Author – David Vindiola – Certified Mortgage Planner

A Mortgage Planner is the antithesis of a Financial Planner. Where a Financial Planner focuses on your assets, a Mortgage Planner focuses on your liabilities or your debt. The two are complimentary in the creation of your wealth strategy.

Wealth Balance is the planning approach to your wealth strategy… growing forward.

Wealth today is so much more than money or success, and without a plan of action there is no way to grow or create new wealth. It is through a “balanced” approach that we as Mortgage Planners look at both your long and short term goals to build your plan for wealth creation. Additionally, we help you create your wealth management team of professionals that are integral to your success. This may include but are not limited to your insurance agent, financial planner, tax accountant, asset protection attorney or perhaps even your local bank.

Another benefit of Wealth Balance lies in the fact that most consumers have a lack of knowledge when it comes to mortgages and investing (selection, strategy, evaluation and management) at the individual level. The mortgage industry for so many years has focused on qualifying clients rather than helping them plan for their future. A mortgage is no longer just a plain vanilla thirty-year fixed rate package that works for every individual consumer. It now comes with frills and options that weren’t available years ago. Also, mortgage decisions impact other long-term and short-term financial goals; therefore, developing a strategy, whether you want plain vanilla or the frills and options, is not only good financial thinking it is just good common sense.

The sometimes hurried pace of mortgage applications does not lend itself to the thoughtful process of planning beyond the short-term goal of loan approval. This is where the Certified Mortgage Planning Specialists (CMPS®) at Monument Valley Mortgage can help you start planning for your future. We understand that your mortgage is expected to last longer than one year, and therefore is considered long-term debt. It is the long-term nature of mortgages that makes it tremendously beneficial to establish your mortgage related goals, strategies and action steps. Housing is the largest cost the average consumer has; therefore, when it comes to discussions of the best ways to minimize those costs and maximize benefits including tax strategies of homeownership, mortgage planning and Wealth Balance should be the place to start.