| Mortgage Bankers are hurting..Help is here | | | | mortgage industries crash? |
| | | | |
| Everyday I get calls from good people from | | | | Usually other businesses slow down too. This |
| the mortgage business and theytell me they | | | | creates a problem for themortgage broker |
| are starving. There are way too many loan | | | | starting all over again. He or she will be |
| officers for theamount of new home purchases | | | | starting all overagain in a declining market. |
| and re-finances going on right now in | | | | |
| thismarket. Just yesterday, I spoke to | | | | What do you do? One thing you can do is look |
| Michael from Scottsdale Arizona, a manused to | | | | for a company thatthriving in a down market. |
| making $250,000 a year in the mortgage | | | | They are few and far between, but they are |
| industry just resigned fromhis job yesterday. | | | | outthere. There is an industry that thrives |
| Scottsdale is the upscale neighborhood just | | | | when others are slowing down. Theyare |
| outside of | | | | marketing companies that help other |
| | | | businesses market their products. |
| Phoenix Az. And the entire hot Phoenix real | | | | |
| estate market has cooled off toa stand still. | | | | When a decline in business occurs, businesses |
| So what are all these good people going to do | | | | have to spend more money inmarketing and |
| now? | | | | advertising just to try to maintain. It has |
| | | | been this way forthe past 30 years and it |
| Most of them will be go out and get sales | | | | will continue to be this way for the next 30 |
| jobs in anotherindustry and start all over. | | | | years. |
| The problem with starting all over is that | | | | |
| theyhave no clients, no prospects and no | | | | I am fortunate enough to work for one of |
| income. Also, Do you know what happensto | | | | these growing companies in themarketing arena |
| other industries when the real estate and | | | | and the company is having its best year ever! |