January 16th, 2020 9:59 AM by Steven Hofberg
Today I had a 30-minute informational call with a woman in the
early stages of a marital separation. We went over the basics, equity
buyouts, mortgage payments, and the qualifying process. At the end of the
call she told me that she felt so much better knowing not only what her future
mortgage payments could look like, but also that she could afford to keep the
house if that is what they decide. Then she asked me how much she owed me for
the call. Of course the answer was nothing at all.
As a mortgage originator, I am not permitted to collect an hourly
fee. I only get paid if and when someone does their mortgage with
me. A simple fact, but the conversation reminded me that not everyone
knows that! So, I am reminding you today that I am here to help your
clients with mortgage solutions for FREE, and without any obligation.
Considering the fact that getting a divorce is very often an
expensive process, I find that my clients appreciate that I can offer them
advice based on my years of experience without charge, and that I am always
happy to help.
Margie Hofberg, President
Residential Mortgage Center