Need an Honest and Competent Loan Originator for Your Mortgage? I Can Help.

Edit: If you are unhappy with your current interest rate on your mortgage and/or are curious if you qualify for something lower and want me to take a free look at your situation, email me directly at Wbarnwell1@gmail.com. Also email me if you plan on making a home purchase in the near future or have any other needs involving mortgages.

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As you maybe have guessed from some earlier posts, I have been laying the foundations to do some extra work in addition my regular ministry and teaching responsibilities. I am now working a side job as a loan originator with a mortgage brokerage by the name of Encore Mortgage. A mortgage broker is someone who can shop around for potential borrowers to a number of different direct lenders. For example, if you went straight to your local bank and talked to their loan officer, you'd only be dealing with their products and offers. However, if you go and see a competent mortgage broker, they are signed up to do business with a number of different direct lenders and can shop around to find borrowers the most competitive rates for which they qualify. Encore is signed up with all the big name direct lenders and dozens of smaller lenders who sometimes offer even better rates than the big shots. Competition works for the consumer.

I see this as an exciting and interesting new way to help people. You perhaps have read about how the Real Estate and mortgage industries are in such turmoil right now. They are now receiving their just desserts. Several years ago when the Real Estate market was hot, a number of individuals flooded those professions hoping to make a quick and easy buck. And they did, for awhile. But all has changed now, and some states like mine are now facing massive foreclosures. Why did all this happen? In short, it was a combination of factors. First, lenders were getting too eager to sell loans and were qualifying people who did not have the long-term capacity to pay their bills. Second, many consumers, egged on by their Realtors and loan officers, bought more house than they could realistically afford, and financed their purchases with unwise loan products that had a variety of bad features. When their loan teaser rates ended, many couldn't afford the full payments. Often their small monthly payment habits would lead to negative amortization--where the remaining interest they did not pay was added to their principal balance. Therefore, their overall debt was getting larger, not smaller, with each payment. However, we also cannot forget the Federal Reserve, whose easy credit policies led to the whole housing bubble to begin with.

So why jump in now when the market is bad? Because when all the dishonest and incompetent lenders and brokers close up shop, the sensible and responsible will still be standing. Plus there will always be those who are in the market to make a purchase, refinance their existing loans, and so on. Also, I see this as an important way to help people and also do something else I enjoy and find interesting. So, if you yourself are in the market or know somebody else who is, I would obviously like to help. There are a couple clear reasons why it is in my best interest to impress you or your referral. One, I want you to continue reading my columns. And two, I obviously would prefer the business would come my way instead of somebody elses. If you are in the Mid-Michigan area, you're certainly welcome to meet with me at our office, but if you live anywhere else in the country, all you need is a phone and access to a fax machine and we could just as easily help you or your referrals out.

Regardless of what type of residential property you are looking to purchase or refinance, we can help. If you are looking to get out of your Adjustable Rate Mortgage into a fixed rate, or even refinance your present high interest fixed rate mortgage, we can help. If you are curious about refinancing and want to know if it really would save you money, I can gather your data and let you know. You won't get ripped off and your service will be prompt. Also, why not work through someone you know or are familiar with rather than with someone you've never heard of? And if you don't qualify for what you are looking for, we'll give you free credit advice with periodic updates to support you along the way so that down the road you get what you need. If you have any questions or are interested in just taking a curious look at your situation, email me directly at Wbarnwell1@gmail.com

Regardless of whether or not this applies to you, I will continue to offer up posts and original articles on issues pertaining to Christianity, current affairs, cultural matters, and economics. I will not be cutting down in my pastoral ministry efforts or journalistic contribuations. So stay tuned and keep reading!