Mortgage Blog

I just finished my continuous education for mortgage
originators. 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 year
and 1st half of this year, until I found that I lost
a few pounds of muscle instead of fat. So next year,
I will have to do weight lifting and push-ups to build
up muscles. I wish I could plan earlier, at least drink
more of muscle milk, eat more of chicken legs, protein.
It's hard to undo it now.

Same as mortgage planning or estate planning. We need
to 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 period
of time. And even 30 yr fixed rate is about 1% higher
than previous lows.

But if you have ARM program, still don't need panic. The
current economic cycle is around 7 years. So we will see
a few years of higher rate and a few years of low rate.
It will be nothing big deal if we plan earlier.