Mortgage Planning Goals
Mortgage Rates Are Important!
When shopping for mortgage rates however, the most important consideration should be the lowest mortgage rate on the right mortgage loan. This will create the Best Mortgage Loan!
Today more than ever, the mortgage loan is a critical component of your overall financial plan. Optimizing your cash flow and savings require smart decisions in terms of Debt Strategy and Equity Management.
Financial Priorities
Your plans need to be organized into these four major goals:
- Emergency Cash
- Significant Liquidity
- Debt-freedom (on your personal financial statement)
- Sufficient Wealth for Retirement.
Making these decisions require analyzing your current situation and setting your future financial goals.
- What is your timeline? For owing your home (how long have you typically lived at an address); for job changes, career changes, marriage, family…and retirement?
- What is your income trend? Is your income increasing, level, or decreasing- and is this a long term trend?
- What is your financial attitude? Are you conservative, moderate or aggressive?
The appropriate program matches your profile and may mean an adjustable rate mortgage is better thean a fixed; or vice versa- even though the latest news says one thing or another.
