GPN Analysis
When was the last time a Mortgage Broker or Banker inquired about your long-term financial objectives not pertaining to your mortgage? Most brokers do not ask about financial goals, because their only goal is the loan transaction and the commission that accompanies it. This is the reason FDF Mortgage & Investing was created – to fulfill a need that is often neglected. For most people, a mortgage is the single largest monthly payment. Yet, the majority of people do not include their mortgage in their financial planning, nor do they properly capitalize on the opportunities it may grant them. FDF will show you how to use a mortgage to obtain your dream house, and, more importantly how to use it to obtain financial security.
All brokers will ask for your income, debt, and social security number, but, we first identify and align with your Goals, Problems, and Needs (GPN). We view real estate financing as not just a transaction for today, but as your investment vehicle for tomorrow. In order to achieve this, we have developed a customized GPN Analysis which is a dedicated report based on you and your financial outlook.
Goals
What age do you want to retire?
David and Kathy are 35 and have a combined income of $80,000. They are pre-approved on their dream house that is selling for $200,000. ABC Bank quoted a 30-yr fixed mortgage at a great rate. At Age 65, when they want to retire, they would own their house after paying over $455,000 to ABC Bank.
After completing FDF’s GPN Analysis, David and Kathy discovered ABC Bank’s “great rate” would deliver money to the bank and not their own retirement account. Working with FDF Mortgage and Investing, David & Kathy were able to employ a strategy that enabled their money to not only satisfy the loan (the house paid off by age 55), but more importantly secure their retirement needs ($1,000,000 in retirement funds).
What is your strategy for wealth accumulation?
Bob and his wife Pam both contribute to a 401(k) and an IRA and have lived in their home for 10 years. Both the 401(k) and an IRA will be taxed upon withdrawal after age 591/2.
Upon reviewing Bob and Pam’s GPN analysis, FDF showed them how to utilize their current home to create an investment vehicle that not only allowed for wealth accumulation, but also provided tax advantages. They were able to offset their tax liability from other investments, as well as create a way to transfer funds to heirs tax-free.
What type of funds will be necessary for your children’s education?
Steve and Lori have three children under the age of seven. They have simply outgrown their house and need to move to a larger home. They have worked very hard to save $40,000 over the past ten years, but realize with today’s college costs they may not be able to afford to move.
FDF’s GPN analysis tool discovered they could leverage their hard-earned money to serve both needs. With FDF’s guidance, Steve and Lori acquired their dream home and were able to start a tax advantaged education fund that will yield over $100,000 with no additional out of pocket expense.
Problems
Do you have limited cash flow?
We all have expenses that arise periodically and can potentially sidetrack us. At FDF, we have a Cash Flow Management System that enables you to cohesively merge long-term financial goals with fixed monthly costs. This allows you to maintain your financial focus while still enjoying some carefree spending.
Do you have inconsistent credit history?
Building or re-building a credit report is not a quick-fix situation; it takes time and effort to properly establish good credit. Don't pay for the services of credit repair agencies or other unscrupulous organizations promising a quick-fix. FDF can guide you through a comprehensive plan that will enable you to establish credit while we monitor your progress, all for free — whether you obtain a mortgage or not.
Do you have constraints on your time?
The typical Mortgage Broker will solicit your business and then ask that you supply them with an overabundance of documents. This same Mortgage Broker then prides himself on delivering loans, while at FDF; we pride ourselves on delivering VALUE. We are the Mortgage Brokers so why should YOU be doing the work to obtain the mortgage? At FDF, we have a dedicated staff that secures the appropriate documentation needed for a mortgage, allowing you to focus on your job, your family, or anything else you would like.
Needs
Need financial security?
Gone are the days of relying on company pensions for a secure retirement. We no longer keep the same job for 20-30 years. Our life expectancy is higher than ever, health costs are skyrocketing, pensions are shrinking, and Social Security is on the brink of collapse. With all of this uncertainty, FDF takes a revolutionary approach to mortgage financing. Your home is meant to shelter your family, not your finances. Our proven system provides two things: home ownership and a tool to create wealth.
Need liquidity?
If you suddenly experienced difficult financial times or if that once in a lifetime vacation came along what would you do? Would you use credit cards and dig a hole of debt? The FDF home investment strategy assists you in generating investments with a high rate of return, yet are accessible to you (without penalty) when needed.
Need growth?
We all work to earn money, but there is nothing better than having our money work for us. Creating passive income (money that you are not actively working for), is the key to financial freedom. FDF’s goal is to not only get you a low-cost mortgage, but to help you obtain financial independence through real growth – growth that is tax-deferred and not labor-intensive.