Should you be worried about rates going up?
Christi La Vecchia
Talent Acquisition Manager | Senior Recruiter | Talent Management Specialist | Business Development
After the official announcement last week that rate’s will be increasing many loan officers are concerned about what that means for their book of business and are questioning the stability of their employer. We have been intently watching rates go up over the last few weeks and some are worried about where that leaves them.
Stan Middleman founded Freedom Mortgage in 1990. Back then a 30 year fixed rate's annual average was 10.13% according to Freddiemac.com. Freedom Mortgage is no stranger to higher interest rates. Freedom Mortgage has become a household name and will continue to be successful even as rates increase. We have proven to be successful for over 25 years. We offer many different loan programs to accommodate the borrower and their financing needs. Stan Middleman has done an excellent job and has positioned the company to continue to prosper and flourish. Freedom Mortgage has grown to accompany a retail division, wholesale division, and also includes a servicing department (with an impressive $97 BILLION servicing portfolio).
When I started originating loans for what feels like many moons ago, rates were anywhere between 6-8% and business was booming. Let’s be honest, the average American simply cannot afford to purchase a home without the help of a mortgage lender. The mortgage industry will continue to provide millions of Americans the funding to purchase their new home.
If you are not with the right lender, I can see why you would be concerned. Instead of worrying this holiday season, join an organization that has grown leaps and bounds since 1990. Freedom Mortgage has exceeded all expectations and will continue to do so in the coming year. We have a strong leadership team, phenomenal operational leaders and exceptional team members who will ensure continued success for the company in 2017. Don’t worry about rates rising and instead focus on building your business and providing great customer service. Freedom Mortgage has the experience and proven track record to help you achieve your goals.
We are hiring Retail Loan Officers, Sales Managers and Producing Branch Managers in the following states (FL, GA, TX, AL, SC, MD, VA, and TN) and looking for people who want to experience personal and professional growth in 2017. Join a winning team today and contact me directly at 215-791-3119 or email me at Christi.Harrington@Freedommortgage.com.
Why Choose Freedom Mortgage
Our Experience and Special Expertise.
Over the years, we’ve acquired special expertise in VA and FHA loans as well as conventional mortgages. We are especially proud to have helped customers nationwide achieve their dream of owning a home, offering them favorable terms, low down payments and great service.
Our Streamlined Process.
When you are buying a home or refinancing your mortgage, you want everything to go smoothly. At Freedom Mortgage, we understand that and we work hard to make the process as streamlined as possible. We have dedicated teams of licensed loan officers who are assigned to work with you and guide you through the process. We’ll help you choose the right loan – whether you are buying a home, refinancing to a lower interest rate, refinancing to obtain cash or converting from an adjustable rate mortgage (ARM) to a fixed rate mortgage.
Our Heritage and Our People.
We believe in the American Dream, and our focus has always centered on mortgages and homeownership. Stanley C. Middleman founded Freedom Mortgage with a vision of building a great company, one loan at a time, with just a handful of employees and lots of determination. We’re now a top mortgage provider* and we firmly believe in offering people the chance to invest in their home and build financial assets; it’s fundamental to the American way of life.
Master Coach, Keynote, Sr.level Consultant --! rlovuolo@gmail.com
8 å¹´I've written and published over 250 papers here on linkedin just since last summer. I am prolific in that regard. here is my latest. Doing things like they've always been done brings such little pain. But the consequences of lettings things be are most often very painful. I enjoy golf. Anyone who knows me will tell you that. Why do I enjoy this terribly difficult and frustrating game? Only because I'm getting better at it. Not getting better is very painful, extremely frustrating, just humiliating. I'm 75 years old. I started to play in my 20's with friends from college as something to do on Saturday's rather than spend time with our toddlers. Just being honest here. As a recreational weekend player, I was just awful. One sunny Saturday only two of my friends showed up at our regular course. so to complete the basic foursome, a 16 year old high school boy was paired with us. He showed us how the game is played and did it very quickly. It took one swing to tell that he knew more about the game than the other three of us combined. We walked, pulling carts with our bags on them. After a few holes where we consistently said "good shot" to our young companion, I asked him a very direct question, "so what do you think is wrong with my game?" The answer came immediately, like a shot from a .38 Smith and Wesson...."everything!". Nothing followed except me laughing. Laughing so hard. That's about all I remember except a follow up question. "What should I do to get better?" "Take lessons and practice." I've recreated this encounter very often and easily recall that neither the lessons nor the practice ever occurred. too busy trying to build a career. So there was no change in my "everything" for more than 40 years. I moved to Florida about 10 years ago. I came to play golf and thought that if worked a little, golf could be part of my semi-retirement . I quickly discovered that nothing about "everything" had changed. Business was on autopilot, but golf sucked. I took lessons, I practiced, I got better. What I couldn't do was play as good as some of my friends who have played well for most of their lives. They took lessons and practiced years ago, It showed. Just this past week, I shot the lowest score of my life. The reason is clear. I changed. The backswing is as simple as possible: short, compact with very small movements. Effective but not great. More change is coming and with it better scores and more stories to tell that prove if I want to get better in all parts of my life, change must be embraced. Listening to coaches and better players, it's obvious that if a=b and b=c then a=c. My game is better because I have a coach, practice often and ask my coach if what i'm doing can be better. Taking lessons will make you better. Almost everyone need a coach to change. Merry Christmas and Be Active in your NEW YEAR! I'm offering a special Monthly Webinar series for January FOUR WEEKLY GOAL SETTING WEBINARS ONE PRICE FOR GROUPS OF ONLY 6 PEOPLE REAL PERSONAL ATTENTION MORE FREE INFORMATION SET UP YOUR NEW YEAR WITH A SET OF REAL GOALS AND FIND GREAT SOURCES OF NEW BUSINESS AND BUILD YOUR PLAN REACH YOUR GOALS ONLY $199/ MONTH SIGN UP TODAY IF A CLASS IS FULL, PICK FROM THE LIST THURSDAY JAN 5, 11:30 AM EASTERN https://attendee.gototraining.com/r/9103632301406208514 THURSDAY JAN 5 4 PM EASTERN https://attendee.gototraining.com/r/5610122120635889666 TUESDAY JAN 10 4 PM EASTERN https://attendee.gototraining.com/r/9205418490836021250
Master Coach, Keynote, Sr.level Consultant --! rlovuolo@gmail.com
8 å¹´Good MLO's realize that rates are the same for everyone and when they have good habits and discipline their marketing, rates are irrelevant to their production. if you sell rate, you will fail. Sell value, sell ideas, sell trust. Sure it might have an effect on the market, but it also brings out buyers who were sitting on the fence.