Tag Archive | "debt"

Blog, Financial Safety, Mortgage, Refinancing, Wealth Building

Don’t be like that guy!17 Feb

WARNING: This a graphic story of the financial destruction of an otherwise financially successful man. Here’s a secret for you – your credit score will go down every time you do something that people did previously just prior to defaulting on their debts.  The credit scoring model is trying to predict the likelihood of you going [...]
Blog, Financial Safety

Credit Cards’ Ugly History04 Feb

Credit Card interest can eat your financial lunch, if you let it.  The average interest rate on credit cards over 12%, and there is almost $1 Trillion in outstanding credit card balances. Some quick math yields over $120 Billion spent annually on credit card interest.  Since Interest on Credit Cards are not tax deductible, Americans have [...]
Blog, Financial Safety

A Real Life Story11 Sep

I’m not a big fan of emotional stories, but the ‘real life’ videos from LifeHappens.org are worth watching.  My belief is that life insurance is an important piece of a mortgage plan.  In my priority system, after you build a small emergency fund, pay off any non-productive debt such as credit cards and car loans, [...]

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
704-541-1171 Office
866-835-7153 Fax
Tom@StartWithTheHouse.com

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