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In today's episode of #TheAmberStittShow, Richard returns to discuss the topic of debt and its role in financial planning.
We all have grown up with the common belief that debt is inherently bad, but is that always an accurate statement?
Richard Simon shares his perspective as a mortgage broker and how he helps clients utilize mortgage debt as a tool for financial planning.
He shares how we need to consider factors such as their intention to acquire other properties, retirement plans, and whether they are first-time homebuyers.
In this episode, we discuss:
- The perception of debt in society
- Debt during wars and economic crises
-How to leverage debt to one's advantage
-How to generate passive income and build wealth.
Richard mentions that his team takes a unique approach by incorporating financial planning into their mortgage consultations, regardless of whether it's for a home purchase or refinancing.
If you are truly interested in using your Mortgage as a solution to your Planning, make sure your mortgage broker walks you through all the options as some buyers' needs are different from others. It isn't just about the rates!
For more mortgage tips, please follow Richard and his team at @AZ Lending Experts, LLC, and their profiles on Instagram and Facebook.
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