Outcomes are derived from choice, Choose You.

Have you ever heard the phrase, “change your zip code”?  This means if your current actions create the same outcome time and time again, you have to change your zip code to get a different outcome.I learned many lessons from my mentors during my Banking Career.  One of the most valuable lessons was the Bank always does what is in the best interest of its Shareholders.  It is the fundamental responsibility of a Corporation.  Early in my Bank career my mentor granted me stock based on performance and I quickly understood the generous recognition to be a Shareholder.  The wealth…

2 Out Of 3 Loans Used for Credit Cards and Loan Consolidation

MoneyTipsWhat do you do with debts that have unfavorable interest rates or difficult payment terms? If you can, consolidate them into one debt stream with more favorable terms. Balance transfer credit cards exist for this purpose, but personal loans may be an even better alternative. November 2018 data from LendingTree shows that over two-thirds of all personal loan inquiries are for debt consolidation (37%) or credit card refinancing (31%). Personal loans generally offer lower interest rates for equivalent credit profiles, and consumers are taking advantage of the difference. The lowest average annual percentage rate (APR) for all credit…

Nearly 1 In 4 Feel They’ll Never Escape From Significant Debt

MoneyTipsAccording to the latest Household Debt and Credit Report from the New York Federal Reserve, America’s total household debt has surpassed $13.5 trillion. Do you sometimes feel like $13 trillion of that debt is yours? Based on a recent survey by LightStream, almost one-quarter (23%) of Americans believe that it’s nearly impossible to climb out of significant debt once you acquire it. The sense of hopelessness can lead to bad decisions and a treadmill of running debt. In that harmful mindset, $13,000 might as well be $13 trillion – you’ll never pay it off anyway. Don’t let despair…

Shaun Graham Promoted to Executive Vice President

Shaun Graham has been promoted to Executive Vice President and added to Executive Management at Southeast Mortgage of Georgia, Inc., SEM.   Our last EVP is now our COO.  Since inception in 1993, SEM has had 6 Executives in this group with two retired.  Shaun joined SEM on 10/10/2005.  After a football career and graduating from the University of South Carolina, Shaun entered the Mortgage Industry as a Loan Officer in our call center and eventually worked his way through the ranks to Office Manager and then Senior Vice President.  With a fundamental understanding of our business and the respect…

Inflation: Your $1 matters, treat it wisely.

The equivalent of $1 in 1963 is $7.79 in 2018.  If you saved your $100 in cash under your mattress in 1963, you would $12.84 of relative cash left. If you invested $1 a day every day since 1963, you would have $842,416.Owning a home is an inflation friendly activity.  Unlike cash that deteriorates due to inflation, home values rise.  With QE1, QE2, QE3 monetary policy since the last financial crisis, inflation should be in the forefront of your personal financial plan.In today’s economic environment, holding cash is no longer king.  A large cushion for the unexpected is always prudent; however,…

Economic Downturn: Safe Path for Client’s and Companies

As everyone is starting to realize, the economy is slowing due to the Federal Reserve tightening (raising rates), Tariff battles, and inflation creeping into our daily lives.  What should not be a surprise is we are 10+ years past the last recession.  The historical average recovery period is 7 years. In the mortgage industry we all basically get money from the same place to lend to clients.  The competence and service we provide is the differentiator for clients.  Unlicensed Bank Originators and Licensed Non-Bank Originators, spend 6-8 hours working with a client.  The client spends 15 – 30 years with their…

Shareholders at Southeast Mortgage

“Shareholders at Southeast Mortgage are Quantitative Producers in both Sales and Operations, Loyal Teammates, and those who inspire us to be the best.  Taking care of our team during their work years and after is our fiduciary responsibility.  At the end of the day, I work for 34 of the best bosses a Chairman can have!”  Cal Haupt, Chairman and CEO, Southeast Mortgage of Georgia, Inc.www.southeastmortgage.comPhone: 770-279-0222 …