XM Loans - The Mortgage Optimizer

We recently discovered that many persons are of the mistaken view that home ownership is a constitutional right, and by "constitutional right" they mean that it is the government's responsibility to ensure that they own a home. Having discovered this pervasive mindset toward home ownership, we thought it only fitting to give our thoughts on the invalidity of this view.

Albert Einstein is credited with the quotation that, "you can never solve any major problems in your life, with the same level of thinking you had when you that created problem". In the present context, this quote means that in order for you to become a home owner, you must first changes how you think about accomplishing this goal.

Unfortunately, many Bahamians are inclined to abdicate the responsibility of acquiring basic needs to the state. While that may have been necessary in the erstwhile fishing village, a modern Bahamas must demand that its' citizens have "a national commitment to self discipline, industry, loyalty.." [see the preamble of the constitution of the Bahamas]. The time is long past for Bahamians to have been weened from the teats of government. While exceptions can be made for those too young, too old or too disabled to care for themselves, the rest of us ought to commit ourselves to those values penned in our constitution.

When we depend on the government for our basic needs, by default, we are admitting our unwillingness to take ownership of our individual and collective destinies. This mindset of dependency reveals that we have no confidence in ourselves. Moreover, we are all to eager to be shepherded by those supposed luminaries who in many instances, are struggling to meet their own needs. The truth is, many of our leaders have survived on the largess of the public purse for longer than one would consider decent. Yet, we persist in looking to the very same people to make our personal ambitions a reality, when in large measure, their own dreams remain unfulfilled.

Paul the apostle admonishes us to, "transform yourselves by the renewing of your mind...". Clearly, this biblical injunction confirms that we will not substantively change our lives unless we first change our thinking. If this apostle believed otherwise, he would have said so. Even salvation begins with the mind, believing is an action of the mind and so is repenting. If we apply this lesson to our lives in gerenal, we would accomplish greater things than heretofore. Finally, if we truly believe that we can have a home without the intervention of beaurecrats we will. Likewise, if we repent of our slothful, and undisciplined ways, will have our own homes, and maybe the kingdom of heaven and eternal life will also be ours.

From the President’s desk….

JUST WHO IS "US"?

Local and foreign pundits are now saying that the global recession is behind "us". While this all sounds good on the surface, this is not necessarily the reality "on the ground".

Large numbers of people are still losing their jobs, and at the same time the number of repossessed homes continues to increase. From all accounts, more and more people are lining up at aid agencies for food, and yet, we're told that the recession behind "us". We are aware that there is a lag time until the overall economy will recover, but we remain mystified about the identity of "us".

Therefore, the question is, who is the "us" being referred to when it is said that the recession is behind "us"? Certainly not the people who have lost their jobs and homes and are now in the bread line. Maybe "they" need to speak for themselves and leave "us" out of their claims, as they obviously are out of touch with our reality!

Your monthly mortgage tip:

Secrets Lenders don't want YOU to know!

loanSecrets

Contrary to popular belief, real estate on the Family Islands can be used as collateral for or down payment on loan funding for projects in Nassau!

Historically, most lenders have approached this issue with the flawed mindset that the Commonwealth of the Bahamas consisted only of New Providence, Grand Bahama and Abaco. If you have unemcumbered property on a Family Island, rest assured that it can be pledged as collateral for your Nassau based project!

To find out how to get the best use of your family island property, email us at info@xmloans.com

KNOW THE FACTS –BANKS CANNOT DISCRIMINATE AGAINST LAND ON THE FAMILY ISLANDS!

The material contained in this newsletter has been prepared by XM Loans Ltd. 404 Bay Street, PO Box N-4443, Nassau, Bahamas and independent feature contributors. The material provided is for informational and educational purposes only and should not be construed as investment, financial, real estate and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.

As your Trusted Advisor, we always want to make sure you are clear on all details of the home financing process. If you or someone you know are interested in purchasing or refinancing a home, give us a call today! XM Loans Ltd. is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. The Mortgage Optimizer does not grant to the recipient or distributor a license to any content, features or materials in this email. You may not download, or save a copy of any of the content except as otherwise provided in our Terms and Conditions.

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