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Local Broker: Now is not time to panic
By ANNA SCHUMANN
Regardless of political opinions about the recent congressional economic bailout, now is the time to be supportive of the economy, said Jeff Anderson, mortgage broker at Truemark Lending in Tomball.
He said many things went wrong to get the national economy where it is right now, but said he can only really speak for what happened locally and statewide.
Problems have stemmed from homeowners, especially first-time homeowners, not being told about their true mortgage and property tax payments and then being upside-down on payments, he said.
Anderson said this is one of the many cycles of ups and downs he has seen in his career.
A few things can and should be done, even at the local level, he said, to try to make sure the future of the economy is better.
He said there should be personal financial planning classes at the high school level and schools and parents should teach children the basics of finances including how to balance a checkbook.
Primarily, he said, people need to be supportive of the future.
“Right now, we need to convince people around us the economy is strong,” he said. “I wasn’t a fan of the bailout but now that it’s in place, we must support it. This is not the time to panic.”
He said many things went wrong to get the national economy where it is right now, but said he can only really speak for what happened locally and statewide.
Problems have stemmed from homeowners, especially first-time homeowners, not being told about their true mortgage and property tax payments and then being upside-down on payments, he said.
Anderson said this is one of the many cycles of ups and downs he has seen in his career.
A few things can and should be done, even at the local level, he said, to try to make sure the future of the economy is better.
He said there should be personal financial planning classes at the high school level and schools and parents should teach children the basics of finances including how to balance a checkbook.
Primarily, he said, people need to be supportive of the future.
“Right now, we need to convince people around us the economy is strong,” he said. “I wasn’t a fan of the bailout but now that it’s in place, we must support it. This is not the time to panic.”
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