Mortgage Bankers are hurting..Help is here
Everyday I get calls from good people from the mortgage business and they
tell me they are starving. There are way too many loan officers for the
amount of new home purchases and re-finances going on right now in this
market. Just yesterday, I spoke to Michael from Scottsdale Arizona, a man
used to making $250,000 a year in the mortgage industry just resigned from
his job yesterday. Scottsdale is the upscale neighborhood just outside of
Phoenix Az. And the entire hot Phoenix real estate market has cooled off to
a stand still. So what are all these good people going to do now?
Most of them will be go out and get sales jobs in another
industry and start all over. The problem with starting all over is that they
have no clients, no prospects and no income. Also, Do you know what happens
to other industries when the real estate and mortgage industries crash?
Usually other businesses slow down too. This creates a problem for the
mortgage broker starting all over again. He or she will be starting all over
again in a declining market.
What do you do? One thing you can do is look for a company that
thriving in a down market. They are few and far between, but they are out
there. There is an industry that thrives when others are slowing down. They
are marketing companies that help other businesses market their products.
When a decline in business occurs, businesses have to spend more money in
marketing and advertising just to try to maintain. It has been this way for
the past 30 years and it will continue to be this way for the next 30 years.
I am fortunate enough to work for one of these growing companies in the
marketing arena and the company is having its best year ever!
Brant Mathis
www.goldfromhome.com
brant@planbmoney.info
757-652-2318
