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Opportunity In Tennessee As An MLO
As a multi-state licensed MLO, I have been pleased with what Tennessee has to offer an MLO. Home values have been climbing for several years now, and it looks like values are going to hold and increase over the next ten years. This means the availability of homeowners who have had mortgages for over 10 to 15 years have abundant equity in their most valuable asset, their home. The opportunity for large cash-out refinances, R&T refinances, and possible HELOCs is very high.
Another advantage for an MLO in Tennessee is a low inventory with an abundance of land with landowners ready to sell to the highest homebuilder bidders.
Now is a good time to begin developing relationships with local real estate agents to prepare for the future homebuilding boom in Tennessee.Let’s Make Your Mortgage Work For You!
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6 Replies
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I am heading to TN this next month. Just closed on our house.
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Congratulations Amanda Witthauer 👏 ❤️ 💙 You get a lot more house for the money, better people, affordable cost of living, better opportunities, and more positive energy. Great move
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Congrats Amanda! I am licensed in TN as an MLO. Keep me in the loop on what you are doing in TN.
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Learned something from Amanda that’s very important. Tennessee has a Branch to residency distance requirement if you live outside Tennessee. However, the Branch to residency distance requirement is waived if you live in Tennessee. I did not realize that. Therefore, Amanda is tied to Oakbrook Terrace Illinois Branch and the Branch is licensed in Tennessee but the distance from Branch to her home does not apply since she is legal Tennessee resident.
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I am so excited to get down there. Excited for the new adventure. We are in Seiverville about 45 minutes to Knoxville. So I am excited to have new areas to explore!
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I like Lee Greenwood. Is he your neighbor? Do you have family in Tennessee? It doesn’t snow in Tennessee right? How is the weather? What type of things to do there? Great food? Restaurants?