Recession? Can a notary signing agent make money in an economic downturn?

Are you wondering how a changing economy can affect a notary signing agent business? Well, it's simple. In a bad economy, interest rates go down, lower interest rates equal more home refinancings, and more home refinancings mean more loan signing appointments. Lowering short term and long term interest rates is the government's primary way to ensure the economy continues and strengthens through any downturn or a recession. The lending industry is one of those unique industries that the government prioritizes and is the first to be strengthened as the economy goes south. Why? Well, because the cheaper money is to borrow, the more Americans spend, thus driving our economy upward. The lower mortgage interest rates are, the more people will refinance their homes, lowering their payments and giving them extra cash to spend. This gives people more disposable income to spend on things like going out to the movies, buying new cars, spending money at restaurants, and any other activities that drive our economy forward. The federal funds rate directly affects adjustable rate mortgage rates and could indirectly benefit fixed rate mortgages. And the Federal Reserve recently announced that the federal funds rate dropped to essentially zero and announced a $700 billion quantitative easing policy. So what could that mean for you as a notary loan signing agent? It can mean a lot more signing opportunities. The last time the Federal Reserve took this exact approach was in the Great Recession of 2008. The following year, home loan originations rose nearly 30% or over 2 million more home loans were funded. These policies are specifically designed to make borrowing money easier and cheaper. And even before the announcement that the Fed dropped rates so drastically, there was a 79% increase in mortgage applications that was reported by CNBC. I've even read that there are more loan applications than there are bank employees. To push these record number of loan applications through. There will be millions of loan documents that will need to be signed this year which which means millions of loan signing jobs to be filled. If you're already a notary loan signing agent, be prepared. You're going to be busy. And if you're not a notary public loan signing agent yet, now is the time to get started. Even if it's just as a backup career or a way to earn more money, part time signing agents are needed now more than ever. Despite the chaos in the markets, this is the time to gain your foothold in the notary loan signing agent business. And I'm here to help you be prepared. Use this time to educate yourself, gain new skills and have a competitive advantage as the economy goes through. This cycle, the loan signing system signing agent training course will not only teach you how to complete a quality loan signing in under an hour, it will also teach you dozens of new ways to market your signing agent business, get more high paying loan signing jobs, and build a successful notary loan signing agent business in any economy. And of course, my training course comes with personal mentorship from me. I'll be here with you through thick and thin, educating you as we navigate this hurdle along with any others that we may face down the road. I got you. So give this video a thumbs up. Click the link below to learn more about the 5 star rated loan signing system, course and mentorship program. If history is any indicator signing agents are about to be really, really busy, click the link below and I look forward to helping you grow a successful notary signing agent.