Mortgage Planning Questionaire

 

Borrower : 
Loan Officer:
Date:
E-Mail:
My Commitment to you is to help you make informed choices about your financing when buying your home. You can help me do that by completing this brief questionnaire prior to our application appointment. There are many different ways to finance a home, but you find the best option for you we must take into consideration  your long and short term financial and investment goals as your payment and equity objectives. During our appointment, I will work with  you to outline your goals, analyze your current purchasing power  and then recommend several different strategies that will enable you to achieve your goals.
1. Have you ever owned a home before?
What type of mortgage did you have ?
2. Do you prepare your own income tax return ?
If not, are you familiar with how the tax advantages of a mortgage work?
3. How long do you plan to live in this house?
4. Realistically, how much do you expect your household income to increase or decrease in the next

2 years 5 years

5. Do you foresee incurring other financial obligations within the next 5 years, such as ....
A new car?

Change in work time? (Switch to part time)


A new baby?  Other :
College expenses?
6. Which of the following personal goals are most important to you? Please rank in order of importance to you with 1 being the most important and 8 being least.
Building your net worth Moving to a larger within years
Having your mortgage paid off when you retire. Achieving Financial Freedom
If so, when do plan to retire? years Saving money to send kids to college
Investing in the stock market. other:
7. What is most important about this mortgage to you? Please rank in order of importance to you with 1 being the most important and 8 being least.
Lowest payment Eliminating other debt Lowest down payment
Lowest closing costs Maximize tax benefits other
improve credit history Paying the loan off ASAP
8.What mortgage payment do you feel comfortable making?
A. My current rent is $ per month.
B. My current mortgage payment is $ per month.

C. Do you currently have a house hold budget?.
9.  How would you best describe your financial philosophy? 
A. Do you work with a financial planner?     How do you rate him/her?
B. Do you work with a stock broker?            How do you rate him/her?
C. Do you work with a life insurance agent? How do you rate him/her?
10. Do you have a tax deferred retirement plan at work?  

A. Do  you participate in that plan?                                 

B. If yes, do you maximize your contribution?                  
11. Have you put a will in place or established a living trust to protect you family's 
assets in the event of something happening to you? A will A living trust?
If so, how would you rate your will/ estate planning attorney?
What is most important to you about working with a lender?
Thank you for taking the time to answer these questions. I look forward to meeting with you and helping you choose the best mortgage financing  options for your own personal situation.

 

 

Cherry Creek Mortgage
4301 Hacienda Dr. Ste. 120
Pleasanton, CA.94588
Phone 510-886-5492
Fax 510-886-8392

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