Tag Archive | "Closing cost"

Blog, Financial Safety, Home Buying, Mortgage

You should get Your Mortgage First01 Oct

 When someone is thinking up buying a house, they rarely, if ever, wake up one day with the dream of getting a mortgage.  The dream is to own a home. So people start looking for a home first, and that is where the problems usually begin Here are the top 5 reasons to get your mortgage first: [...]
Blog, Mortgage, Refinancing

How long will it take to recoup your closing costs.26 Jul

I read an article in the paper this week from a home finance ‘expert’.  She closed with the comment, “be sure your refinancing costs can be covered in about six months”.  Great, meaningless, advice.  Where does the ’six months’ rule of thumb come from? (Hint: thin air.)  If you are going to move in six months, [...]

About

My first profession was an F-16 pilot with the United States Air Force followed by short stint as a commercial airline pilot with US Airways.  As a pilot, I honed my ability to stay focused on “the mission” while adjusting to unplanned circumstances like bad weather, equipment problems, and even enemy aircraft.  This ability serves me well as a Certified Mortgage Planning Specialist (CMPS).

Speaking as a former airline pilot, a long flight resembles a mortgage: you should start with a destination in mind, a plan for how to arrive there, and adjust your course along the way.  With a mortgage, the destination is paying off the loan and living in the right home.  You make course corrections by paying extra on the mortgage, using a home equity line or refinancing.

In a long flight, however, missing one simple thing at the beginning, like checking the oil level in the engines, or setting the heading wrong by even just one degree, could have disastrous consequences later on. Same with a mortgage.

I had big ambitions when I started my mortgage company (and still have them). I envisioned a company that would help homebuyers develop an integrated mortgage strategy that would lead to financial clarity, and a plan that would help them increase their financial security, minimize their tax obligations, and increase their net worth over time.

Read more about Tom Tousignant . . .

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Tom Tousignant, CMPS
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