Hi Friends,

I’ll be taking a break from mortgages and Tucson for a couple of weeks. My family and I are headed to Argentina and Uruguay for a couple of weeks while we are visiting our son and extended family in Buenos Aires. It seems hard for originators to go on vacation! We always have our borrowers relying on our expertise and guidance. I have a great team covering for me locally and in our loan processing center in Mt. Laurel, NJ.

Timing can be so very tricky. For example, as I write this blog, interest rates are at a fifty year low low according to the Freddie Mac weekly survey. The Wall Street Journal pointed out that demand has been relatively flat because  many homeowners were able to take advantage of low rates in 2009. Here in Tucson, a third of the houses are under water! Less than 40% of borrowers are able to qualify for a refinance and many don’t feel the closing costs are worth the potential savings. It’s not easy to get a mortgage these days and refinances can often become even more challenging.

It is also more challenging to become a mortgage originator. Did you know that over 30% of originators fail the exam for their licenses? I am proud to let you know that I passed all of my requirements with flying colors! The number of loan originators in Arizona has been drastically reduced. You can count on me to be there for your mortgage needs, now and down the road!

I’ll be back on July 13th! I can be reached at david@davidwolsky.com and 520-275-2536.

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