Process of Mortgage Planning
The following questions will be the topic of our initial
discussion:
What are your housing goals and why are they important to
you?
What is the state of your cash flow right now?
What major expenses (college finance, retirement planning,
elder care needs, etc.) should we consider as we assist you
in developing a budget for the future?
What can I do to assist you?
The following topics will be addressed in the next phase of
our relationship:
What are your alternatives for housing, debt management, and
cash flow?
What mortgage products and methods, if any, might be
beneficial to you?
What influence will these mortgage choices have on your
entire financial status in the short and long term?
It’s up to you to determine which course of action is best
for you after we’ve explored your alternatives and how they
might affect your entire housing and financial position.
I’ll be available to answer any questions you may have and
to assist you in any way I can. I’ll also work with you and
other specialists including CPAs, CFP® professionals,
attorneys, Realtors, builders, insurance professionals, and
other competent advisors to coordinate the entire process.
Because your financial status is likely to alter over time,
mortgage planning is a lifelong effort. It is my
responsibility as your mortgage planner to assist you in
tracking these changes as needed and through an annual chat.
Most of the time, this procedure entails a periodic review
of:
Your cash flow requirements are subject to change.
Interest rates and housing market circumstances are also
changing.
Job shifts, college funding, retirement preparation, and
elder-care needs are all examples of family changes and life
events.
Process of Mortgage Planning
- Analyze the Client requirements.
- dentify like-skilled candidates.
- Report candidates’ profiles, their strengths and weaknesses .
- Familiarize with reporting relationships
- Engage in understanding the candidate’s interest
- Personal meetings between the client and candidate
- Reference checks, Job Offer, Placement
- Strategize on necessary actions to be taken
- Candidates screened through interviews/tests
- Negotiate the final offer and review with client