Advice Most Lenders & Bankers Give You May Cost You 10's of Thousands of Dollars!

Rule # 1 - Ask the right questions:  Most lenders are not looking to build a relationship with you but rather to "sell you a loan".  It has been said 60% of current lenders have been in the business for less than 5 years.  That may be why over 300,000 have left the business or been laid off in the last 18 months.  Approximately 150 lenders have gone out of business.  Traditional questions people ask about rates and fees are only the tip of the loan iceberg.

Rule # 2 - You need a Trusted Advisor not a salesperson:  Most questions asked of a potential homeowner or current homeowner when they are shopping for a loan may sound reasonable but most of the time have nothing to do with the short and long term strategies that should be persued by a consumer.  What is the consumer's tax situation, their financial situation, college for the kids and retirement?

Rule # 3 - You need a loan product that is structured specifically to your financial, tax and retirment planning needs:  A great rate is wonderful.  But if you obtain the greatest rate in town but end up getting the wrong loan or it is structured incorrectly, you still lose at the end of the day.  Would you like to save 1,000 a year with a great rate, or potentially quadruple that savings each year through wise counsel concerning the structure of the "correct" loan product and implementation of some good habits and mortgage management. While professional designations do not guarantee experience nor ethical behavior, they go a long way in suggesting the lender is constantly learning and has some accountability to reputable organizations.  The premier designations available in this industry include: Registered Mortgage Advisor, Certified Liability Advisor, Certified Mortgage Planning Specialist.  Don Parsons has all three.   

At my website you can find tools available to obtain all kinds of numbers, payments, rates, etc.  Use the Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose?  You should be.  There are thousands!  That is why you need a Certified Mortgage Planning Specialist.  While calcualtors and numbers are helpful, it is expert analysis that causes those numbers to come to life as they apply to your specific financial and retirement needs.

Are you past the normal conventional loan stage and you home is paid off or you only have a small loan, but need cash flow?  Then you may need to consider the Reverse Mortgage.

Glenn Ormseth

(see more testimonies on menu bar at left under Company Info tab)