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Will the Holiday Season Push People Over the Edge?

Women in Real Estate
Written by Posted On Monday, 28 October 2024 00:00
Will the Holiday Season Push People Over the Edge? Image by pch.vector on Freepik

Credit card debt is at an all-time high and going higher. How much longer will it be before the credit card companies begin to stop extending credit limits and exhaust the last lifeline many consumers have to try to stay afloat? Could this upcoming holiday season be the final nail in the consumer coffin? Could late payments, repossessions, and defaults of all kinds be just around the corner? Could those credit consolidation companies step up their efforts? Could bad things start happening to good people who didn’t know that if they reached out to YOU BEFORE they missed a payment or took another road, you might be able to refinance them and get them some much needed breathing room BEFORE things got really bad?

We all know, once the trouble starts, the consumer loses many if not all the reasonable options and there is little chance of getting that relief at a reasonable price that won’t hurt their credit for years to come! Wouldn’t having this conversation in a general format, say a YouTube video, be something that might be helpful? What about an interview with a bankruptcy attorney or a credit counselor explain options PRIOR to them missing payments or defaulting? So many people have vast sums of equity in their homes but once they miss some payments, the good options start to disappear!

While I know the rate market has NOT been our friend, and that many of you had hoped that falling rates might have opened the door to more refinances; the reality is, there are always opportunities to help people in your market, and this might be something you can do to help before things get really bad really quickly for some really good people in a bad situation!

 For more information and detail about doing this or other strategies; or if you are interested is doing your 2025 business plan, please just reach out: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Michael White

After 18 years working in all phases of mortgage originations, Mike left day to day originations to start his consulting and coaching company. Now, more than 18+ years later, Mike is working with clients across the country in all markets, big and small, that have generated more than three billion dollars in loan originations within a year.

Mike teaches a system that is focused on time management, action planning, marketing a message, and creating value for both clients and referral sources alike. Quite simply, providing more value leads to more opportunities, more income, less time, and a systematic approach that begs to be duplicated.

 

By breaking down individual aspects of the mortgage business and providing a step by step approach to creating a consistent flow of opportunities that can lead to a highly successful mortgage practice. That is why people who incorporate these strategies out produce the national averages by almost 3 to 1!

Fundamentals and simple strategies provide day to day activities that help provide a “scheduled success” philosophy. It’s all about identifying, targeting, and establishing profitable referral relationships using exceptional value to keep you in the center of your own referral triangle. 

 

https://www.imtcoaching.com/

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