At Insider Mortgage Corp.
“The Big Picture” is your “Insider” View
The concept of "insider information" is essential to understanding our philosophy.
Unlike Wall Street’s, “insider trading” which is unfair and illegal, insider information is something highly desirable when we’re not doing something illegal with the information. It’s common knowledge that those on the “inside” get opportunities and an understanding that those on the “outside” typically aren’t privy to. As a “member” of the Insider family you’ll get access to investment opportunities and have insider information that the big players get . . . and you don’t need millions of dollars in order to play with the big boys.
What else is contained in our name? Well, of course there’s that little play on words – our founder is David Sider.
While the words “Big Picture” are often used in daily conversation, the Big Picture is an invaluable tool that few people fully utilize. There are Big Pictures to every facet of existence including the universal “Big Pictures” that make up all of our lives, such as our. . .
• Health & Personal Growth
• Family & Friends & Communication (Relationships)
• Spiritual Connection
• Financial Activity
The ability to step back and look at life’s issues more objectively, or to look at everything as a whole is essential if you want to plot a course of action and reach an intended goal. Operating from shortsighted points of view will yield shortsighted results. That’s why the professionals at Insider Mortgage Corp. and our affiliated business partners, focus on your FINANCIAL Big Picture.
Our mortgage planners do far more than what the industry’s typical loan officers do. Consider the following: In order for any loan officer to get you a loan, they need to inquire about all your confidential financial information, including your past and present income, assets, debts, spending patterns and credit rating. That’s the basic minimum – “Mortgage 101” if you will. It’s this that is required to complete any loan application. The question is, what would a true professional do to ensure that they proposed the best possible loan program for you? A thoroughly skilled loan officer would also find out about your:
- Potential future income (short and long term)
- Current money management strategies (what do you do with your cash)
- Use of Tax deductions (the mortgage deduction is just one of many pieces of this puzzle)
- Family plans – how many people will this home be for and how long will you stay
- Vesting – if you have a family, is the house being titled in your living trust. What, you don’t have a trust?
- Risk tolerance levels for investing and retirement planning
The reality is that there are very few loan officers out there that ever ask any questions like these, and for that matter, are unable to see the long term big picture so they don’t even know to ask.
We feel that what separates a typical loan officer from a professional mortgage planner is the level of understanding in each of the following areas (as well as having the willingness and ability to refer you to the proper professionals for each topic):
1) Purchase Loan Strategies – assuming it’s an option, should you put a lot of money down or should you finance all or most of the purchase price? Does it matter if it’s a buyer’s market or a seller’s market? What is the difference between getting Pre-Qualified versus Pre-Approved?
2) Debt Management and the concept of Blended Rates
3) Estate Planning and issues like who needs a living trust and why. What about business continuation strategies for business owners?
4) Real Estate Investment financial strategies – Residential and Commercial real estate investments are huge subjects. Are your residential properties in a bubble market (waiting to pop)? Does it matter? What cities should one invest in now? Should you be part of a Tenant in Common purchase? REIT? Knowing how to analyze ROI (Returns On Investments) is very important and having the right tools are critical to making proper choices.
5) Asset Management Strategies and the concept of the “Velocity of Money” - This includes a general understanding of portfolio management strategies so that for each person’s personality type there is a range of assets that the person’s portfolio should be in. The categories of asset management are:
a. Real Estate (primary and investment property),
b. Stocks and Mutual Funds (the split between large cap, small cap etc is a subset here)
c. Bonds and other fixed securities and annuities
d. Life Insurance plans
e. The famous “other” investments.
6) Tax Planning issues – the mortgage deduction is great. Are you maximizing this governmental benefit so you have the right loan amount for your income and itemized deductions? Are you getting the proper tax advantages with investment real estate? Do you have a highly appreciate asset and need a Private Annuity Trust (PAT)?
In summary, for us, Big Picture Financial Growth involves a 6-step process and doing the most important thing first: effectively managing one’s largest single personal debt – the home loan.
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