Mortgage News and Notes

January 2020 Mortgage Solutions for Divorcing Couples

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

Posted by Steven Hofberg on January 16th, 2020 9:59 AM

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