Failure to measure advice when shopping for the best price can lead to a greater loss than just higher interest expense or fees.
Did you need to re-read the above statement? I did, and I just wrote it!
My point is simply this, for most mortgage shoppers, there SOLE criteria on deciding who will do their next mortgage for them is based on price.
While this may be fine for gas, any thing you can buy on eBay, and diapers (Costco vs Walmart - hey, I have two kids under 3 right now!), this is not the best route to go down when selecting who will help you secure your next mortgage.
After all, we are talking about - for most people - the instrument which is:
- the largest monthly expense
- tied to your largest asset (your home)
- and will take you decades to pay off
Given that, unless you're a financial guru who either has too much time on his hands to play in Excel making spreadsheets to not only compare closing costs, interest rates and monthly payments but also a Total Cost Analysis (TCA) which factors in all of the above into a single number per loan option over a set time frame but also factors in such things as a loan's Freedom Point, whether to place available down payment money into the mortgage & get a lower rate or conservatively invest that sum & compare the difference between the amortized interest expense versus potential compounding interest gained!
Yep, that paragraph above IS one sentence... and I didn't even finish my opening thought!
So unless you're that guy or the mathematical who can churn all those numbers in his head while brushing his teeth - wouldn't it make sense to enlist the help of an experienced professional who can not only do the above (with the help of my trusted - and expensive - software! tried using the spreadsheets for TOO long), but also guide you towards selecting the optimal loan program based on your needs, goals, time horizons, and risk tolerance?
I don't blame you if all you've ever done is shop based strictly on price. Most loan professionals have offered up little more for you to chew on - other than perhaps "l"ll close your loan real fast without any hiccups!"
Far too few loan officers invest in their trade and as a result their lack of further in depth education leads to poor advice or none at all leaving homeowners across America with no real plan of how to best manage their largest liability and little hope of ever paying off their mortgage.
I have heavily invested in my practice to equip myself with the knowledge and tools to help you properly structure and manage your mortgage for life! (and pay it off before the end of yours!)
Lastly, please don't skip the next page "How will my loan options be presented to me?" as it will give you some insight as to what visual aids you can expect to see during and after our Mortgage Planning Consultation (which can be done in person or online!)