I was Turned Down for the First Home Loan I Ever Applied For
The Mike Litton Experience
Mike Litton
5.0 • 1.2K Ratings
🗓️ 24 August 2023
⏱️ 7 minutes
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| 0:00.0 | Welcome to the Mike Litten Experience Podcast. |
| 0:05.0 | Mike has over 31 years experience in real estate, finance, and investing. |
| 0:11.0 | He's passionate about being a father, a teacher, a realtor, an investor, and a leader. |
| 0:18.0 | Everyone has a story and our passion is to help them tell it. And now introducing the host of the Mike Litten Experience, Mike Litten. |
| 0:28.0 | Welcome to another edition of the Mike Litten Experience Podcast. |
| 0:32.0 | This is Mike Time. So I've been in the real estate |
| 0:36.3 | business for a little over 31 years and I started off in the mortgage side. I started off |
| 0:41.1 | in the mortgage side because I got turned down for the very first home |
| 0:44.2 | loan I ever applied for and one of the things that I learned was that I could do a |
| 0:50.4 | better job or I believed I could do a better job than that loan officer did because that loan officer did not |
| 0:56.1 | lift a finger, did not return a phone call, did not help me at all, when it came to trying |
| 1:01.0 | to help me turn a no into a yes. So I got into the business, I got a license |
| 1:06.0 | with the Department of Real Estate in California in 1992 and I got into the mortgage business. |
| 1:10.5 | The very first loan that I ever got approved have been turned down by eight other lenders. |
| 1:15.0 | If we hadn't gotten that approved and funded when we did, two weeks later, they would have lost their dream home to foreclosure. |
| 1:22.0 | That was very, very rewarding for me. |
| 1:24.9 | It didn't matter what I made in terms of commission. It was the fact that I was able to get this done. |
| 1:29.5 | What I also found out was if this loan officer that got me turned down, if this loan officer had |
| 1:35.8 | given me the benefit of the doubt and spent an extra 15 minutes verifying what it was that |
| 1:40.6 | I told him to be true. |
| 1:43.1 | I would have been approved and I would have never, |
| 1:45.8 | I don't think I would have ever gotten into this business. |
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