Posted by Southwest Beverages on 5/28/2016
“What a beautiful house, Rick,” my wife stated to me moments
after we left the four bedroom two and one-half bath colonial model home being
offered by Jason Brothers in Wilton, Connecticut. “I want you to make the
numbers work, Rick,” she added, after she had taken a sip of the iced chocolate
cinnamon hot chocolate the sales representative had given us when we left
referring to me applying my financial skills to our family’s financial
condition that would quality us for the house.
“I know we have the down payment, so that piece of qualifying
is a certainty,” I stated to Janet as I clicked the car door opener moments
after I had taken a sip of my iced chocolate cinnamon hot chocolate.
“So what’s your concern?”
“Our debt ratio is about four points higher than the bank’s qualifying
percentage.”
“Is that something major that might prevent us from getting
the house?” I asked. “You know, Rick, you are always telling me you’re the “leverage
king” so I’m counting on you to work your “magic” and made the numbers work,” I
added, looking him squarely in the eye as I raised my container of iced
chocolate cinnamon hot chocolate to take another sip.
“Not to worry, Janet, I think I already have the solution.”
“What’s that?”
“Since we’ll have extra cash after our down payment and
closing costs, I’ll tell the bank we’ll pay off $12, 500 in credit card debt
prior to closing and that should put us about one point under the banks
qualifying ratio.”
“Your savoring every minute of this mortgage financing
process, Rick, and your loving it.”
“Not really, Janet, but I’ll tell you what I am savoring.”
“What’s that?”
“This Sippity iced chocolate cinnamon hot chocolate. It is
absolutely delicious.”
Written by Bob Jenkins, Founder & Chief Executive Officer of
Southwest Beverages Bob has had the privilege of working for some of America's largest
and well run public and private companies, including Philip Morris, Canada Dry, Dr
Pepper, Cadbury Schweppes, Snapple Beverage Corporation, Tasker Capital Corp. and
The Water Club and River Cafe - two of New York's finest fine dining restaurants. He
has worked in various capacities as Finance Manager, Controller, Director of Finance,
Vice President Finance & Administration, Chief Financial Officer, Secretary, and
Treasurer.
Bob holds a Masters of Business
Administration degree in accounting from the University of Tennessee and a Bachelor of
Science degree in accounting from the University of Arizona.
Southwest Beverages is a manufacturer and marketer of two
brands of premium quality dry mix beverages: Sippity hot-cocoa mix and Kemosabe gourmet flavored coffee. All Southwest Beverages products are
uniquely blended flavors that contain all the ingredients necessary for you to enjoy the
ultimate hot beverage experience. Simply add water and stir-then sip, savor and
enjoy.
For more information, please visit www.southwestbeverages.com.
Sippity, Sippity Lite, Kemosabe, Kemosabe Lite, Southwest Beverages, It's A DRY Mix and Comfort In A Cup are each registered trademarks of Southwest Beverages.
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