The year was 2008 and the financial market was in shambles. Following the peak of the housing market in and around 2005, the years 2008 through 2012 or so provided significant peril, both for those looking to buy a home and those wanting to finance the purchase of a home.
Here a few facts to help folks understand just how dramatic of a downturn 2008 brought:
1 — At the end of 2010, 23.1 percent of all homeowners with a mortgage (in the United States) owed more on their homes than their homes were worth
2 — At the middle of 2011, At least 8 million Americans were at least one month behind on their mortgage payments.
3 — In that same time window, it was estimated that there were about 5 million homeowners in the United States that were at least two months behind on their mortgages.
4 — At the end of 2010, approximately 11 percent of all homes in the United States were empty.
5 — Home prices in the United States declined by 5.7 percent between January 2010 and January 2011.
6 — In 2010, 2.87 million U.S. households received a foreclosure filing (a record for as long as that statistic has been kept).
7 — In 1996, 89 percent of Americans believed that it was better to own a home than to rent one. By 2012, that number had fallen to 63 percent.
Needless to say, the mortgage industry was struggling to see a path forward in the short term. New restrictions put in place by federal law made getting a loan significantly more difficult for the average buyer, and the motivation for many to even enter into the process faded.
But Greg DeLine saw a different landscape — an opportunity to use his decades of experience helping low-income individuals find homes to forge a path ahead.
And Total Lending Concepts was born.
Greg’s vision for his entrance into the traditional mortgage industry was simple — to provide superior customer service and be the company that would go the extra mile to make even the most difficult loan situations possible.
And that is exactly what they have done.
From TLCLender.com — Total Lending Concepts is a hometown mortgage lender. We offer home loans to fit every situation — whether you are a first time home buyer searching for your first home or ready to buy that dream home you’ve had your eye on. Total Lending Concepts offers a wide variety of loan options — conventional, VA, USDA, FHA as well as other options to fit your needs. We can’t wait to show you what getting a “home loan with a little TLC” feels like!
The “TLC” moniker is more than just the acronym for the company name — it truly is a nod to providing a fun, safe experience within an industry known for frustration and disappointment. Since its inception, Total Lending Concepts has expanded to more than a dozen states and more than 50 loan officers. In a show of the company’s continued growth, revenues have doubled each of the last two years with no sign of slowing down.
Columbia, MO is one of Total Lending Concept’s strongest locations, with two branches in Mid-Missouri. The first branch is located at 219 E Broadway with longtime mortgage veteran Ross Kulik leading the way.
The Broadway Group, TLC’s newest Columbia, MO branch is led by Marcus Jones, a community staple in the youth sports and philanthropic community. Marcus has thoroughly enjoyed his experience working with Total Lending Concepts and Greg DeLine.
“I love this community and have loved giving back in a number of different ways. Greg (DeLine) and I share the vision of being successful in business, and using the platform we have to make the world better for those around us. Every day is a new adventure with Greg and The Broadway Group, but I wouldn’t have it any other way.”
Total Lending Concepts and Greg DeLine are continuing their growth and support of home ownership in Missouri and around the country. With the inevitable ups and downs of the mortgage industry, it’s always good to have a true partner to walk you through the mortgage process and that is exactly what Greg DeLine and Total Lending Concepts want to be.