Most American's spend more time planning their vacation then they do planning their mortgage - usually their largest debt. While I'm passionate about Mortgage Planning I recognize that it isn't the most thrilling activity for most people. But when we consider the current status of the mortgage market and the huge numbers of foreclosures of home owned by people who had no idea that their mortgage would adjust or they honestly believed that their rate was 1.9%. With foreclosures at all time highs, I can't help but think what would have happened if just 5% of those borrowers who have fallen into foreclosure had sat with a mortgage planner and fully understood their loan program. Below is an outline of what mortgage planning is and how it will benefit you. The mortgage planning process is d...
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