Mark J asked:


A mortgage consultant is an independent agent, an intermediary between you the consumer and the mortgage lender. The mortgage consultant will shop the available lenders to find the mortgage product that offers the best combination of features, options and rates to suit your individual circumstances. The best part – depending on your credit picture – there is no charge to the consumer for the service. The mortgage consultant’s fee is normally paid by the lender.

A Mortgage Consultant put together transactions between lenders and borrowers. They have Access to many different lenders, but don’t work for them as they work for the customers. New York Mortgage Home Loan independently advises and constructs the best mortgage plan, which usually costs the customer less than if they directly go to the lender themselves.

With the New York Mortgage Home Loan the customer can get the best of both worlds – access to big bank cost of money with lower overhead and better service.

The New York Mortgage Home Loan works hard, honestly, and intelligently. They are loyal to the customer as they share the conviction that the customer should be treated as a person, not a loan number. The customer should have the same contact person, from start to finish during the entire transaction. This one-person contact is available 24 hours a day/7 days a week.

New York Mortgage Home Loan believe in being very accurate with quotes regarding interest rates and estimated closing costs – and, we take this belief one step further – we attend settlement with every one of our customers to make sure what we quoted in the beginning is what shows up at the end from the lender.

New York Mortgage Home Loan also believes it is important for the customers to understand the issues which impact the decisions that only they can make. New York Mortgage Home Loan takes the time to provide the necessary information because only a well-informed customer can make the best decisions.

New York Mortgage Home Loan understands those concepts that often aren’t understood by most mortgage originators – property tax & hazard insurance escrow accounts, investor reporting, collection activities, foreclosure law, and most importantly, the understanding of the legal instruments which all borrowers must sign at closing.

New York Mortgage Home Loan believes in honesty, hard work, and attention to every detail related to the customer and mortgage. They provide accurate Rate Quotes. The Mortgage-related closing costs at settlement are exactly same as initially quoted. New York Mortgage Home Loan ensures professional & confidential interaction with clients.

A Mortgage Consultant is useful for any of the customers as with the fluctuation in interest rates of land; homeowners have become more aggressive in seeking out the best possible terms from a lender. The appeal of a mortgage consultant lies in the opportunity for you to effectively search a large segment of the mortgage industry for the optimum terms, rather than negotiate personally with only one or a few lenders.

A mortgage consultant can also be an independent source of information and an unbiased help in wading through the myriad of options available in the mortgage industry today.



JOSEF

Gregory van Duyse asked:


Who would not want to:

• Pay down their home loan more quickly – taux hypothécaire

• Reduce taxes and

• Save more for retirement

There is a home loan strategy called “the Smith Maneuver” that helps you achieve all of these goals, all at the same time – taux hypothécaire.

This kind of mortgage strategy is named for its inventor, Fraser Smith. Mr. Smith is a financial planner in British Colombia who invented this interesting strategy a few years ago. I was fortunate enough to be one of three brokers from Quebec to meet Mr. Smith when he spoke on this concept in Toronto.

This strategy, formed for a mortgage product that can expressly use it, permits the mortgage holder to make an investment or pay business expenses and, over time, get a tax benefit from the related interest expenses. There are a number of ways in which it can work, but if it is approached in the right manner, you can limit your risk while increasing how efficiently the strategy works for you. There are many parts to this strategy, so it is recommended that you phone and discuss your individual circumstances and how they can be taken into consideration using this strategy. We work with financial planners who can analyze your financial needs and put the right package together for you – taux hypothécaire.

Advantages

• Pay down your mortgage faster

• Reap tax benefits

• Increase funds for retirement

• Best for high income people

• Best for self-employed, but can be utilized for salaried employees as well

• Has been approved by tax lawyers, accountants and financial planners

• You can begin the strategy any time, but the sooner the better

• It can be set up on an automated program

• There are no additional fees required

Disadvantages

• Should be used by homeowners who have a mortgage which is 75% of the home value

• The borrower should be in a position to increase his payments by 2% per year

• For salaried people, the investment component must be used, so the usual risks associated with the investment has to be taken into account

• The strategy functions best when it is used over the longest term possible, at least ten to fifteen years, in order to reduce the investment risk as much as possible

• You should have a good understanding of investment principles, or you should solicit the help of a financial planner to help you with this understanding

When to use this strategy for the long term

This strategy can be used in many situations, for all kinds of properties, and for every status of employment. The more you pay in taxes, the better this strategy will work. This strategy can be combined with other strategies according to individual requirements (taux hypothécaire).

Conclusion:

Fraser Smith developed a strategy that helps us respond to three important questions:

- How can I pay down my mortgage more quickly? – taux hypothécaire

- How can I reduce my taxes?

- How can I save more money for retirement?

This is a wonderful development, but there are many was the Smith Maneuver can be used, differing from case to case. You should contact us and learnthe way that would work best for you.



MITCHELL