When it comes to your reverse mortgage business, it’s the small choices that add up to results, or not. Successful people make 17 daily decisions differently than unsuccessful people, and shows how these tiny tweaks signal an overall life outcome.
Continue readingWhen It’s OK to be a Copycat
We’ve been encouraged since childhood to make our own path, and not worry about what others are doing…basically don’t be a copy cat. But there are times when mimicking the actions of another is a good thing.
Continue readingMorning Ritual for Success
What’s your morning ritual. How you start your day determines the rest of it. Here’s what highly successful individuals have found that works. Five tips to make what you do before breakfast jump start your day!
Continue readingLifesavers Part 1: Preventing foreclosure
Preventing Foreclosure
Personal success stories are a powerful vehicle to imprint the value of a product or service in potential clients’ minds. The following true tale will brighten your prospects’ holiday season.
Reverse Mortgage To Prevent Foreclosure
Reverse mortgage was a lifesaver for 77-year-old Isidoro, who had been in foreclosure due to the current economy. By the time he contacted Security One Lending, Isidoro was on the verge of losing his home to foreclosure within a few months. He was faced with moving out of his home and trying to find a rental somewhere on a Social Security income of just $800 a month, which would have left him with precious little money for food and other necessities.
Security One’s loan advisor quickly realized that the home’s value was in decline — something many Americans are experiencing now. Chase Bank had tried for the better part of a year to “short sale” the home, with no offers. Fortunately, the bank has a program to accept a reverse mortgage in lieu of a short sale.
Security One Lending negotiated with Chase Bank over several months — and several foreclosure extensions — to ultimately shave a whopping $182,000 from the principal note balance. Additionally, the loan agent was able to drastically reduce the reverse mortgage loan fees to allow the client to qualify, and have his existing Chase Bank loan paid off in full — which kept him from losing his home.
Isidoro retains full title to his home, and can never lose the house due to non-payment. That’s a true holiday gift!
In Part 2, we’ll hear from seniors for whom reverse mortgage means relief from financial stress.
Five Laws of Success: Friday’s Food for Thought
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Five Laws of Success
- The Law of Desire
- The Law of Belief
- The Law of Positive Attitude
- The Law of Persistence
- The Law of Goal Setting
