Mortgage Planners work in concert with Financial Advisors to create perpetual wealth

Most homeowners would agree we've experienced enormous equity appreciation over the past 4-5 years, leaving many baby boomers and retirees "house rich, cash poor." With health care costs rising and Social Security and Pensions insufficient to maintain their standard of living, retirees are left with few options.

Through proper education, more retirees are recognizing that the home they have lived in for so many years can now take care of them to help them live more comfortably. Let's explore the mortgage in more detail and you'll be amazed at what you discover.

Homes were meant to store families, not cash.

Many of those in the home lending business today see a mortgage different than it once was. A mortgage today has to be viewed as a financial instrument that can be woven into a client's long and short term financial plans. By structuring the loan properly, it's possible to create a debt strategy that leads to wealth creation for a client and their family over time.

Mortgage Planning Specialists, or MPSs, represent a new professional category for many mortgage lenders, one that arose as a response to legitimate criticisms of the mortgage banking industry. These specialists are trained to work in concert with a client's portfolio to ensure that consumer home finance products are in alignment with market trends, current and historic, but also the overall financial picture of the customer. The critical additive of a Mortgage Planning Specialist is the understanding of the high level of collaboration that is required between maximizing home equity while wisely managing debt in the creation of a mortgage plan.

"The critical additive of a Mortgage Planning Specialist is the understanding of the high level of collaboration that is required between maximizing home equity while wisely managing debt in the creation of a mortgage plan."

A Mortgage Planner's role is very different from the traditional loan officer. The primary goal is to help the client integrate the loan selected into the overall financial and investment plan, and help minimize tax and interest expense by improving cash flow. An additional goal is to actively manage home equity, to increase liquidity, safety, and preserve a future healthy rate of return - through structured consultations and vigilant review of educational information (similar to a financial advisor managing someone's assets, the Mortgage Planner manages the client's debt).

Too often, families, especially retirees, unexpectantly need cash when they are sick, unemployed or have insufficient income. Obtaining a home loan, under these circumstances can be either impossible or very expensive. Tapping into home equity during times of crisis can lead to serious misallocations and miscalculations that impact heavily upon the long term financial picture of families. Instead, it is often recommended that consumers work closely with financial advisors and mortgage planners to create a plan of action that takes into account larger markets and, most importantly, the long-term goals of a given client.

Ogan Financial Group, Inc. is the premier Ventura County-based financial services firm that specializes in assisting individuals, families, businesses, and institutions in the optimization and protection of their assets. Through their network of Mortgage Planning Specialists, their mission is to teach and implement the systems and strategies that deliver perpetual financial and family empowerment.

To learn more about employing these Strategic Equity strategies for Wealth Optimization as illustrated in the Missed Fortune book series by Douglas Andrew, please register for one of our free upcoming educational seminars by visiting our website at www.OganFinancialGroup.com.