Today is a travel day. We’re headed to West Helena Arkansas. I am not sure why I chose West Helena in Arkansas when we really just wanted to go to Memphis for the Memphis River Cruise. I booked the river cruise a week ago.
It was a very destitute town with boarded up homes and duct-taped cars. The State Park where we stayed was brand new and very beautiful, but it was EMPTY. There was only 2 other sites and they saw our Ontario Plates and wondered what made us come to St Helena, as I wondered myself.
It was strategically located an hour from Memphis where were had booked to take the Memphis River Cruise on the Mississippi. People had warned us about Memphis, but I didn’t realize certain places in Arkansas was also pretty sketchy. I would recommend next time that we stay close to down town in Memphis. For example Shelby Farms is a public park located in Shelby County, Tennessee, United States, just east of the city of Memphis. It is one of the largest urban parks in the US and the world, at a size of 4,500 acres and covers more than five times the area of Central Park in New York City with 843 acres offers canoes and kayaks, too. We would have Headed to this Memphis gem to glide canoes or kayaks across the beautiful Pine Lake.
When we were getting ready to hitch the Fifth Wheel. There were Mallards crossing the road and across the road was an RV Trailer called MALLARD! The great thing is that I knew exactly what a mallard looked like is amazing in itself. However, it does have very distinct features and they’re a common species of ducks in North America.
I think it was an amazing coincidence and incredible that I was right there to take this picture!
I made some amazing dishes using the spices and cheese we bought in Gatlinburg, Tennessee
We stopped at a truck stop for a bite to eat and a truck parked right beside us with only a few inches to spare… I have a new respect for truckers since we started traveling in an RV.
Let me explain private mortgages. As a mortgage broker, I am responsible for both the borrower and the lender. I have both sides interest at stake. I need to make sure my lender gets his/her hard earned money back and I need to make sure the borrower gets out of the mortgage into a better rate.
Before a Lender gives out a whack of his/her cash as a second mortgage, I have to make sure that he has enough cash to pay-off the first mortgage. Why you ask? So that, if the borrower defaults he can pay-off the first mortgage and keep the home. If he doesn’t have enough net worth to pay-off the first mortgage most likely the first mortgage bank will take over the home and sell it.
How do I protect the borrower? Well, I make sure there is an EXIT PLAN. If the borrower needs cash because he wants to consolidate debts, it will increase his credit scores, increase his cash flow as there is no more monthly minimum payments and in due course he can refinance and pay-off the second mortgage.
I will have more examples of an actual situation/scenario that has happened to me in my next blog.
Now off to Memphis for the famous River Cruise tomorrow!
