Mortgage Blog

I got a phone calls from some marketing company
who can claim that they can help me to close
25 loans per month. I told them that I could do
that 5 years ago.

Yesterday, I listened to the radio and one loan
agent is still trying to help those with zero
down or small down payment loans. Is his niche
market? Don't know. But it's so hard to do those
loans nowadays, why I should he target those
market? Poor man.

Finished 1/3 of the bookd: Snowball(Warren Buffett).
I just tried to learn how he runs business and
pick up the stocks. One thing I learned long time
ago is that I did not panic when the stock market
is down or interest rate going up. There are my
opportunities.

Everytime when the interest rate goes up, I will
"collect" some applications and wait for the better
rates. And same this time. And I know the rate
will go down within a month.

One of his investment principles is: Margin of Safety.
When you purchased the stocks(timing) at a discount
price, your risk of the downside will be minimized.

This is so true to purchase those stocks trading within
range and at lower price. Same to lock the rate
at the top and float at the valley.