Do you make money of mortgages? Are you a mortgage affiliate? If so the mortgage crunch is going to hit you hard. Today E-Loan completely removed their affiliate program. Not a reduced rate, but DONE. OUCH!
Here is what the E-Loan affiliate said:
In order to stay ahead of the current mortgage cycle and enable E-LOAN to maintain its leadership position in the industry, E-LOAN will begin scaling back some operations/programs to reduce its cost structure and unfortunately removing our affiliate program is one of them.
This is why I always recommend diversifying. If you depend on internet money make sure you don’t have all your eggs in one basket.
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Diversifying is always a good idea when dealing with finances….great article!
Thanks Loan Advisor!