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Its the VOLUME not the RATE
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- Slide 1: Class July 28, 2008 From the WSJ last week: 2) 5 of the largest U.S. financial institutions led by Wachovia and Washington Mutual reported losses of more than $11Billion 3) Builders sue Banks that pull financing as projects lie unfinished. Clampdown on construction financing. 4) Mortgage rates nearing highest level in a year 5) Housing package includes up to $300 Billion, raises debt limit to $10.6 Trillion
- Slide 2:One of the most important lessons from the Think Tank was the point that it is not about the rate, it is about the flow. We have heard that many times but do we really communicate that to our prospect? Let’s look at an example:
- Slide 3:
- Slide 4:• Over 10 years we have paid in a total of $71,903.70 and total principal paid is $15,623. • Interest paid on the loan is $56,281 or a whopping 78% of the cash flow. • Mortgage lenders say most
