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THIS MORNINGS QUICK LOOK

1.  TOUR DE MTG FINANCE – History Of Mortgage Rates
2.  PRODUCT HIGHLIGHT – Self-Employment Covid Extras Gone
3.  MARKETING – Adding Intent To Envision

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HISTORY OF MORTGAGE RATES

This could possibly be a cool one to share on social media or just to be aware rates are not that bad. See below grid to see what rates have been over the last 50 years. 

Pretty cool graph of average rates over the years.

Product & Guideline Highlight Knowledge That Gives You An Edge Over Your Competition

SELF-EMPLOYMENT COVID EXTRAS GONE!

Effective immediately the following is no longer required on Self-Employed Borrowers.

When 2020 and 2021 returns are being used we no longer require:

• YTD P&L (audited or unaudited) with a minimum of 3 months reported.
• If unaudited the 3 months business statements no longer required.
• SBA Paycheck Protection Program can now be considered business assets.

If most recent tax return in file is prior to 2020 the temporary requirements continue to apply. Basically, think we do not know they have recovered yet hence old rules apply.

Note: If we do have business bank statements in file not showing support of current tax year we cannot un-see them and will review.

Verifying business is open and active on final verbal still applies.

Note: At time of this writing the memo has not been officially released. I expect it to be released today. So until then this is just a notice.

Marketing Ideas And Opportunites Little Things That Can Make A Big Impact

ADD INTENT TO ENVISION

This is part 2 of what I have learned to be essential to be the person you desire to be. 

Step 1 is if you do not have a vision of what type person you desire to be and write down how it will impact your life, what a day in the life of looks like, how you would react, act or be in different situations then nope not gonna happen. Just another waste of time hoping to be something your not.

Step two is you must have intent. Huh? What the heck is intent Lucy asked me.

Intent is actually making the decision to do what it is you want to do. But to decide you must actually believe in what you are trying to become.

Millions of people have a belief that they should be a good mom or dad or originator or owner or employee or for me as explained before a godly man in all situations but knowing that is what you should be and believing it to be the truth are different things. 

If we believe in what it takes to be whatever it takes to become the person you desire to be we must trust that the actions required to take will end with the result we are looking for. 

As an example Mahatma Gandhi who looked closely at Christianity as practiced around him remarked that if only Christians would live according to their belief in the teachings of Jesus “we all would become Christians” and he was right in saying that cus you know that is not the case. 

Now take that and say you are wanting to be a top originator. If originators did everything it requires to be top in the business then everyone would be an originator.

But it is simple, we do not fully commit to the rules put in place to be the best because we truly do not believe it will work and are not willing to put the work in. Goes for being a mom, dad and again anything you desire to be. 

We all know the “right” answers but we just do not believe them to the point to act on them. That is where intent comes in. Intent is truly believing in your desire to do so and that the outcome of obedience to these rules will result in the expectations you have created. 

It is so simple.If you don’t intend to follow the advice or rules of what it takes to become who you want to be then you just don’t trust the advice or rules. We want to but we just don’t. 

Just think about all the times you have professed to make a change in your life and procrastination or timing or whatever excuse we can drum up the issue was not you failed but that your profession or promise or intent when giving it was just empty. 99% of all weight losses do not truly believe the end results will happen.

So if you have a forceful vision of who you desire to be in each moment of what you are desiring and then you support it with a true belief in what it takes to accomplish this then that is piece 2 of the puzzle.

Piece 3 comes on Monday. And that is “Means”.

Turn Times As Of This Morning Lookin Good!