With the recent mortgage market meltdown, everyone is trying to make sense of what's really going on. some people don't think much of it, others are overwhelmed by it. It's a mess, both in terms of the market conditions and people's understanding.
As a mortgage professional, it is our job to educate the clients as well as realtors. Realtors whose job is on finding clients their dream homes aren't necessarily up to date on the latest state of the mortgage industry. But things are different now. Realtors must be fully aware of where their buyers stand financially given the current credit-tightened market. So, I ran a seminar today, aimed at helping realtors getting better understanding of the financial world.
So, what did I talk about? Well, first of all, when there is a crisis, there is usually an opportunity. It is up to those who look for it. Once the dust settles, I believe there will be lots of opportunities for the true investors. So hold onto your cash- cash is king in this day and age! Additionally, more than ever before, it is critical for realtors and mortgage profesionals to work closely, hand-in-hand.
I plan to continue running these informational seminars in the next couple of weeks, bringing up-to-date information to my clients and realtor partners.
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