What is Mortgage Planning?


Mortgage Planning is the four-step process of helping you improve your life by using the right mortgage strategies.

Your mortgage is most likely your single largest debt, and your home is most likely your single largest asset. That's why mortgage planning should be conducted with a certified professional who is trained in the five CMPS skill sets:

Mortgage & Real Estate Taxation - how and why to understand the tax implications of various mortgage strategies

Housing, Financial & Mortgage Markets - why interest rates fluctuate, and how to understand the housing, financial and mortgage markets

Cash Flow Planning - how to reduce debt, improve cash flow & compare your options in the context of retirement planning, college funding, elder care, and other important life events

Real Estate Investment Planning - how to reduce your risk, and compare the impact of various mortgage options on your rate of return

Ethics and Compliance - how to experience the highest level of professional care, competence and communication during the mortgage and home buying process

Why Is Mortgage Planning Important?

The mortgage is inherently a financial product. Therefore, the mortgage strategy you use carries financial consequences that impact your life. Mortgage Planning with a CMPS-certified professional helps you answer the following questions:

  • Should I rent or buy a home?
  • How much of a downpayment should I use when purchasing a home?
  • Where should the money come from?
  • What are the alternatives?
  • How much should I budget for my monthly housing expenses?
  • What if I budget less or more?
  • How will my mortgage decision impact my financial ability to help my children pay for college?
  • How will my mortgage decision impact my financial ability to help take care of my elderly parents?
  • How will my mortgage decision impact my financial ability to retire within the budget and timeframe that works for me?
  • How will my mortgage decision impact my monthly cash flow situation?
  • How will my mortgage decision impact my financial ability to save money for the future?
  • How will my mortgage decision impact my financial ability to manage and reduce my debt in a timeframe that works for me?
  • Should I purchase real estate for investment purposes?
  • What mortgage strategy should I use when buying a vacation home or investment property?


How is Mortgage Planning Different Than Just "Shopping for a Mortgage"?

Your financial situation is likely to change from time to time. Mortgage planning is designed to take "life" into account as you budget for a new house and compare your mortgage options.

Here's how mortgage planning is different than the traditional "shopping for a mortgage" experience:

"Mortgage Planning" with a Certified Mortgage Planning Specialist (CMPS®) "Shopping for a Mortgage" with any of the 500,000 + Mortgage Salespeople in the US
5-Star Experience Overwhelming and/or Confusing Process
Focus on Which Mortgage Options Fit into Your Life, and Why Focus on Whether You Fit into the Mortgage Lender's Box, and How
Consider the Mortgage Transaction in the Context of Your Overall Financial Situation & Objectives Consider the Mortgage Transaction "In a Vacuum"
Customized Options for Your Scenario One Size Fits All
Mortgage Salesperson Who Puts His/Her Relationship With You Ahead of the Transaction Mortgage Salesperson Who Puts the Transaction Ahead of His/Her Relationship With You

Top 7 Reasons Why Real Estate Agents & Financial Advisors Should Work with a CMPS® Professional

  1. More Value: How much tangible business value has your current mortgage pro created for you recently?
  2. Better Communication:  Are you satisfied with the level and quality of communication you're receiving from your current mortgage pro?
  3. More Clients: How has your current mortgage pro helped you attract and retain more clients lately?
  4. Competitive Advantage:  How does your current mortgage pro help you create a competitive advantage?
  5. Better Experience: How effective is your current mortgage pro at providing a decent (let alone 5-star) mortgage experience for your clients?
  6. More Impact: How effective is your current mortgage pro at helping your clients improve cash flow and increase the safety, liquidity, tax advantages, and yield on real estate assets?
  7. Higher Standards: How committed is your current mortgage pro to higher standards of competence, ethics and communication during the home buying and refinancing process?


 Find a CMPS®

Questions? We'd love to help.


HomeQB is the official housing and mortgage blog of CMPS Institute. CMPS Institute is a national organization that certifies mortgage bankers and brokers. Our mission is to help homeowners and homebuyers improve their lives by using the right mortgage strategies.


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