Blown Mortgage had its genesis in this post on my rambling journal of a blog. Here’s the gist of this blog. I own a mortgage company, but I’ve never done mortgage sales. In fact – I’ve only been in the mortgage industry for two years. This makes me an outsider. This makes me dangerous – to the industry. I know the mortgage origination industry in and out. Don’t believe me? I’ll prove it to you if you stick around for a few days.
I got in to this industry to change the way mortgage originations are done. To change the bait-and-switch. To stop people from getting screwed out of their only investment in the world. And we’re trying. But guess what? You people are stupid! You believe what you hear when you should know its to good to be true. You go with blind hope and faith, instead of logic and reason. And guess what? You’re getting killed in the process.
This blog will help you – will arm you with simple tidbits about the mortgage industry that people don’t want you to know (people=your mortgage company). These tidbits are here to do only ONE thing – protect you and your house. Some of these are going to be obvious, some will be enlightening. Don’t be afraid to not know. The epiphany hit me when my dad, who was nearly a judge, didn’t understand how his mortgage worked. Most people don’t; most people get screwed.
Blown Mortgage is about keeping you out of a bad mortgage and helping you out if you are in one. Blown Mortgages are bad mortgages. Ignore these tips as your own peril.Click to See the Latest Mortgage Rates»