Nasty Reality

One of the most discouraging parts of the mortgage business is the ingredients that we use as a measure of success run counter. When all is good with your life which includes managing money well, paying bills on time and generally enjoying your life, you don’t necessarily need banks, financing, etc.

What I am referring to is the person who is experiencing employment challenges, personal problems like sickness to self or others, which puts a strain on finances. Adding to this, is the recognition that in tougher times, just when problems seem to rise, the whole issue of property value and equity become a problem. If property values are down, then the equity you might have thought you had, is not there. This, then, does not become a solution to debt load. Unfortunately banks are businesses, driven to succeed by profits. Investing in risky ventures is not part of their mission. As a human, telling people this and NOT being able to help plain old “sucks”. If I could hope for one thing it would be that you have a supportive relative that might co-sign. Asking is hard, the stress of debt is harder.