Since the government shut down once again, people are being much more conservative with their money. The last government shutdown resulted in a complete shift in the economy, and the people who are looking to buy a home are remembering this as we enter another “danger zone.” They may want to wait things out until spring, after all the changes for the new year take effect and the impact of the government shutdown is a bit more obvious. That means the government may be slowing things down even more for the mortgage profession.
Instead of getting upset that things have slowed down, now may be the best time for you to prepare yourself for the coming changes of the new year. You can do this by paying close attention to the decisions that are being made in government offices, but you can also do it with mortgage continuing education classes.
No matter how long you have been dealing with mortgages, you have to know that there are some serious changes in the air, and only the professionals with the knowledge to give their customers the most advantageous positions are going to make the transition smoothly. In fact, mortgage continuing education classes may be the thing that puts you ahead of everyone else in your field, as they wait until the last minute to try to understand the new income taxes and other issues that could easily have a serious impact on whether or not people want to buy or sell their homes. While you are offering your clients the latest information available, others in your profession will be faced with questions they simply can’t answer.