mortgage planning: The Great Mortgage Planning Contest.....Simulation #1 - 03/11/08 06:21 PM
I played allot of basketball in my life, one thing that I never got away from was practice. During practice my coaches would often simulate real game situations. As a mortgage planner, or those whom think they understand mortgage planning, it's often helpful to practice our trade, learn from others whom … (1 comments)
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mortgage planning: Mortgage Planning University is selling out!! - 01/21/08 05:51 PM
This might sound harsh, but I'm ticked off right now with one of the more talented men in our industry. I've been a member of the Strategic Equity for over two years. I attended both of their Event's in Vegas, and I've been a subscriber to Mortgage Planning Magazine. Frankly Steven … (13 comments)
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mortgage planning: Update on UFirst agents - 01/21/08 03:09 PM
Sometimes articles you write can become hot topics months after you've written them...Here is an example of one such blog I wrote some time ago. No More Spamming, it wasn't really very popular, but you can tell who's drinking the Kool-Aid, you can either go back and read the message through … (23 comments)
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mortgage planning: What the Columbia River and finances have in common......Part I - 01/02/08 04:29 PM
It's the first of the year and my wife and I were discussing where we want to go this summer with our family. I suggested a road trip down the Oregon coast. We'd start at the Columbia river and work our way down to the Redwood Forest in California, and then … (0 comments)
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mortgage planning: Suitability, something that mortgage and real estate agents better worry about! - 12/21/07 03:50 PM
What does suitability mean? If your a financial planner and you've passed your series 6 or 8 license requirements, you know that suitability can apply on many levels with each client. I was speaking to one of my neighbors who happens to be vice president of one of the largest insurance … (0 comments)
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mortgage planning: Case Study #2 MMA,Equity Harvesting vs HYBRID PLAN - 11/06/07 12:36 AM
In our last case, John and Jill Doe were meeting once again with their financial planner. They had recently looked over two plans that would help them maximize their asset's and prepare them for retirement. The MCA or Mortgage Merge Account had certain advantages that could actually put more money in … (0 comments)
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mortgage planning: Case Study #1 ....MMA vs Equity Harvesting - 11/06/07 12:20 AM
Finally I'm able to discuss one of my cases. I've have of course left out the names, so this particular borrower will go by our beloved name of John and Jane Doe. John lives in hypothetical Bacon, Alabama, and for kicks and giggles 30 years old. John and Jane talk to … (1 comments)
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mortgage planning: Suze Orman...the queen of pop financial advice... - 10/29/07 03:55 PM
Recently I was clicking through my 400 channels of DirectTV. I happened across the Suze Orman show. I've been in the financial world for some time now, so naturally I watch with a somewhat jaded eye. Normally these shows come across as a cross between pop-finance and pop-psychology. This show was … (3 comments)
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mortgage planning: Debt-snowball method...is it really the most effective way to payoff debt? - 10/29/07 01:16 PM
My partner and I have been discussing a number of seminars that we can offer our clients. We want to provide an overall financial package that includes everything, from buying your first home, to planning retirement. One problem we've noticed that throw most people off track is debt. The one basic … (1 comments)
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mortgage planning: Why you want to use the MMA strategy and NEVER pay off your mortgage..... - 10/24/07 02:38 AM
Hopefully some of you read my headline carefully. Let me repeat it once again, "why you want to use the mortgage merge account strategy and NEVER pay off your mortgage". So what if the MMA? It's actually a program or software that was developed to accelerate the payoff of an amortized … (2 comments)
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mortgage planning: How to enjoy your Golden Years...Stress Fee and with more dollars in your pocket!! - 09/21/07 05:19 PM
Then you may want to speak to a licensed mortgage loan officer that has a strong emphasis in retirement planning. Few seniors understand reverse mortgage products, and many figure they can barely survive on social security and therefore do not take advantage of higher end Medicare supplemental programs that could save … (0 comments)
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mortgage planning: Are the mortgage accelerators right on the money??? - 08/18/07 03:43 PM
In an earlier post I discussed the merit's of using a mortgage acceleration program. However I still am convinced that it's not the only option for someone who is serious about paying their home off. But recent changes in the mortgage market are making a once viable option in terms of … (3 comments)
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mortgage planning: How long will the sub-prime storm actually last????? - 08/15/07 10:43 AM
The last few weeks have been interesting to say the least. Normally I've never been an active market watcher, but due to recent problems with the mortgage industry I've been glued to my TV in the mornings. One interesting factoid this morning was a chart showing the "RESETS" for future sub-prime … (0 comments)
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mortgage planning: When will we all hit bottom! - 08/09/07 10:49 PM
If your in San Diego or Las Vegas your hoping we already hit the bottom. But the recent Alt-A collapse, and sup-prime fiasco is going to force down prices even more. Last night I was reading until 2 in the morning, and was just trying to get my mind around the … (4 comments)
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mortgage planning: Mortgage Merge Mania...is it the right program for you!! - 07/27/07 10:06 PM
Mortgage Merge Account discussion time again everyone. Yes, it sounds like the best thing to hit the market since sliced bread! Imagine paying off your home in 5-8 years without changing your current lifestyle at all!!! Or that's how it's pitched by some of the more unscrupulous MMA hucksters.
