Mortgage Guidance for Clients Making Long-Term Estate and Financial Decisions
Real estate is often one of a family's largest assets.
As a result, mortgage decisions can become part of broader conversations involving:
At Capital Funding Mortgage, we work with clients and their professional advisors to help evaluate the mortgage side of these decisions.
I’m John Madden, owner of Capital Funding Mortgage, and I have been originating mortgages since 1999.
We do not provide estate-planning, legal, tax, or investment advice.
Our role is to provide mortgage information so the client's attorney, CPA, financial planner, and other advisors can consider the financing implications of different strategies.
Clients approaching or already in retirement may have substantial assets but less traditional employment income.
Depending upon the situation, we can evaluate qualification using:
Some clients can purchase a property without financing.
But using a large amount of cash may affect:
We can show the mortgage alternatives while the client's financial and tax advisors evaluate the broader implications.
Estate planning often involves multiple generations.
A parent may want to help a child purchase a home.
An adult child may be helping an aging parent downsize.
A family may be considering how an inherited property will be handled.
Mortgage issues may arise involving:
We can help explain the mortgage requirements involved.
When a client inherits real estate, questions may arise regarding:
The appropriate financing depends upon the circumstances and applicable loan guidelines.
Legal ownership and estate matters should always be handled by the client's attorney.
One heir may want to retain an inherited property while other heirs prefer to receive cash.
This can create a financing need similar to an equity buyout.
We can help evaluate whether a new mortgage may provide the funds needed, subject to lender guidelines and the client's qualifications.
Older clients may be:
We can review financing alternatives and expected monthly costs.
Clients sometimes assume they should refinance when a major life change occurs.
That may not always be the best answer.
We can evaluate whether:
We can also assist with financing involving:
When authorized by the client, I welcome communication with the estate attorney, CPA, financial planner, or other advisors.
The objective is to make sure everyone is working from accurate mortgage information while each professional stays within their own area of expertise.
If you are an estate-planning attorney, elder-law professional, financial advisor, trust professional, or other estate-planning specialist in Pennsylvania or New Jersey, I would welcome the opportunity to serve as a mortgage resource for you and your clients.
John Madden
Owner, Capital Funding Mortgage
Personal Cell: 215-601-6724
Mortgage guidance designed to complement thoughtful estate and financial planning.
