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Success For Life
Wednesday, January 31 2024

I'm in the process of buying my dad a condo in Florida.

And to get MAX leverage, it's best to put down a down payment and take out a mortgage.  I love this strategy because I can pay off the mortgage quickly and it gives me a nice boost on my personal credit reports.

So...I'm used to the loan process.  I've been through it many times.

But this year -- 2024 -- there's something weird going on.

The mortgage lenders and banks have become so much more STRICT than they've ever been...likely already seeing troubled waters down the road with elevated foreclosures and short sales on the books...information that the rest of the population doesn't get to see until it's too late (and the market is collapsing around our ears).

My mortgage broker took my exact information from last years' house purchase...a house I've already paid off.

On top of that, I'm getting a loan for HALF the amount of my house, again, using the SAME financial info from last year with a HIGHER FICO this time around. all accounts, I should be qualified with flying colors, right?

This is when things got strange.

I get royalties from my book The Lost Secret.  Royalties are pretty important in the world of getting a personal mortgage, believe it or not.  It considered the highest form of income for some reason.

But what she asked me for next kind of shocked me.  She said, "Can you get some royalty statements for the next 3 years?"


I then asked her, "Can you get me your bank statements for the next 3 years?"

Because that's just how freaking ridiculous her request was.

A royalty statement is much like a quarterly bank statement that you'd only get AFTER the close of the prior quarter.  (No before, obviously.)

So, for someone -- ANYONE -- to ask me for the next 3 years of these royalty statements is essentially asking someone to commit fraud.  She wanted some Excel spreadsheets from the publisher and I asked her how getting this paperwork was possible.

She didn't provide an answer which means... "Just doctor them up, baby!"

I refuse to commit loan fraud.  NOT happening.

I had to pull my loan from her and give it to a different broker who was able to get me the loan I needed within 48 hours.

Utterly ridiculous.

My point here is this:  I have pristine credit (800+ FICO), no debt, and a REALLY good income.  And yet here, in 2024, I'm barely able to qualify for less than 1/3 the amount of personal mortgages I had last year (that are ALL paid in full, by the way) using the exact same paperwork (tax returns, etc.) I had last year.

This means that the tides are changing in the mortgage lending industry to mitigate future loss...that's coming like a tsunami.

So, what do you do if you want to make money in real estate?  How do you buy a property if lenders and banks are more strict THAN EVER?

I have ONE strategy that you can use.  And it's so simple, so effective, and so freaking amazing, you'll wonder why you haven't been using this secret all along.

CLICK HERE to find out all about it.

Listen, the economic sands are shifting again.  And it's happening quick.  It's almost like dealing with a leaky damn that's about to break.  And when it breaks, it'll happen SUDDENLY without warning, like an explosion.

Those of us who watch the economy -- we won't be surprised.  Those of you who have been ticking along -- thinking everything is A-OK -- you'll be caught with your pants down.

Do you really want that?

I didn't think so.

CLICK HERE to find out how you can wildly profit with this upcoming economic tsunami that's close up ahead and how you can get cash flowing properties left and right with this ONE little "no credit" strategy.

See you at the top!

Your mentor,

Monica Main

P.S.  I shot a quick video last week that explains my entire wealth strategy for today's economic market.  CLICK HERE to watch it.  I think it'll open your eyes about a lot of things.

Posted by: Monica Main AT 03:55 pm   |  Permalink   |  Email
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