Mortgage Strategy Financial Planning Questionnaire

By answering the following questions, Investment Counselors from our Financial Services Division will be better able to make recommendations.

What is the purpose of this new proposed loan?   Choose Purchase of Primary Home Purchase of a 2nd Home Purchase of Investment Property Refinance of Primary Home Refinance of a 2nd Home Refinance of Investment Property

If a refinance,  what is the purpose of the refinance? N/A this is a purchase Lower rate or payment Obtain Cash Out Pay off Owelty Lien Home Repair or Remodel Pay Taxes Pay off Other Lien type not listed

If a Home Equity Cash Out,  what plans to do with the cash?   N/A this is not an equity loan other purpose not listed Pay Off Other Debt Business Reasons Home Repair or Remodel Automobile College Expenses Purchase other property or asset

If you have the information, what is the property address?

Is this property your current Homestead? Choose Yes . is currently my home Yes . it will be as soon as I purchase it No . is investment property I own No . it will be investment property when I buy it

If purchasing for investment purposes, what are your investment plans?  N/A not investment or not a purchase Keep for Rental Income Sell for Profit as soon as possible

If your Homestead, have you filed your Homestead Exemption with the County? N/A this is not my homestead Not yet but will after I purchase No this is a 2nd home Not Sure Yes No

What is the approximate Value of this property?

How long do you expect to retain ownership of this property? 1 Year or Less 2 to 3 Years 3 to 4 Years 4 to 5 Years 5 to 7 Years 7 to 10 Years Over 10 Years Unable to Determine

There are so many loan products available today that your expected property retention will designate terms to consider.

If between 1 & 10 Yrs, are your plans sure enough for a loan that balloons at the end of that period? Choose Maybe depending on the terms of the balloon No Yes

*Balloon products often provide desirable rates & terms.

If you intend to retain long term, is one potential reason for rental purposes? N/A I dont intend to keep very long No Yes Cannot Say

Whether or not you intend to use a property for rental can impact decisions.

Which do you feel is most important?   Choose Lowest Payment Possible Pay Off Loan Sooner Whatever Saves The Most Money

Outside factors often determine the best use of cash flow.

What is the approximate current balance of all your credit cards? 

Credit card interest may not be tax deductible and much higher than mortgage rates.

If you have student loans, what are combined payments & balances? Payments: Balances:

Student loans can impact personal cash flow.

If you have student loans, are they still in deferment? N/A I have no outstanding student loans No Yes

If student loans in deferment, until when?    Date:

Interest paid on auto loans may not be tax deductible.

What is your car payment and balance Automobile # 1 ?  Payments:  Balance:<-enter "lease" if lease contract

What is your car payment and balance Automobile # 2 ?  Payments:  Balance:<-enter "lease" if lease contract

What is your car payment and balance Automobile # 3 ?  Payments:  Balance:<-enter "lease" if lease contract

Are any of your cars used for business? Choose No Yes    If used for business, what percentage? Choose Less Than 10% 10% to 25% 26% to 50% 51% to 75% 100%

Business use of automobiles could impact financing decisions.

Business ownership & Self Employment impact financial planning.

Do you own a business? Choose No Yes    Bonus or commission represent more than 25% of your income? Choose No Yes

Spouse own a business? Choose No Yes    Bonus or commission represent more than 25% of Spouses income? Choose No Yes

What is the total sum of your traditional checking/savings/money market accounts?  

What is the total sum of all stocks/bonds/investments that are liquid and NOT inside of a retirement account?  

Please identify what types of retirement vehicles you currently have.  If you have more than one type, complete information for each:

Choose Traditional I.R.A. ROTH I.R.A. 401(k) 403(b) 457 Plan S.E.P. Keogh Profit Sharing Plan Employee Stock Ownership Plan (ESOP) Stock Bonus Plan Money Purchase Pension Plan Cash Balance Plan Target Benefit Plan Thrift or Savings Plan Defined Benefit Pension or Pension Plan Combination Plan Annuity Yourself Your Spouse Approximate Value:

Choose Traditional I.R.A. ROTH I.R.A. 401(k) 403(b) 457 Plan S.E.P. Keogh Profit Sharing Plan Employee Stock Ownership Plan (ESOP) Stock Bonus Plan Money Purchase Pension Plan Cash Balance Plan Target Benefit Plan Thrift or Savings Plan Defined Benefit Pension or Pension Plan Combination Plan Annuity Yourself Your Spouse Approximate Value:

Choose Traditional I.R.A. ROTH I.R.A. 401(k) 403(b) 457 Plan S.E.P. Keogh Profit Sharing Plan Employee Stock Ownership Plan (ESOP) Stock Bonus Plan Money Purchase Pension Plan Cash Balance Plan Target Benefit Plan Thrift or Savings Plan Defined Benefit Pension or Pension Plan Combination Plan Annuity Yourself Your Spouse Approximate Value:

Choose Traditional I.R.A. ROTH I.R.A. 401(k) 403(b) 457 Plan S.E.P. Keogh Profit Sharing Plan Employee Stock Ownership Plan (ESOP) Stock Bonus Plan Money Purchase Pension Plan Cash Balance Plan Target Benefit Plan Thrift or Savings Plan Defined Benefit Pension or Pension Plan Combination Plan Annuity Yourself Your Spouse Approximate Value:

Your Age:     Spouse's Age:

Your Name:   E-Mail:

Home Phone:   Work Phone:  Cell:

Preferred Contact Method: Choose Home Phone Work Phone Cell Phone E-Mail     Best Time to Call: Choose Morning Noon Afternoon Evening Anytime

Are You Already Working With A Bright Mortgage Loan Officer ?  Choose Yes No

If Yes,  What is Your Bright Loan Officer's Name ?