Mortgage and Banking – Booming Trend That Can Help You During These Difficult Times
Interest rates might be low right now, and the Feds make special adjustments from time to time out of desperation to keep the mortgage and banking industry on its feet. But at the end of the day, we know that these factors are just temporary solutions. It’s like a band aid. It only covers the sore that still exists. We know that for the mortgage industry to make a legitimate comeback, the real estate market has to make a legitimate comeback first. That’s how it works and has always worked. Anything different just means that it’s a stack of cards without a solid foundation, or like the foolish man that built his house upon the sand.
This drop in rates might be giving us some temporary business right now with refi’s, but it is really only giving us a false sense of hope because the real estate market might still be years away before it comes back.
The trends do not lie. Let’s look back over the last 30 years. I’m just pointing out the evidence that economic and banking trends go through cycles. We are currently in a downward trend without hope of any immediate change.
Our current trend might last another 5 years or so. We obviously don’t know exactly how long it will last. But I suggest you find some other way to make money in the meantime or you might as well try and squeeze blood out of a turnip. You just cannot make consistent money in the mortgage industry as easily as you can on the INTERNET with the same amount of effort.
Internet business is the booming trend right now. Get in on this booming trend at least until the real estate and mortgage industry come back.
Other people have done the same thing and it is working for them. I’m not suggesting you jump of a cliff just because everyone else is doing it. I’m just suggesting that if something is NOT working, why force it. Do something that works. Right now the Internet is where it’s at. Give it a shot.