| "Mortgage Planners", are now the next generation of | | | | having widespread changes compelled by the |
| loan officers. A Mortgage Planner will educate and | | | | increasing demand for mortgage planning, and |
| teach borrowers how to save for their future by best | | | | homebuyers being the leading recipients. An |
| utilizing their mortgage. | | | | experienced mortgage planner is a loan officer who |
| With the explosion of mortgage loan programs such | | | | analyzes a borrower's mortgage choices to achieve |
| as short-term fixed variable rate mortgages and | | | | an overall financial goal. |
| interest-only mortgage loans, homeowners and buyers | | | | It is needed too since conventional knowledge on |
| now have available many mortgage programs to | | | | mortgage loan choices is based on formulas from |
| select from. | | | | over 100 years ago. Mortgage planning takes many |
| How to pick between one loan program and the | | | | scenarios into consideration like people who get long |
| other? While conventional loan officers customarily | | | | term fixed rate financing and suddenly lose their job |
| only assist borrower's to select loans with the lowest | | | | and can't pay their mortgage due to being unemployed. |
| interest rate or monthly payment, an increasing number | | | | Mortgage planning evaluates many other chance |
| of Mortgage Planners are expanding the loan officer's | | | | happenings for consideration and is a new way of |
| job to actively look out for the borrower's long-term | | | | securing a mortgage that's right for an individual. |
| financial objectives are met. | | | | Mortgage Planning simply involves the low risk |
| "It's suffice to say that most home-owners and buyers | | | | procedures that banks and commercial companies use |
| as well as loan agents have been programmed to | | | | to properly set up and structure their debt and |
| accept that a mortgage is merely a debt, versus it | | | | investing strategies. With mortgage planning, loan |
| being a useful financial tool,". A mortgage can be used | | | | agents can help borrowers leverage and enhance their |
| as a means to help shape the financial well-being and | | | | debt in order to get the best tax advantages, monthly |
| wealth of borrowers who are retiring down the road. | | | | liquidity, and yield the highest possible return on their |
| Many borrowers end up much poorer without any | | | | dollar. |
| planning. How much poorer? It is usually $500,000 less | | | | By using a mortgage planner, borrowers are being |
| and it can still be achieved, if you are strongly | | | | rewarded handsomely for the loan officer's long term |
| considering a mortgage for purchasing a home. | | | | financial advice and expertise in the industry. |
| Fortunately for homebuyers, the mortgage industry is | | | | |