Building Better Financial Habits, with Patrice Bobo-Miles


Episode 6:


Patrice has been engrossed in the mortgage industry for the past 23 years. She first got into the mortgage business when the broker who provided the financing for her first home purchase offered her a job. Her first role was as a loan processor, but within two years, she moved into loan origination.

 

After ten years in the business, the real estate market crashed, and the healthy income that she earned as an originator was gone. When she and her husband almost lost their home, she even considered bankruptcy to get out from underneath crippling debt. Fortunately, neither of those things happened. She now works with clients to teach responsible money management and credit. Patrice works closely with her buyers on their home purchases through her own business, P. Bobo-Miles Collective, LLC.

 

Patrice has been married for 33 years to the love of her life Mike and is blessed with two beautiful, successful, and generous children, Aaron, age 30, and Alyssa, age 24.

 

What you’ll learn about in this episode:

  • Why it is so important to put effort into your relationships
  • How Patrice and her husband made money on their very first home
  • What happened to Patrice’s income when the real estate market crashed, and what she did to replace her income
  • How Patrice got on top of her poor financial habits
  • Why Patrice is so passionate about helping others improve their financial literacy
  • Common loan solutions Patrice looks at to help people struggling to buy a home

 

Resources:

 

Additional Resources: