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Home Buyer Consultation
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 many clients I 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.
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.
- Monthly payment
- Equity position
- 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:
- How can I comfortably fit my new mortgage payments into my budget?
- What size down payment, if any, fits into my overall financial goals?
- 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.
- Long-term savings program (IRA and 401(k) plans)
- Liquidity in checking/savings accounts and CDs
- Monthly savings pattern
- 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.
Cherry Creek Mortgage
4301 Hacienda Dr. Ste. 120
Pleasanton, CA. 94588
Phone 800-325-2062
Fax 925-520-0231
