Born from the success of the “The Loan Officer Podcast”, this channel gives me, Dustin Owen (DO), the platform to teach everything I have been fortunate to learn about business, sales, the mortgage industry, personal finance, entrepreneurship, real estate investing plus so much more - All because in 2004 I switched careers and became a mortgage loan originator (Loan Officer).
The stories told and lessons taught come from my 20+ year career which has been filled with crazy amounts of success and even more inevitable failures.
Our mission is to invite you into the room where it happens. We strive to teach you how to create opportunities even when it can be a struggle to get your foot in the door.
While there is content specifically for mortgage professionals, the majority of what we produce will encapsulate the world of personal finance, sales training, real estate investing, homebuying tips and just about anything else “adults” are supposed to know.
Literally just max out your 401k every year at 24k and max out your Roth IRA every year at 7k and you will be a multimillionaire by the time you’re 65.
Would you tell someone right at this second to do this career with the things that are happening? I am both an agent and MLO. I am choosing one to focus on and the other for personal. Which one would you tell someone to go for?
@@TheLoanOfficerPodcast Oh of course, real estate license is for my investments only. I know, I hate when I hear mortgage can be part time or a side hustle. That is far from the truth. I'm saying, would you advise someone to go in this career knowing what we know now?
I like this, but don’t say that some people CANT, instead say that some people won’t. It’s all about effort, only thing stopping people is laziness, and lack of motivation. Saying some people CANT will feed into that lack of motivation. God bless.
I can’t believe this episode .🔥🔥we just redid all our bathrooms at same time during the 🦠 . Definitely relate to Dustin’s story but JC smh not everyone has a pop star finish.. what in the rainforest and steam room are you speaking of😂.. team home depot. Those types of spas you refer are a lot to maintain ❤
Have yall ever heard of negative interest rates? If so how would this affect someone as a mortgage originator like D.O. If the mortgage company sells their debts to the big banks , why would the big banks buy it if by the time it matures its less? And do you think it’s possible we would ever see negative interest rates?
Yes. Several European countries and even Japan had negative interest rates at one point a couple years ago. Here in the states I have read nothing that would make me believe that is on the table or even has been. Those negative rates were on their country's version of our Fed Funds Rate.. Most mortgages in the US get packaged into securities (bonds) and then sold into the secondary market. Even the big banks don't own them. The big banks just service the debt on behalf of the bond holders. These bonds are similar to 10-year treasuries in terms of how they are bought, sold and traded. They have a price and they have a yield. Their price and yield change daily just like the price of Tesla stock changes daily.
This video is of our recent podcast episode. We have started releasing one actual video per week that is direct, short and to the point based on feedback like yours. So, thank you. We appreciate the support and input.
Way cheaper to rent than buy. Rent and invest the difference. The price of property insurance and tax alone will equal the price of renting each year. Doesn't even take into account the overinflated mortgage. And lets say prices appreciate like this guy is saying. Those prices just go up. I'll take my 2k rent over these overinflated housing expenses. You're waiting because its unaffordable and we wont pay these prices until supply comes up to reduce the price. And if it doesn't then keep renting. Ive been paying the same 2k rent for the last 3 years. Hasn't gone up once.
Two thoughts on this...First, most won't invest the difference. I agree that is a strategy worth exploring but with 50 years on consumer data I can tell you most won't. Second, let's say the "difference" was $1,000 per month. Of that $1,000, $500 is going towards equity via principal reduction. So the real difference is $500. Investing $500 per month = $6k per year. At 3% appreciation (not 4+% which is the 50+ year average) on a $400k home you are talking about $12k in appreciation. ($12k > $6K). All that said, no one should buy if they are not ready or cannot afford. The point was if you can afford and are ready the odds are stacked against those who wait.
Am a service advisor at a dealership. Was very discouraged before but after listening to this episode I think all I need is to understand mortgages and learning marketing myself. Otherwise those headaches with customers I deal with everyday. The objections are plenty. Everyone is or knows a mechanic if you know what I mean smh
Wow. DOJ! You’d think there would be higher priority cases for them to be looking into! Especially after the NAR settled. There must be some money to be had if they’re getting involved.
Wow, this is a must watch. Love how Dean Jarley mentions how quickly he went from considering limiting the use to wanting to make sure the students know how to use it. Go Knights! Proud alumnus from UCF College of Business. Go IB!
I'm sorry but they actually are "junk fees". I worked in the auto industry for 17 years and we would tell customers the dealer fee was "the cost of doing business" too, but in reality, it was pure profit. "The cost of doing business" should factor in to your overall profit, otherwise, you can't tell me your only profit is the money you collect "for doing business" The American public continues to get duped by every major industry but are getting suckered into blaming poor people and immigrants for higher costs. Pretty sad to see how easily so many grown adults can be manipulated by the system.
Curious, have you seen the earnings reports for lenders for the past two years? Also, if these are not paid (which by the way is an option) then those cost get financed in by way of .125% to .25% in higher interest rate. Either way, there are costs to produce loans. Those costs need to be covered one way or the other. "Junk" is not the right word.
Remember, we work better when we are well compensated. We just sold and we paid the 3% buyer’s agent commission happily. We were given the option to not pay, but how would that have affected our realtor’s performance? We sold in 1 week.
Ooh this is getting good😮what in the entertainment is going on over here? JC is going off with the editing.. let me go find a tech friend fr!😂 I’m gonna entertain em into my pipeline.. I’m playing🔥🔥episode
