Mortgage Blog

Monthly Review of June 2013

July 2nd, 2013 7:06 PM by Eric Fang

I Closed only 13 loans in the month. But this is
not the slowest month. It's expected that less
than 5 loans will be closed in July.

The higher rates affected the RE market. The
refinance busiless halted. And I have two buyers
cancelled the purchase transaction. In some are
of Calirfornia, the RE market was actually down.
The listing price was lower than May. One of my
friend told that he offered $570k for one property
listed 615k(reduced from 629k), he got the counter
of $584k. But he is still waiting.

I completed running of 146 miles in the month.
This is the first month I started running only 3 or
4 days week. And started longer runs over the weekend.
The overall performance is pretty good.

Though the business is slow, I would try to do
everything to make myself busier. One goal
would be reading English Novels(I used to
ready only Business related books in English)
to improve my spoken English. For my expanded
business in insurance, I passed all the required
tests and got the license. But I am very nervous
because of the new business challenges. Once in
a while, I asked myself, why should I do this?
Is it ecessary?

Like the I challenge myself for the running, I would
see whether I can build another business for the 5-8
years. Even though the new challenges, I would
still focus the loan business, I would help more
buyers for the smooth purchase transactions.

Posted in:General
Posted by Eric Fang on July 2nd, 2013 7:06 PM



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