THE BIGGEST MISTAKE PEOPLE MAKE WITH MORTGAGES IS THEY SHOP FOR A RATE INSTEAD OF A BROKER!
I can say this from a professional standpoint because I SELL MONEY. More accurately, I SELL MONEY AND TIME, that is, I sell money for differing periods of time. My job title is that of a mortgage broker. It's not rocket science, but a lot of people would have you believe it's akin to it.
It's been said that intelligence is the ability to take something confusing and make it simple. I'm not a genius and I don't profess to know everything there is to know about real estate finance--nobody does. But, I can explain most of it simply enough so that anyone can understand it.
IRONICALLY, DESPITE MOST BORROWERS FIXATION ON RATE, THE AVERAGE PERSON OVERPAYS FOR THEIR MORTGAGE AND IS WOEFULLY UNDEREDUCATED WHEN IT COMES TO FINANCING OR REFINANCING THEIR MOST EXPENSIVE ASSET--THEIR HOME .
- There has been a tremendous growth in the different kinds of programs and new products within the past 15 years.
- A sizable number of people in the mortgage community are equally unaware of these programs and products and do not understand them well enough to explain their benefits and sell them.
- It's easier to charge more for a process that is little understood.
- Many of you are comfortable with your ignorance.
Copyright © 2021 Rod Haase. All rights reserved.