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Equity Managment
One on the problems we hear about in the mortgage industry is how consumers are continually sucking equity out of there homes to pay off debt.  In 2005 the average credit card debt per house hold was around $10,000.00. I have been in the mortgage industry for 7 years now and have seen the cycle of consumers refinancing every couple of years to consolidate credit card debt. The problem I believe is lack of education.
I have found that if you spend the time to work with a client and provide them with the necessary information and show them how they can increase there net worth by managing the equity in there home correctly over time, that it can really make a difference. I personally have clients that once it was shown to them in black and white how much they can accumulate in assets over a period of time by adjusting there spending habits and putting in place a comprehensive equity management plan, they have now developed a mind set of creating financial wealth versus consuming equity in there home by paying of newly acquired unnecessary credit card debt.
As a Certified Mortgage Planning Specialist it is my duty to put ... more

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