Career Questions and Answers
Is this a good time to get into the mortgage industry?
Asked by richandpam21234
I have been offered a job in Mortgage - after 17 (long) years in retail banking.
A:
Best Answer:
no it is not, housing market is slowing and refinancing peaked a year ago
A:
The way that I see it, is that people, depending on the economy, wont always be able to purchase homes, but during those times when there are not alot of purchases, refinancing comes in handy. During those times, alot of people will not be able to make there payments and you can refi them to get them down, possibly even pull some money out to lower their bills if there is enough equity in the home, or even add on a HELOC.
Answered by MrMouse
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