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MEAD
Mortgage Planning
An emerging profession within the mortgage industry, Mortgage Planners are both Certified Mortgage Planning Specialists (CMPS) and/or Registered Mortgage Advisors (RMA). Through extensive education in home financing, equity repositioning, and ethical business practices, we are qualified to analyze your personal situation and prepare a mortgage plan tailored to fit your needs. Along with providing the traditional services of a mortgage banker/broker, we provide long-term planning guidance and industry expertise. We help our home buyers and owners choose the right mortgage product to maximize their savings, increase their net worth, and secure their financial futures.
The 4-Step Cash Flow Priority Model The goal of this model is two-fold…to educate our clients about money and how it works and to provide a road map from which to make informed decisions about their mortgage structure. The model itself is a very conservative common-sense approach to managing cash flow priorities. We believe that by taking some time up-front to discuss on some basic financial principles we can better advise our clients on mortgage types and structures Most "typical" Loan Officers in the mortgage industry today are little more than order takers. What we mean by that is: when a consumer contacts a loan officer, the first thing a typical loan officer typically asks is "what kind of mortgage would you like". Most consumers reply with "the lowest rate and the lowest cost" because that is all they really know about loans (rate and fee). The typical loan officer then proceeds to quote a rate and perhaps faxes them a Good Faith Estimate (GFE). Many consumers might go through this process a few times with different lenders. Eventually they get frustrated, as they end-up with little more than a series of GFE's with which to decide on one lender over another; generally based on a set of criteria that has nothing to do with their long-term financial benefit or goals. Since all of our business comes from referrals, we differ in our approach. When you call us, we will want to meet with you in person and we require some information up-front before we meet. The mortgage you ultimately choose is a big decision and we feel that you deserve more than just a couple of minutes on the phone and a sheet full of numbers. That is why we insist on making an appointment in our office…we want to give this decision the time and attention it deserves. We have found that the best way to compare mortgages is to first talk about money in general and how it works. The mistake most people make when getting a loan is that they tend to take a compartmentalized approach to analyzing the mortgage. They look at the mortgage alone, as an independent piece of their overall financial picture. They tend to view the mortgage as a necessary evil, to be eliminated as soon as possible, instead of looking at it as a dynamic financial tool and using it as an integral part of their long-term financial plan. The 4-step cash flow priority system provides a guide to the direction of your monthly cash in order of priority. Simply stated: as dollar bills come into the household budget (via paychecks), what is the most effective way to allocate those dollars in order of priority to create the greatest long-term financial benefit for you and your family?
The goal of this model is two-fold…to educate our clients about money and how it works and to provide a road map from which to make informed decisions about their mortgage structure. The model itself is a very conservative common-sense approach to managing cash flow priorities. We believe that by taking some time up-front to discuss on some basic financial principles we can better advise our clients on mortgage types and structures
Most "typical" Loan Officers in the mortgage industry today are little more than order takers. What we mean by that is: when a consumer contacts a loan officer, the first thing a typical loan officer typically asks is "what kind of mortgage would you like". Most consumers reply with "the lowest rate and the lowest cost" because that is all they really know about loans (rate and fee). The typical loan officer then proceeds to quote a rate and perhaps faxes them a Good Faith Estimate (GFE). Many consumers might go through this process a few times with different lenders. Eventually they get frustrated, as they end-up with little more than a series of GFE's with which to decide on one lender over another; generally based on a set of criteria that has nothing to do with their long-term financial benefit or goals.
Since all of our business comes from referrals, we differ in our approach. When you call us, we will want to meet with you in person and we require some information up-front before we meet. The mortgage you ultimately choose is a big decision and we feel that you deserve more than just a couple of minutes on the phone and a sheet full of numbers. That is why we insist on making an appointment in our office…we want to give this decision the time and attention it deserves.
We have found that the best way to compare mortgages is to first talk about money in general and how it works. The mistake most people make when getting a loan is that they tend to take a compartmentalized approach to analyzing the mortgage. They look at the mortgage alone, as an independent piece of their overall financial picture. They tend to view the mortgage as a necessary evil, to be eliminated as soon as possible, instead of looking at it as a dynamic financial tool and using it as an integral part of their long-term financial plan.
The 4-step cash flow priority system provides a guide to the direction of your monthly cash in order of priority. Simply stated: as dollar bills come into the household budget (via paychecks), what is the most effective way to allocate those dollars in order of priority to create the greatest long-term financial benefit for you and your family?
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