September 27th, 2013 1:51 PM by Eric Fang
I just finished my continuous education for mortgageoriginators. Though it said 8 hours CE, I spend multiple times of 8 hours. But it is better to complete it earlier,though the license renewal is not ready until Nov 1st.
I was happy about losing weight for most of the last yearand 1st half of this year, until I found that I losta few pounds of muscle instead of fat. So next year,I will have to do weight lifting and push-ups to buildup muscles. I wish I could plan earlier, at least drinkmore of muscle milk, eat more of chicken legs, protein.It's hard to undo it now.
Same as mortgage planning or estate planning. We needto plan earlier.
Recently I have a few requests about changing the loan program from 5/1 ARM or 7/1 ARM to 30 yr fixed. We should all plan earlier. We know that the interest rate will go higher, the only thing is that we did not know that it went up so much at such a short periodof time. And even 30 yr fixed rate is about 1% higherthan previous lows.
But if you have ARM program, still don't need panic. Thecurrent economic cycle is around 7 years. So we will seea few years of higher rate and a few years of low rate.It will be nothing big deal if we plan earlier.