Financial Planners
Welcome, Financial Planners
Read to learn how we can help you:
Here, the "affordability principle" applies. "I
can't afford it" is no longer an acceptable excuse
for delaying estate planning and beginning the
process of investing for one's retirement. Also,
during tough financial times (like being laid off),
some might cancel a monthly contribution into a
mutual fund to reduce their monthly outlay during
transition.
As a financial planning professional, you may want
to introduce your client to a mortgage professional
in order to explore a debt consolidation refinance
to keep the clients complete financial strategy
intact. In the process, you will preserve their
assets under management and commission flow.
At the time of this writing I am listening to CNBC
in the back ground and a caller just called in with
a question. "I just got laid off and I expect to
find new employment within a few months. I'm
thinking of pulling cash out of one of my retirement
accounts. Which should I pull it from, my regular
IRA or my Roth IRA?" Bill Griffith and some "expert"
immediately answered "Roth IRA." I almost jumped
through the TV screen wanting to strangle both of
them. What if the caller owned a home or a rental
property with a low LTV and could access cash
WITHOUT CREATING A TAXABLE EVENT?
Why not keep the caller's cash in his account and
hope for a fast employment rebound?
A great feature of our Mortgage Coach software
system, which we use and our financial planning
Providers love, is the Equity Repositioning report.
It enables us to show your client the tremendous
advantages of taking the money they would have used
to pay down their mortgage and invest it with a
financial planner. The buildup of equity over 30
years at a 12% return (average large cap rate of
return for past 50 years) compared to the early
pay-down of a 7% or 8% mortgage will be substantial.
We can show your client, in a very simple format,
how we can take their existing equity and eliminate
debt or provide lump sum cash to invest. You can
then show your clients that by restructuring their
equity out of their homes to pay off debt, they now
have the extra money to invest with you (don't
forget the power of a third party recommendation;
you are not telling them that this is good strategy,
we are). To see an actual Equity Repositioning
report:
We have developed long term relationships with
financial planning professionals, who have realized
the true value of this service to their clients &
themselves, and have referred their clients to us.
In return, we now ask our clients at closing if they
are currently working with a financial planning
professional; if they are not, and can use these
services, we will refer them to our financial
planning preferred Providers, thereby returning the
referral favor.
Click here to view the special form we created
for this purpose; it accompanies each and every
loan application we send out or take in person. In addition, we help develop referral
opportunities for our financial planning preferred
Providers through our
Client Retention Contact
Program. To see how our program can help grow your
business & increase your monthly income,
Click Here.
It's a win/win/win for all three of us. You are
creating business for us, we are creating business
for you and the client is building greater financial
equity.
We only team up with proven professionals with
the highest ethical standards who have demonstrated
a desire to work in their clients best interest. If
you feel you meet these standards, please
apply now to join
our elite team of Professional Providers.
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