“National Currency Resources”, the next generation of loan officers, teach borrowers how to save for the future by best leveraging their mortgage loan
United States of America (Press Release) December 11, 2007 --
New York, NY, Dec 5, 2007-With the rise of mortgage loan programs such as Option ARMs and interest-only loans, homebuyers now have access to an assortment of mortgage programs. How to choose between one loan program and the next? While traditional loan officers only help borrowers pick loans with the lowest interest rate or monthly fee, a growing number of Professionals are expanding the loan officer’s role to ensure that borrowers’ long-term financial goals are met.
“Most home-buyers and loan officers have been conditioned to believe that a mortgage is simply a debt, rather than a useful financial tool,” explains Scott Mawson, Managing Director of National Currency Resources, LLC. a real estate finance firm based in New York City. “The problem is homeowners are not seeing the bigger financial picture and as a result are retiring over $500,000 behind where they would have, if they’d only given the entire equation more thought.”
Mortgage planning, which involves a loan officer analyzing a borrower’s mortgage options as part of an overall financial plan, is enabling homebuyers across the country to utilize their home equity to better secure their financial future.
“Conventional wisdom on home loan selection is outdated and misdirected,” explains Scott Mawson. “In many cases, traditional mortgages like 30- and 15-year fixed rate products are considered risky. One reason being, if someone opts for a 30- or 15-year fixed rate loan, thinking that it’s the best way to build equity in their home, then one day loses their job and can’t pay their mortgage, the bank won’t lend them money to pay off that loan and all of a sudden the home is at risk. National Currency Resources takes many other factors into consideration. We emply a new way of thinking about a mortgage that makes much more sense than a formula that was created almost 100 years ago.”
This concept utilizes the systems that banks and businesses use to successfully optimize their debt and investing strategies. In essence loan officers can help borrower’s better leverage and structure their debt in order to achieve the highest tax benefits, liquidity, and safety and get the highest possible return. National Currency Resources is less focused on interest rates, and more focused on the long-term effects that various mortgage programs will have on the borrower’s financial state.
“In the mortgage industry, we’re seeing great response to mortgage planning,” Scott Mawson adds. While we don’t have statistics on what percentage of borrowers going with National Currency Resources over standard loan officers, the most successful homeowners embrace the principles of mortgage planning. Borrowers are thriving as a result of this growing trend.”
“Most home-buyers and loan officers have been conditioned to believe that a mortgage is simply a debt, rather than a useful financial tool,” explains Scott Mawson, Managing Director of National Currency Resources, LLC. a real estate finance firm based in New York City. “The problem is homeowners are not seeing the bigger financial picture and as a result are retiring over $500,000 behind where they would have, if they’d only given the entire equation more thought.”
Mortgage planning, which involves a loan officer analyzing a borrower’s mortgage options as part of an overall financial plan, is enabling homebuyers across the country to utilize their home equity to better secure their financial future.
“Conventional wisdom on home loan selection is outdated and misdirected,” explains Scott Mawson. “In many cases, traditional mortgages like 30- and 15-year fixed rate products are considered risky. One reason being, if someone opts for a 30- or 15-year fixed rate loan, thinking that it’s the best way to build equity in their home, then one day loses their job and can’t pay their mortgage, the bank won’t lend them money to pay off that loan and all of a sudden the home is at risk. National Currency Resources takes many other factors into consideration. We emply a new way of thinking about a mortgage that makes much more sense than a formula that was created almost 100 years ago.”
This concept utilizes the systems that banks and businesses use to successfully optimize their debt and investing strategies. In essence loan officers can help borrower’s better leverage and structure their debt in order to achieve the highest tax benefits, liquidity, and safety and get the highest possible return. National Currency Resources is less focused on interest rates, and more focused on the long-term effects that various mortgage programs will have on the borrower’s financial state.
“In the mortgage industry, we’re seeing great response to mortgage planning,” Scott Mawson adds. While we don’t have statistics on what percentage of borrowers going with National Currency Resources over standard loan officers, the most successful homeowners embrace the principles of mortgage planning. Borrowers are thriving as a result of this growing trend.”
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