Manage episode 377589299 series 3478223
In this episode of Wealth In Real Estate Development (W.I.R.E.D.), host Nick Smith sits down with residential Mortgage Loan Originator, Aaron Stokes of First Financial Bank located in Northwest Indiana.
If you are building properties to sale, then you must have good mortgage loan originators on your team. Aaron discusses how he got his start as a mortgage broker almost 20 years ago. A few years after this start, he shifted to become a real estate agent. But around 2008, he sensed that a storm was brewing so he went back to mortgage banking.
In this episode, he discusses how the mortgage industry has changed since 2008. He also discusses some of the major challenges currently facing the mortgage business. Aaron also gives his opinion on if he thinks that we are headed for another foreclosure crisis. I also asked him what some of the main reasons people are not qualifying for mortgages in today's climate and you might be surprised by his response.
Even though this show is not geared toward residential retail homebuyers, nobody can deny the immense economic impact that mortgage lending has on the U.S. economy. So, on this episode, listen and learn from a true industry expert!
If you would like to reach out to Aaron, please do so at the following:
Phone: (219) 455-1382