7 Questions That Predict Your Success


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Success. Its definition reaches far beyond our income, position, and responsibilities. For some success is achieving the freedom to live the life they want, while for others it hinges on their professional recognition. Do you want to know if you will be successful in the future? If so, ask yourself these questions. Welcome to Friday’s Food for Thought, brought to you by Open Mortgage, where better is possible.

reverse mortgage news1. Do I share my goals?. We’ve heard for years that sharing our goals helps increase accountability, however, some studies have shown quite the opposite. In a recent TED Talk “Keep your goals to yourself”, Derek Sivers said that sharing your goals can lead to a social reality that tricks the mind into feeling you’ve already met your goal. It boils down to less talking and more doing until after the fact.

2. Am I stubborn?. The world and those around it are constantly seeking to impose its will on you. “The question is whose will does prevail in the end? Stronger will power is the results of…

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Lifesavers Part 1: Preventing foreclosure

Preventing Foreclosure

How To Prevent Foreclosure With Reverse MortgagePersonal success stories are a powerful vehicle to imprint the value of a product or service in potential clients’ minds. The following true tale will brighten your prospects’ holiday season.

Reverse Mortgage To Prevent Foreclosure

Reverse mortgage was a lifesaver for 77-year-old Isidoro, who had been in foreclosure due to the current economy. By the time he contacted Security One Lending, Isidoro was on the verge of losing his home to foreclosure within a few months. He was faced with moving out of his home and trying to find a rental somewhere on a Social Security income of just $800 a month, which would have left him with precious little money for food and other necessities.

Security One’s loan advisor quickly realized that the home’s value was in decline — something many Americans are experiencing now. Chase Bank had tried for the better part of a year to “short sale” the home, with no offers. Fortunately, the bank has a program to accept a reverse mortgage in lieu of a short sale.

Security One Lending negotiated with Chase Bank over several months — and several foreclosure extensions — to ultimately shave a whopping $182,000 from the principal note balance. Additionally, the loan agent was able to drastically reduce the reverse mortgage loan fees to allow the client to qualify, and have his existing Chase Bank loan paid off in full — which kept him from losing his home.

Isidoro retains full title to his home, and can never lose the house due to non-payment. That’s a true holiday gift!

In Part 2, we’ll hear from seniors for whom reverse mortgage means relief from financial stress.