Tuesday, February 7th, 2012
It seems like people are always looking for the good old days, a time that we remember things as being better, easier, less stressful, less complicated, more fun, more exciting. There was a time in the mortgage industry when mortgages were less difficult to complete. Loans required full documentation, but we only had to cross the T’s and dot the I’s. Of course, we also had to verify and document income, assets, and credit, and we had to make sure the income was verifiable, the assets were legitimate, and the credit made sense. It was also necessary to verify that the property being purchased was in decent shape and that the transaction was a legitimate one.
Today, there are definitely aspects of the mortgage business that have become much more challenging, but, honestly, we have never had so many tools at our disposal, such great prices in the housing market and so many options to make available to our clients. Our financial markets have been through the most difficult transition we’ve ever seen in modern times, but the end result is that we’ve all emerged stronger and more focused.
“Things ain’t what they used to be, and probably never was.”
–Will Rogers
I wish you and your family a happy and prosperous New Year.
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