Do you have a mortgage question and are you looking for mortgage advice but you are not sure where to turn for unbiased answers.  Look no further because the ultimate mortgage book is here.  Mortgages: What You Need to Know, Strategies to Take Control of Your Financial Future answers most of your mortgage questions.  This book covers:

• The different types of mortgages
• Understanding adjustable rate mortgages
• How an amortization schedule works for a 30-year fixed rate mortgage, and
• It provides mortgage questions you need to ask yourself in order to determine which mortgage is right for you? 

The last chapter covers how to find a good mortgage planner in your neighborhood and what questions you should ask this person to ensure they have your best interests at heart.

Financial literacy is a big issue and this book will provide you with everything you need to know about mortgages so you can make smarter decisions for your future.  The main theme of this mortgage book is to Educate and Empower the individual:

• To take control of their financial future buy slowing down to understand the mortgage process
• How a mortgage affects short term cash flow while being mindful of long term retirement goals. 

After all, the type of mortgage you choose will directly impact your ability to save for retirement. 

Mortgage and Your Small Business

Q. With all of the recent reports about the credit crunch, where can I look to get a small business loan? Are banks still lending to small businesses?

A. It goes against the grain but sometimes using your home equity for your small business makes sense especially in today’s tight credit market. If you are a small business owner and you need financing to help your business grow, start a new business, your SBA loan is up for refinancing or maybe you need to buy out a partner your home’s equity just might be the answer? Here are a few benefits to using your home equity verses traditional business loan:

• Quicker underwriting time
• Interest rates three to four percent lower (saves tens of thousands over the life of the loan)
• More flexible terms

To find out if it makes sense for your small business,
ask your mortgage planner to run a scenario and if it looks like it makes sense then call your CPA to discuss.