This RU-vid Channel is dedicated to teaching mortgage professionals to turn borrower education into a competitive advantage
We believe the best mortgage professionals are the best teachers. So we created the Total Cost Analysis to help borrowers and Realtor make confident mortgage decisoins with simple charts, graphics and videos.
James is one of the most intelligent and well spoken voices on this issue. More RU-vid Realtors should listen to his words and let go of the emotion. Change is here and folks should adapt.
Thank You MC! No screaming and yelling advice. I used to love Gary Vee but that entire fake guru hype is not for me any-more! I want real coaching and advice and not hype!
Brittany has become a viral sensational becuase she is not a fake guru. She has started a real small business and sold it for millions of dollars from absolutely nothing!
Your video thumbnail is so attractive, and your video quality is so high, but one of your videos is not ranked in a RU-vid search. Video SEO is very important to get your RU-vid videos in search results. If you want, I will get your video to RU-vid search rank by SEO.
Love me some DK so this is sincere curiosity. I have gone over Dan's loan amount vs pay cash TCA and I can't figure out why he used a 50k loan amount and added 3k/mo savings payment to the pay cash option (at no rate of return) and why he used 700k starting investment balance on the loan option. Zero out the 50k on the pay cash option (with no savings payment) and isolate the 500k difference as your starting investment balance on the loan option and that seems to be a more straight forward and cleaner comparison. Maybe this client had some details he didn't explain in the vid.
I feel so validated to see another industry professional that looks like me serving so many home buyers and working to solve some of the barriers to homeownership. Instant follow for me!
🎯 Key Takeaways for quick navigation: 00:00 *🎙️ Introduction and Adoption of Mortgage Coach Technology* - Discussing the importance of technology adoption in the mortgage industry. - Highlighting the challenge of getting individuals to embrace change. - Emphasizing the need for persistence and consistency in implementing new tools and processes. 02:00 *🔨 The Metaphor of "Chopping Wood" for Consistency* - Explaining the origin of the "chopping wood" metaphor from a professional football game. - Illustrating the concept of consistent effort and determination through the metaphor. - Emphasizing the importance of giving 100% consistently in every task. 05:23 *🤝 Building a Culture of Mentors and Leaders* - Discussing the significance of mentors and coaches in personal and professional development. - Highlighting the importance of mentorship in fostering a culture of continuous learning and growth within an organization. - Emphasizing the role of mentors in spreading knowledge and driving initiatives. 13:51 *💡 The Principle of Consistency for Success* - Identifying consistency as the key principle for success in any endeavor. - Stressing the importance of committing to long-term goals and persistently applying efforts. - Providing examples of how consistency leads to success in various aspects of life and business. Made with HARPA AI
All I have to say is you are all so slick and my goal to my branch manager tonight was! I’m go to summit next year as I am going to crush it and be able to stand by you big dogs!!! ❤you have transformed this 20 year old vet to something new! Thank you MC!!!
Recruiting agents is very, 2001-2008 model. Commission gaps as well are already being peddled, with hungry agents making RESPA watch dogs on high alert-
Andy, be careful on these...are you leaving the buyer with the impression that it takes less to close in columns 2 & 3. Did you forget the buyer still has to pay $10,500 out of pocket for commission which is not factored into your presentation?
We all have room for improvement. Hope it helps: The first TCA down payment increase in column two is $15,200 and not $19k, which is repeated over and over. The 2nd TCA Net Worth in last column does not account for the extra $11k used to buy down the rate so is actually worse than column one by $3k after two years. You should subtract the differences in closing costs from the starting investment balance used in the Net Worth calculation...especially before you show to the Financial Advisor.
The "they should have given you the best deal up front" thing is not a red flag. We all have to quote directly off our rate sheets and can only deviate or sharpen pricing if a borrower has a written offer that's better somewhere else. Saying this to customers is the red flag. Brokers do this crap all the time.
Great interview! Any chance you will talk to real estate attorneys that plan on representing buyers? As a Realtor and Attorney--I plan on focusing my practice on representing buyers post-NAR settlement. I think this is a big opportunity for Attorneys and we need to refer to lenders.
Does TX state taxes allow for home mortgage interest to used to reduce state taxes? I doubt that at the price points you were discussing that the homeowners will be able to write off any federal taxes based on interest paid.
I think this is a foolish analysis. He is totally biased because he has agents on both sides of the transaction. Lawyers and agents will start doing the representation for a flat fee and buyers agents simply will perform this as a service. People can still have open houses to view the homes. And lots of homes don’t even get shown without an offer being submitted. So his take is purely formulated from what’s in his best interest financially. He wants to keep collecting commission from both agents. Simple as that.
So this "professionel" real estate agent is promoting the steering of buyers based on his commission! Wow, just wow! I guess the commission breath has gone to his head!
So you want realtors to ask for financial info from a buyer? Really? We have been asking realtors to stay in their lane for years. They don't have the expertise to ask the right questions. Just my opinion.
