If you have a home loan with them, I do, don't fret. They will continue to be your home loan peeps!
They just aren't going to start any new loans. It's all about the money of course. The big dog stated that it was just too competitive in the mortgage industry to actually 'make money in the business'.
Really? Anyone else look at how much interest they earn over the life of your loan? You know, that amortization schedule? Oh, and if you have never looked at yours....ask your mortgage company for a copy....it will stimulate you to add a few bucks extra to your monthly payment!
Regardless, just a quickie post to let you know. As they are the mortgage company for a lot of people I know, since they got in the biz in 2009 when there was a lot going on.....a lot of us have them.
And, of course, it will impact quite a few employees but they are stating they will help them get re-hired elsewhere. Well, maybe they will put them in the Real Estate Investment, multifamily, and development, they are continuing...obviously that's where the bigger money is with less competition.
Any questions, just pop me an e-mail ~ Lauren@KeepYourWitz.com
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