What is the … (1 comments)
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mortgage planning: Mortgage planning is quickly branching into other niches - 06/13/07 12:56 PM
I hope some of my fellow mortgage planners were able to attend the Strategic Equity Mortgage Conference in Las Vegas this past week. I know I love taking a week away from the office, immersing myself in the simple pleasure of learning and recharging the proverbial battery of desire, and I'm … (1 comments)
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mortgage planning: Aunnities and the destructive power of taxation - 01/26/07 02:48 PM
The long term goal of investing is to multiply the eggs in our basket. Most people are very focused on producing more eggs (getting a higher rate of return) but pay little attention to the fox that perpetually robs the hen house. If you ignore the fox, soon there will … (0 comments)
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mortgage planning: Annuities may be an excellent tax shelter for investments - 01/26/07 02:26 PM
Annuities are flexible insurance contracts, they are designed to provide income and help achieve long term savings goals. This has become a popular investment, last year alone, annuity sales were over $200 billion dollars.
Much like a CD is a investment offered by a bank, an annuity is a … (0 comments)
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mortgage planning: Use your Equity while you still can!! - 01/17/07 03:26 PM
(Along with my Mortgage Planning newsletter, I also send this practical advice newsletter once a quarter)
Utilize Your Equity While You Still Can
In past history the stock market has been quite volatile, real estate has proven to be a stable investment over the years. According to the US … (0 comments)
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mortgage planning: Disability Insurance not so difficult to get anymore - 12/18/06 05:11 PM
I just met with an incredibly gifted and talented young man named Travis Parry. www.nmfn.com/travisparry
We had a very good converstation about "missed equity", and how it related to our present clients. Travis also opened my mind to a quality product, "Disability Insurance", which he sells through Notherwestern Mutual Financial.
This disability insurance … (0 comments)
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mortgage planning: The new wave....will you be a part of it? - 12/16/06 01:03 AM
I've noticed that some of the real estate agents on active rain may not know to much about a new wave that is sweeping through the mortgage industry. At first glance it probably sounds counter productive. Phrases like "ripping equity", "missed fortune investing", and " Fully funded insurance investments", do not … (4 comments)
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mortgage planning: The Story Of The Rich Apple Farmer ....Part II - 12/15/06 12:40 AM
Earlier our hero, Johnny Appleseed had just learned a strategy to payoff his home in 6 years, and still keep some type of saftey net to protect his standard of living. This seemed like the perfect plan until he ran into Wise Willy. Willy happened to be a mortgage planner!
Johnny was confused … (5 comments)
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mortgage planning: The real truth about Money Merge Accounts - 11/02/06 06:17 PM
I read an interesting blog regarding these new mortgage reducing strategies, like United First Financial, the one mentioned in the blog. The reason I knew which company he was referring to was due to recent contact from some of their representatives in the past week. The strategy that this company … (12 comments)
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mortgage planning: Confessions of a mortgage loan officer - 10/26/06 11:10 AM
I've been a mortgage loan officer for 10 years, but I've been fully invested as a mortgage planner or advisor for the past year. To me the distinction is relevant, because most loan professionals (use that lightly) think little of the consequences or effects that their advice or lack of … (2 comments)
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mortgage planning: APR Reform is needed - 09/13/06 02:06 AM
As a mortgage professional, my job is to provide my clients disclosures on what the true cost of borrowing money is going to be. In other words, we are supposed to hand out government required disclosures that will tell a borrower the whole truth and nothing but the truth.
Yeah...RIGHT! The truth … (6 comments)
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