“Many Companies Will Panic, Rather than Work Harder”
Mr. Petrowsky,
Not sure you remember me, my name is Glenn XXXXXXX, I interviewed with you 23 months ago. In any case, I joined another mortgage company and I got notice that they were closing their doors. It is pretty obvious at this point that I made a bad decision and would like to sit down with you again, if possible. Glenn
I keep reading about banks and large mortgage companies that are laying off mortgage related staff. Unfortunately, their bottom line is the only thing that matter. Sure, interest rates are moving up, does that mean everyone with stop plans to buy a home, hell no! Does that mean everyone will no longer need to refinance, hell no.
Folks will still buy homes, the current demand exceeds the number of homes that are available. Some will need larger homes, some will need smaller home and many want to buy their first home. We will be there to assist them.
Folks will still need to refinance, some will need to access the equity that they have to payoff other obligations, addon to their current home, add a garage or need dollars for education. Literally the list is endless.
Yes, interest rates are moving up, but as years past, rates will also move downward again and that will be an opportunity to refinance and take advantage of lower rates.
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