“It’s Often Tough to get started on the Right Trac”
Good Morning Joe,
Amy here. I am writing in hopes that we can have a one on one and that you might be
able to guide me in what steps I need to be taking in order to make a
plan to manage and secure my finances so that I can move forward in
owning a home. Thank you for your time.
With Respect Amy
It takes a lot of courage for anyone to get started on the path of getting
their financing and credit in order. For those who have their financing
in order, it might not be a big deal but for the folks that don’t it
seems like a huge mountain to climb.
The crazy part of this process is that for many the rent that they are
paying is much higher than what a mortgage would be, but until they are
willing to take the step that Amy is doing the cycle will continue. It
also doesn’t matter the income that folks have, many just don’t know
what to do to start to get on the “Right Trac”.
I did a refinance for two professionals recently that made over $200,000
in yearly income that had credit scores under 600. They had an existing
first mortgage at 6.75% and a second of 11.5%. The refinance I am doing
for them will reduce their monthly payments by $1150. It seems
impossible that folks that make that kind of income don’t have their
finances in order, but not the case at all.
“WHO ELSE DO YOU KNOW THAT NEEDS MY HELP?”
Image courtesy of StuartMiles/freedigitalphotos.net
