Two timely quotes:

1. “When the paradigm shifts…your past success means nothing.” - unknown

2. “We can't solve problems by using the same kind of thinking 

we used when we created them.” - Albert Einstein

What happens when we collide these two ideas together in these crazy times?

We see that your past is not going to support your future. And we see that you have to change your thinking to survive and thrive in the new, post-Corona paradigm.

In short. The world and its rules just changed. And to respond, we must change.

How do you need to change?

It’s a big question, but how you answer it could define your entire future.

We must stop burying our heads in the sand. We must stop searching for someone else to blame. We must take control of our own lives.

It all starts by asking, “What new kind of thinking do I need to embrace?”

It’s a big responsibility, but at least it’s yours,

Robert Kiyosaki

Surprise! Surprise! In what should come as no surprise at all is news today that JP Morgan Chase is suspending origination of all HELOC loans. A HELOC is short for a Home Equity Line of Credit. In other words what they are telling us is that they believe that home values will begin their decline as a result of the pandemic and job losses as a result. They might be thinking that they may not get a huge bailout like they did in the Great Recession of 2008. That is my opinion today as I watch from the sidelines.

Afternoon all. What is meant by the word escrow? Escrow is the person or entity entrusted with the collection of all items and documents necessary for a real estate closing. Title companies and attorneys are often escrow agents. These entities are non-interested third parties to a transaction and their function is to make sure all facets to a transaction is as it should be.

What are closing costs? Closing costs are expenses incidental to a sale of real estate, such as loan fees, title fees, appraisal fees, etc. Are you aware that as a buyer you can ask for a seller to help pay some or a good portion of those fees for you? Ask your attorney or real estate professional for more information about this topic.

As mentioned earlier here, we have been in the real estate and mortgage arena for over forty years. In the next few days we are going to give some definitions of some industry terms you may or may not know. Today we are going to discuss a POINT. A point is 1 per cent of the amount of the loan. There is also what's known as a point letter. A point letter is a letter from a lender which guarantees the number of points on a loan for a given time.

Another day in the Pandemic world! We are all reading the same headlines. As things start to worsen the scammers will be out everywhere. Please do not give out information to anyone you don't know and trust. Many of us are old(I'm one). Don't let your guard down. The IRS does not call you. The IRS does not send you emails! You should never respond to any email or call that is asking you for your sensitive information. In this pandemic time the criminals will be out in force. Look at your bank info daily. Protect yourself from getting cleaned out over night. If you see a charge on a credit card you don't recognize, report it, contest it. Be safe and be wary!