At first glance it appears the Government is trying to help ease the foreclosure issue but when looking at the actual plan, no one or the vast majority of people, don’t qualify for the help.  Did you know that if you don’t prove you need help with your ARM by providing a need based calculation for the future and you are currently not in need, you will not get help.

 I have looked through many of my clients in my mortgage planning system and non of them would qualify.  I have spoke to many people afraid of loosing their homes and none of them qualify.  What is the solution?  I believe that a risk based pricing model can work but the risk need to be assed differently.  Instead of charging clients a higher rate for risk they need to be working with a Mortgage Professional that can provide future solutions.  Instead of continuing the band-aid approach that many mortgage brokers used as well as mortgage lenders and now the Federal Government, we should use a planning approach to protect the future of home ownership.

A minor factor in the mortgage is the interest rate, the major factor is the homeowner’s ability to build assets both in equity and through proper budgeting and savings.

I could go on and on, but I won’t…

Ron Yarbrough - Kansas City Mortgage Expert
CMPS- Certified Mortgage Planning Specialist
http://www.RonYarbrough.com

I don’t think Real Estate sales are gone.  For those people that have been saving money, this is the best opportunity in a lifetime.  Cash is now and always has been king.  Now is the perfect time to buy low.  In a few years you can sell high.  If you are working with a mortgage planner, you can learn how to invest in Real Estate the best way to maximize your tax effenciencies and build a retirement portfolio.  Diversification is the best way to save for retirement.

Ron Yarbrough
Ron Yarbrough, Kansas City Mortgage Lender
913-747-3234