| Our Consultative Approach
At Family Mortgage we realize that purchasing a home is likely the most important financial decision you will ever make. Because of this, it is important that you give shopping for a mortgage the attention it deserves. In order for us to do our job correctly, we need to explore your financial goals and objectives and your anticipated future needs.
This will allow us to present options that have the best chance of utilizing your mortgage to create future wealth for you and your family. Let’s take a simple example: A couple in their mid-forties has just sold their home and has a new house under contract to purchase. They walked away with $150,000 from the sale of their home and they are buying a house for $350,000. They want to take the $150,000 and use it for a down payment on the new house. Does this make the most sense?
Let’s assume for a second that they have saved very little for retirement and that bothers them. They both have 401K’s at work and one contributes but the other doesn’t. In our example, as long as they put down 20% for a down payment they will not have to pay mortgage insurance. So maybe they only put down 20% ($350,000 x 20% = $70,000) and use the remaining $80,000 to beef up their retirement savings (max out their 401K’s for the year).
We might recommend an interest-only mortgage for 10 years which would save them $350 per month that would be freed up to invest in their 401K’s going forward. So structure, risk tolerance and your current and future plans all should be taken into account when talking to your mortgage consultant.
Let us help you make the very best decision.
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| Family Mortgage is a team of professionals dedicated to insuring that your loan is not just a transaction. To us it is a lifetime relationship developed around three distinct concepts; 1) investigating your hopes and dreams and insuring that we use the mortgage to maximize and leverage opportunities to realize those goals, 2) delivering a simplified loan process that communicates the loan status every step of the way and 3) insuring that we deliver value on a monthly basis after your loan closes, including but not limited to, annual financial checkups, monthly newsettes with valuable tips and tricks and constantly monitoring your loan to seize opportunities to save you money on a monthly basis. |
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“After reviewing several quotes from lenders off the internet, Family Mortgage had the best combination of rate and closing costs. But much to our surprise, not only did I get the best deal but with Family Mortgage, exceptional service as well!” Steve and Amy Kasing
"I have only great things to say about how you all do business. You really made it so easy for me, and didn’t make me feel like I didn’t know what I was doing, (which I didn’t, I learned a lot)! Thank you!" Amber Ludwig
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