“The Message that a Continuing Education Course is Giving the Public?”
“You should consider consulting a qualified independent credit counselor or other experienced financial adviser regarding the rate, fees, and provisions of this mortgage loan before you proceed with a mortgage application”
I am almost done with my continuing education courses for 2015, 20 hours’ worth. I wanted to share the above statement as I was floored by it. Here is what the message is for me, they want the public to know that mortgage brokers cannot or should not be trusted.
I can definitely understand a second opinion from a doctor depending upon the seriousness of the medical issue. If it was a heart issue would you go to a podiatrist or internist? Of course you wouldn’t.
What doesn’t make any sense is that when it comes to a mortgage, getting a second opinion from a credit counselor or financial planner makes little sense in most situations. It is so hard to understand and credit counselors and financial planners are constantly referring their clients to me. That is not to say that I don’t consult with a financial planner if there is that kind of question.
How would you have interpreted this message?
Image courtesy of stuarmiles/freedigitalphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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