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Monday, February 11, 2008 

Where Have All The Mortgage Brokers Gone?

One thing is for sure, they are not selling loans anymore. The lending institutions are in trouble. The lenders have loaned way too many risky loans and a lot of them are in default and the future looks worse, not better. If the lenders make it tougher for us consumers to get a loan, what will that mean for the loan officer making a living processing loans? If I were a loan officer right now and worked a commission position, Id be looking for work else where. Where do we go? Thats the big question.

Ok, we missed the Dot com boom and crash of the 90s and y2k. We missed the stock market boom and crash of the 90s and y2k. I just looked at the dow today and it is back up to 13,308. This is another record high. You know and I know it can only go down from here, so I wouldnt recommend the stock market right now. What about Oil? Well, I just paid under $3.00 a gallon yesterday, unfortunately, thats the lowest Ive seen it in a while. Sad, I know! How many jobs are there in oil? I havent seen monster.com advertising too many sales jobs for oil. If youre an investor, I think that is something to look into. What about the rest of us?

This is what I know. Historically speaking, when the real estate market is declining, more businesses suffer. People have less equity; therefore, less spending capital. This takes a toll on the economy in general. How can we take advantage of slowing market? Well, one thing is for sure, you need to tighten the belt right now. Dont do anything extravagant and keep spending to a minimum. As far as income goes, selling products or services that cater to people around the marketing and advertising sector is a wise choice. In a declining market, people and companies will be spending more money on advertising simply to maintain in this down market. This means that marketing will be the next major trend over the next 5 years.

Kingdom Life Now
Chris Rose 561-261-6100
http://www.kingdomlifenow.com
express1974@yahoo.com

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