We are at the midpoint of February and already people are well ahead of their first quarter projections! Are you taking full advantage of these incredible opportunities?
Here are some really great numbers:
- Mortgage rates are 1% or more lower than this time last year.
- Purchase business is up more than 16% over last year.
- Refinance business is up more than 200% over last year.
- Equity levels are at all-time highs.
- People can sell and move to a more expensive home for the same or slightly higher monthly payment.
- First & last month’s rent and security deposit can help get into a new home; add in an income tax refund and you are on your way!
- The possibility of lower rates and equity and eliminate MI as well as possible debt consolidation to further reduce monthly obligations!
With all of these opportunities, you should be setting personal production records!
How are you doing with the 50 refinance challenge? Will you get your 50 refinances closed by April 30th? Many in my group are using this challenge as a way to stretch personal expectations and reward themselves for the commitment to do what they once thought impossible!
If you’re not closing five to eight loans a month, or haven’t closed 25 units since last October, what is holding you back?
We are here to help you!
Questions or comments: Mike@IMTcoaching.com
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Mike White
Improve My Tomorrow Coaching is a company founded by Michael F. White to help mortgage professionals reach their true potential. Based on a belief that working the fundamental principles of the loan origination business combined with a solid system to leverage your day to day business into a self sustaining career! If you are looking to generate consistency in your business, you need to know and implement the fundamentals. Once you know what to do and when to do it, being a mortgage professional is fun, challenging, and profitable. Since the average loan originator in the country closes less than three loans a month, the average originator is unaware that closing seven, ten, twelve or more loans per month is often easier and less stressful than just two or three! If you are tired of the pain and punishment of not knowing where your next deal is coming from; if you spend more time being “busy” instead of “productive”; you need to look and see how we can help you get to a whole new level of business. Take some time to explore this website and read all the free information. If you find some things that cause you to rethink how you are currently doing your business, let us help you! It starts with YOU! There are two programs you can choose, a group program and private coaching. Please look at both before you make your choice.
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