to make a good decision, as I am sure you do as well  We can't always be right, but we can always do our best, given the info we have and continually strive to learn and grow in our profession. 

Jan 21, 2013 02:44 AM #7
Rainmaker
330,719
Linda Piper
Planatek Financial, Inc. - Ventura, CA

Bridget:  I could not agree with you more.  Treating clients by caring about their entire financial picture is important - and it makes a difference!  Thank you for showing, as Gene said, that many of us lenders do have a heart!

Jan 21, 2013 02:56 AM #8
Rainmaker
317,344
Samantha Smith
214.422.0729 www.SamIAmHouses.com - Rowlett, TX
Sam I Am Houses, Simply Texas Real Estate

Bridget ~ YOU are definetly someone I'd refer clients to if you were in Dallas :) I used to work with Stephanie when she was here ... I LOVED how she really looked after "our" clients!

Jan 21, 2013 02:57 AM #9
Rainer
291,496
Ron Aguilar
Continental Mortgage - Saint George, UT
Mortgage & Real Estate Advisor since 1995

B. find you a loan officer with many years of experience then you will notice the difference in instant gratification you get with lesser experienced LO's, just saying...

Jan 21, 2013 03:10 AM #10
Rainmaker
370,688
Travis "the SOLD man" Parker; Associate Broker
iXL Real Estate-Wiregrasss\ - Enterprise, AL
email: Travis@theSOLDman.me / cell: 334-494-7846

Very good post about what you do. I'm sure that it hurts when either you can't help someone, or they refuse to listen to the advice you give and their situation gets worse. Especially if children are involved!

Jan 21, 2013 03:17 AM #11
Rainmaker
319,733
Evelyn Santiago, Managing Broker Heart Realty Group, Inc.
Heart Realty Group, Inc.. - Oswego, IL
Passionate About Real Estate & Our Clients!

Glad to know that there is someone willing to put more than a few questions about buyer's finances into their interviews.  Those of us in the Chicagoland area may not have a Mortgage Mama but we have a "Mortgage Papa" that tells it like it is to potential homebuyers - that is why I send my buyers to Gene Mundt!  Like you, he trys to get the big picture and by consulting with the buyers he can give them the advise they need to get their finances in order, get through the home buying process without getting denied before closing because they decided they wanted a new car to go with the new house.

Professionals like you and Gene are the excedption  in the mortgage industry.  Great post!

Jan 21, 2013 03:38 AM #12
Rainer
386,182
Jana Holmstrup
Jana Holmstrup - CCO - Kings Mortgage Services, Inc. - Visalia, CA

Excellent, Bridget!  You are doing what professional Loan Officers should do - reviewing their entire financial picture and advising how to improve overall.  It's not just about lowering the mortgage rate or payment, we see the many other 'red flags' and helping the client understand them will improve their overall financial health - which also reduces stress levels.  If you ever come to Cali, look us up!  You'd fit right in :)

Jana

Jan 21, 2013 03:39 AM #13
Rainmaker
1,578,984
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Bridget - You are far more than a loan officer. You are a caring person. The world could use more just like you!

I'm glad I found you - I'm subscribing!

Jan 21, 2013 04:54 AM #14
Rainmaker
1,065,137
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Brenda,  I agree with Samantha Smith!  I would refer to you, if you were in Dallas. I have similar feelings about selling homes.  Working with clients to buy a home or sell a home is often about problem solving and helping them with a significant change in their lives.

Jan 21, 2013 06:16 AM #15
Rainmaker
365,647
Bridget "Mortgage Mama" McGee
SWBC Mortgage 410-960-2061 - Baltimore, MD
Maryland Mortgage Mama NMLS#196068

Rhonda, You make me want to get licensed in Tennessee! 

Jeff,  I see myself as an advisor, not a sales person.  I am blessed to not need the next "sale" to eat or pay my mortgage, so if getting a borrower into the RIGHT loan takes some time, so be it. Thanks!

Linda,  I think there are lots of good lenders out there, unfortunately some bad apples....as they say!  This is why I am grateful for each and every referral, they are affirmations that I am doing right by people!

Samantha,  I hope you were able to find a lender who treats your clients as their clients!  I always look at my realtor referrals as "Our" clients, we are both working to get the client to their best end at the best time!

Ron, No two loans are alike these days. I have seen a lot over the 11 years I have been in this business, I have a manager (my brother) and our Senior processor (my sister) that have 16+ and 20+ years respectively, I can't imagine just starting out in this business today. It's not just instant gratification, often it really comes down to knowledge!

Travis, so true!  I had a client tell me that his "10 year older self" will worry about the mistake his "now self" is making.  That kind of thinking hurts my heart!

Evelyn,  You are ABSOLUTELY blessed to have Gene on your team. It's a tough business, taking care of our clients is the only way to sleep well at night!

Jan 21, 2013 08:28 AM #16
Rainmaker
365,647
Bridget "Mortgage Mama" McGee
SWBC Mortgage 410-960-2061 - Baltimore, MD
Maryland Mortgage Mama NMLS#196068

Jana,  Thanks!  My whole family is on the East coast, so I don't see myself making the trek to Cali, but I will be sure to look you up the next time I visit!!  Sometimes MY stress level increases when trying to help folks that don't get it, but in the end, I know it will work out in the end!

Marte,  Thanks for subscribing!  That is a huge honor, I hope to educate and share philosophy and write posts that are worth your time!

Sharlene, oops, I mean Sharon, (just kidding, I am Bridget), Our jobs are more and more about thinking outside of the box to help people to fit in one!  Kudos to you for "getting it!"  You will go far!

 

Jan 21, 2013 08:34 AM #17
Ambassador
2,010,972
Christine Donovan
Donovan Blatt Realty - Costa Mesa, CA
Broker/Attorney 714-319-9751 DRE01267479 - Costa M

Bridget - What a phenomenal way to run your business.  You get to help people, and I'm sure even those who don't get loans either come back later and/or refer.

Jan 21, 2013 02:29 PM #18
Rainer
488,309
Kimo Jarrett
WikiWiki Realty - Huntington Beach, CA
Pro Lifestyle Solutions

Get them a seamless FHA refi to lower their interest rate and increase their cash flow to pay down their debt service and change their outlook about spending money on unnecessary items or services.

Jan 21, 2013 03:31 PM #19
Rainmaker
848,657
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi Bridget, great post.  Hello to Dundalk!  We spent 28 years in Linthicum.

Jan 21, 2013 06:47 PM #20
Rainmaker
270,169
Steve Warrene
Your Town Realty - Lower Burrell, PA
Pittsburgh Real Estate Investment Specialists

Listening to people is alot better then just telling then what they need.

Jan 21, 2013 09:39 PM #21
Rainmaker
107,107
Karen Deis
ApartmentToolKit.com - Minneapolis, MN
When In-house training is not enough!

As a loan officer, you take on many careers-- a teacher, a financial advisor, a banker, a counselor, an attorney, a credit expert, and a judge (making the call as to whether they qualify for a mortgage, right?)  Great post "Mortgage MaMa". 

Jan 21, 2013 09:48 PM #22
Rainmaker
705,458
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Nicely well put Bridget. Great to add human nature to the equation. I wish you were in my market.

In a way, realtors have a similar all-around aspect to it as well. Many times we are involved right into people's lives...

Jan 21, 2013 11:37 PM #23
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Rainmaker
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Bridget "Mortgage Mama" McGee

Maryland Mortgage Mama NMLS#196068
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