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The New Mortgage Investment Advisor: Structuring Your Mortgage to Work as a Financial Planning Tool | 
| Authors: Peter, D. Mitchell, James, D. Pidd
Publisher: Anderson-Noble Publishing
Category: Book
List Price: $15.95
Buy New: $14.36
You Save: $1.59 (10%)
New (10) Used (8) from $12.36
Avg. Customer Rating:  5 reviews
Sales Rank: 328380
Media: Paperback
Edition: 1st
Number Of Items: 1
Pages: 196
Shipping Weight (lbs): 0.6
Dimensions (in): 8.8 x 5.9 x 0.6
ISBN: 0975481975
Dewey Decimal Number: 333
EAN: 9780975481974
ASIN: 0975481975
Publication Date: July 1, 2007
Availability: Usually ships in 24 hours
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Product Description
With the Baby Boom generation on the cusp of retirement and younger Americans increasingly worrying about the future viability of social security, the issue of retirement planning is prominent in the collective consciousness of Americans. Unfortunately, some Americans have stuck their heads in the sand and simply assume that the future will take care of itself. Perhaps more tragic, according to authors Pete Mitchell and Jim Pidd, many Americans are actively trying to prepare for retirement but they are missing out on a dynamic wealth building opportunity that is resting at their financial feet. In their new book The New Mortgage Investment Advisor Mitchell and Pidd tackle the conventional wisdom regarding how Americans view their home mortgage and turn that wisdom on its head. Examining the historical, social, and psychological motivations for why Americans aggressively pay down their home mortgages, the authors demonstrate the serious financial impact that this traditional financial strategy has on accumulating wealth. With in-depth analysis to serve the financial professional, yet practical enough to stimulate and provide clarity to the financial layman, the authors address key issues such as: How mortgages can be structured to maximize income tax deductions. The financial viability of interest only, Traditional Option ARM, and Secured Option ARM loans. Arbitrage and the powerful savings techniques that can generate tremendous wealth without any additional investment capital than what you are already using. How accumulating equity in one's home is NOT an investment. How to unlock the investment potential of trapped home equity. Preparing one's retirement nest egg to avoid or minimize tax liability upon withdrawal or inheritance. Why traditional 401k and IRA investments may leave you tens of thousands of dollars short of your expectations when it comes time to retire and withdraw funds, and much more. Whether you are a Baby Boomer with retirement looming, a younger American with decades still to prepare for retirement, or a financial professional looking for new and improved ways to better serve your client's retirement needs, The New Mortgage Investment Advisor can provide strategies to help make the golden years of retirement truly golden.
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| Customer Reviews:
The New Mortgage Investment Advisor October 8, 2007
1 out of 1 found this review helpful
For most people the purchase of their home is the biggest investment they will ever make. In this book Peter Mitchell and James Pidd teach you how to use the equity of your home and turn it into a vehicle for a more financially secure retirement. They bring to reality the common knowledge that mortgage interest is simple interest and investment interest is compounding interest.
The examples in this book make clear the power of compounding interest when combined with the tax advantage of life insurance and the impact that has on your retirement goals. They make a compelling case that turns the equity of your home into a financial vehicle that meets the investment criteria of safety, liquidity and rate of return.
This should be a must read book for everyone starting with every High School senior.
Good information September 1, 2007
2 out of 2 found this review helpful
Excellent job of explaining the benefits of making your mortgage work for you. As a mortgage professional if most homeowners understood these concepts and applied them we would have a lot more people setup for retire and enjoy there life. Sadly most people go about it the wrong way and wind up struggling in their retirement years.
The New Mortgage Inverstment Advisor July 25, 2007
2 out of 2 found this review helpful
As a homeowner who's gone through three loans since the purchase of my first home, I can only say, "Why didn't somebody have this information out sooner, I could have avoided some pitfalls along the way". This is an amazing book I highly recommend to ALL HOMEOWNERS! Not only do I now know how the different types of home loans that are available work, I also know which is the best loan for my situation because I can accumulate wealth for my family and have my home mortgage paid off sooner If I choose to. This book is putting me behind the driver's seat of my largest investment and taking me to my desired destination at retirement in a faster, smoother ride. I will never look at my home and my investments in the way that I used to. Thank You, Peter Mitchell!
How to have your cake and eat it too......... July 25, 2007
4 out of 4 found this review helpful
This book is a must read. It's certainly at the top of my list.
Don't you wish that you could go back in time? I like to say it this way. I am now 47 years old and I wish I knew then, at the birth of my first son at age 27, what I know now.
Where did you learn about money, the Banks? Or our Schools?
Probably from life experiences right?
We are not taught about finances at all.
When you read this book, you will have what I like to say is an "Ah Ha Experience".
Why didn't someone tell me the whole story? Are you going to listen to the radio and TV or are you going to get educated. This book will teach you about your mortgage loan, maximizing cash flow and what the Financially Independent people do.
It's either Man or Woman at work or Money at work. The sooner you have money work for you, the sooner you can stop working for it and do what is most important to you.
Most people do not take the time to plan out their lives. Read this book and it will open up your mind to things that we are not taught and you need to know. Don't you want to make the right decisions when it comes to your money?
This book will definitely help you. I have been in the Financial Services industry for seven years and it makes a lot of sense.
If you are a loan officer this is a must read book. This book will help you to separate yourself from all of your competition.
Please Read This before you decide on this book. July 21, 2007
6 out of 6 found this review helpful
I've been a Certified Mortgage Planner. I've seen many, many people in the wrong type of mortgage with little to no planning for their future. They were almost always in the wrong mortgage because they didn't have the knowledge they needed to make a better choice and took someone else's advice. The same goes for retirement planning. People need to learn more about the reasons behind the choices they need to make. I got into mortgage planning because I wanted to find a way to help people. And there are not many other ways where I could have the impact I wanted to have. I understand from experience what kind of impact both the right and the wrong choices can make.
This is the best resource I've read to date for both the consumer and the mortgage professional on the types of mortgages and their use when you're practicing equity management which I believe should be a part of every homeowner's retirement plan.
I now help lead what we hope will become the premier debt elimination company in the country. I speak to mortgage professionals every week and at the time of my writing this review I'd say about 25% of the people I speak to thoroughly understand what this book can teach you. That's not good enough, and it tells you why it's so important for you to be knowledgeable and have an understanding of mortgage types and how they'll affect your entire financial future.
There are going to be other reviews which will argue against equity management because it's not the right choice for a small percentage of homeowners. The Chicago Fed came out with a report last year that supports equity management. But that argument is not the point. I don't care what type of account you use to build your retirement. The point is you need to build a retirement that fits your needs and over 90% of Americans are not doing that right now. You need the knowledge to make good choices. This book has to be one of the resources you learn from.
Don't let arguments over the best kind of retirement accounts keep you from learning what you need to know.
Read this for yourself and for your future.
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