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Whether
this is your first home or you have purchased several others, buying
a home requires careful planning. Investing in a home is one of
the biggest financial decisions you will ever make for your future.
Today,
tomorrow, or even if you are considering a home purchase in the
next 24 months, we need to invest 45 minutes of quality time to
predetermine your housing and mortgage needs.
An
outline has been prepared to summarize the issues we will discuss
at our consultation meeting. Every homebuyer has different financial
circumstances and objectives. Custom tailoring your loan program
is one of the most important steps toward building your financial
foundation.
The
thousands of clients we have assisted in the past have found that
our consultations before and after the loan closing have been instrumental
in their preparation for financial independence.
CHERRY CREEK MORTGAGE COMPANY
Home
Loan Consultants
800-325-2062
Outline for Your Consultation
Because
I am helping you create the largest debt of your life, I feel it
is my responsibility to help you choose the right mortgage program
for your personal situation and then to help you manage that debt
over time.
Together
we will:
- Discuss
the importance you place on each aspect of your mortgage.
A) Monthly payment
B) Equity position
C) Interest rate/points/closing costs
- Review the
available mortgage products in the marketplace. We will identify
the mortgage that best suits your individual needs and long- and
short-term financial goals.
- Address:
A) How can I comfortably fit my new mortgage payments into my
budget?
B) What size down payment, if any, fits into my overall financial
goals?
C) Should I retain more cash at closing?
- If you are
putting less than 20% down, discuss the pros and cons of PMI (Private
Mortgage Insurance). We have several innovative strategies to
save you money that many lenders won't tell you about.
- Review your
credit report and address any issues that may affect your choice
of mortgage program.
- Analyze the
tax ramifications of homeownership as it relates to your specific
situation.
- Show you
how to effectively prepay your mortgage - shortening the term
by several years while staying within your budget and saving thousands
of dollars by managing your equity investment.
- Do an assessment
of the aspects of your current financial situation that may impact
or be impacted by the most important financial decision you are
about to make.
A) Long-term savings program (IRA and 401(k) plans)
B) Liquidity in checking/savings accounts and CDs
C) Monthly savings pattern
D) Debt structure
- Discuss the
current interest rate environment and how you can use it to your
best financial advantage.
- Explore how
my ANNUAL MORTGAGE FITNESS REVIEW, my NO COST REFINANCE PROGRAM
and my on-going WEALTH-BUILDING TIP PROGRAM can significantly
impact your financial well-being in the years ahead.
At
the conclusion of this meeting, you will have begun the process
necessary
to obtain full loan approval for your maximum purchasing power.
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