• Home
  • My Courses
  • Licensing
  • Catalog
  • Streaming Now
  • Latest News
  • FAQs
  • More info…
    • Testimonials
    • Product Stream
    • NewsReal
    • Mortgage Professional Consultation Services
    • Book a Session
    • Appointment Profile
    • Verified Reviews
    • State Pre-Licensing and Continuing Education
    • CPA’s have a Big Opportunity in Mortgage Brokering
    • Policies
    • Newsletter
    • My account
    • About Us
Have any question?
(866) CLOES-ON (866-256-3766)
admin@cloes.online -
---NMLS Approved Provider # 1405047
CLOES.online
  • Home
  • My Courses
  • Licensing
  • Catalog
  • Streaming Now
  • Latest News
  • FAQs
  • More info…
    • Testimonials
    • Product Stream
    • NewsReal
    • Mortgage Professional Consultation Services
    • Book a Session
    • Appointment Profile
    • Verified Reviews
    • State Pre-Licensing and Continuing Education
    • CPA’s have a Big Opportunity in Mortgage Brokering
    • Policies
    • Newsletter
    • My account
    • About Us
    • Cart

      0

    Mortgage Insights

    • Home
    • Blog
    • Mortgage Insights
    • Real Estate Update December 2020

    Real Estate Update December 2020

    • Posted by Debra Killian
    • Categories Mortgage Insights
    • Date December 1, 2020

    Don’t Try to Outsmart the Markets

    Getting ready to refinance your mortgage but waiting for rates to fall just one more time? Is that extra 1/8th percent ready to drop? Some consumers begin to follow economic news and perform no shortage of due diligence trying to pick the perfect time to lock in an interest rate. Loan officers are asked on a daily basis, “What are rates going to do?” The fact is nobody knows and for those who say they know, well, they don’t. Yes, there are certainly general trends that can be pointed to but trying to outsmart interest rate markets can go wrong rather quickly.
    If you’re waiting on rates to fall just a little bit more, you run the risk of the opposite happening and when it does, rates could move higher and never look back. When you ask your loan officer what he or she thinks rates might do, the experienced loan officers know not to answer that question directly. They can tell you where rates have been and why, but they can’t tell the future. Can you imagine how upset you would be if your loan officer suggested you hold off another week and wait for a particular economic report only to ultimately find out the loan officer was wrong and your refinance opportunity is now firmly in your rear view mirror?
    The point is this: if you’ve got an attractive rate now and it makes sense to refinance, or you’ve got an accepted offer on a home and trying to time the markets, take what you have. The chances of rates moving up is higher compared to rates moving lower in our current environment. Don’t try to outsmart the markets.

    Download PDF here: Realty Estate Update Newsletter – 2020

    • Share:
    Debra Killian

    Debra Killian is a NMLS State Licensed Mortgage Loan Originator and Certified Residential Mortgage Specialist (CRMS), graduated from Western Connecticut State University, Danbury, CT with a B.B.A. in Accounting.

    She has over 35 years of financial, banking, accounting and business experience. Since 1994 when she started originating retail residential mortgages she has directly overseen and managed in excess of $1 billion in closed residential real estate loans, representing thousands of customers.
    Debra's experience and educational focus has given her an edge in the marketplace and a strong foundation as a passionate trainer for mortgage originators and Realtors offering customized sales and and mortgage-related training courses.

    She utilizes a proprietary software system (LoanMgr) developed by her partner and husband Don DeRespinis, CPA, CRMS designed for compliance, transparency and constant communications with customers, clients, Realtors, attorneys and closing agents throughout each and every transaction.

    In 2010, Debra co-authored one of the first NMLS approved 20-hour Pre-licensing SAFE Act courses, required for all state-licensed mortgage originators by Title V of the SAFE Act. She also develops for continuing education classes for Realtors.

    In 2011, Debra and Don co-authored The Mortgage Professional, National Residential Mortgage Loan Originator which has been approved by the NMLS for the 20-hour pre-licensing course.

    In 2014, she co-authored the MBA's School of Loan Origination(SOLO) I and II.

    Past positions include Directors of the CT Mortgage Bankers Association (CMBA) and National Association of Mortgage Professionals (NAMB), Past President of the CT Mortgage Association (CMA) as well as served on the Education, FHA and Government Affairs committees of NAMB. Debra is one of only four originators in CT to earn the Certified Residential Mortgage Specialist (CRMS) designation and the first originator in CT to earn the Lending Integrity Seal of Approval from NAMB.

    Debra speaks on a variety of topics to various professional groups and trade organizations and is available for custom course development and delivery.

    She is a member of the NAMB, CMA, AIME, Northern Fairfield County Association of Realtors (NFCAR), Connecticut Association of Realtors (C.A.R) and the National Association of Realtors. (NAR).

    Previous post

    Happy Thanksgiving! - 2021 Loan Limits Released!
    December 1, 2020

    Next post

    Real Estate Update March 2021
    March 3, 2021

    You may also like

    Audit
    UDAAP-ECOA-TILA Are You Ready for Examiners?
    27 May, 2022
    Appraisal Update Mar 2022
    Changes to the Appraisal Form and Data Coming!
    16 March, 2022
    1099 Agreement
    The Feds Beef Up Employment Enforcement on Independent Contractors
    14 February, 2022

    Leave A Reply Cancel reply

    You must be logged in to post a comment.

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Search

    Categories

    • AML
    • Banks
    • Certification
    • CLOES Live
    • Compliance
    • Credit Unions
    • Learning Management
    • Live Events
    • MLO C.E.
    • Mortgage Broker Business
    • Mortgage Competencies
    • Mortgage Education
    • Mortgage Employment
    • Mortgage Insights
    • Mortgage Lender
    • Mortgage Recruiters
    • New Mortgage Program
    • NMLS Licensing Education
    • Originators
    • Originators, Processors, Underwriters
    • Personal Finance
    • Processing
    20 Hour FEDERAL SAFE NMLS PE ID#7366 Mortgage Loan Originator

    20 Hour FEDERAL SAFE NMLS PE ID#7366 Mortgage Loan Originator

    $349
    20 Hour FEDERAL SAFE NMLS Review Course

    20 Hour FEDERAL SAFE NMLS Review Course

    $199
    State Pre-Licensing Courses

    State Pre-Licensing Courses

    $79

    Company

    • About Us
    • Contact
    • Introducing CLOES.online Affiliates

    Links

    • Knowledge Base
    • NMLS
    • NAMB

    Support

    • Documentation
    • Forums
    • Contact

    Recommend

    • What I Need To Do to Get State Licensed
    • Anti-Money Laundering Education Program
    • Mortgage Professional Certification

    Powered by CLOES.online.

    • Privacy
    • Terms
    • Sitemap
    • Purchase

    Login

    Lost your password?

    Reset Password

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

    Log In