Personal debt restructuring for individuals | Mortgage Sales Manager

2017-08-20 4

Dave King of Mortgage Sales Manager talks about personal debt restructuring for individuals in this short video. Essentially, if you're going to owe money, it's best to do it in the most efficient way possible. Most times, this entails borrowing against your primary residence. Individuals may have mortgages with great interest rates that are better than what's currently available. However, it may still be in their best interest to refinance in order to get out of other debts, pay for home improvements, fund college or retirement, or even just improve the monthly cash flow. It's a mortgage loan officer's job to take a holistic view of a homeowner's financial situation in order to best help them borrow in the most efficient way. Mortgage loan officers can help homeowners save money, fund important things, and help with their monthly cash flow problems. If you take the holistic approach with your customers, you'll be the hero and even better, you'll be able to help them out.

As a mortgage loan officer, it's your responsibility to help your customers make the best decision when it comes to refinancing. In this short video, Dave King with Mortgage Sales Manager addresses debt restructuring. While it's not ideal to owe money, if it's a must, then it's best to owe in the most efficient way. Homeowners may find that borrowing against their primary residence is the best way to accomplish smart debt restructuring. In some instances, these individuals may have mortgages with better rates than are currently available. Even if that's the case, it still may a good choice to refinance. This process can help them to pay off other debts, invest in home improvements, improve their monthly cash flow, or pay for important events like college or retirement. You'll need to take a holistic view of your customer's finances in order to determine how they can borrow efficiently. When done in the right way, you'll be able to help them fund important things, improve their cash flow, and save money. Not only will this reflect well on you, but your customers will enjoy a better quality of life.

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