Where did you come up with the name AdoptMyMortgage.com and why would I want my mortgage to be adopted?

This is a question we frequently get asked.  First, let us explain what we mean by adopting a mortgage, second we will explain why you want your mortgage to be adopted, and third we will explain WHY we adopt mortgages we did originate from clients whom we have not yet helped.

First, lets define adopting a mortgage:

When we mention adopting a mortgage loan we are referring to adopting the management of a client's mortgage loan.  We manage your closed mortgage loan on an ongoing basis through our RateWatch program which ensures you always have the lowest payment for your given situation and through annual client reviews where we review your mortgage and existing debt structure to make sure your assets and liabilities are optimally balanced as your life needs change over time so that you may more easily reach all of your financial goals.

Next, let's look at WHY you want your mortgage loan to be adopted by our practice:

Most Americans do not effectively manage their debt, especially their mortgage debt.  Traditionally only the wealthiest Americans have incorporated their mortgage into their overall financial plan because they were the only ones who paid for the financial advice of top financial advisors, mortgage planners, and tax advisors.  Top financial advisors understand that in order to maximize a client's rate of return over a lifetime time both the liability and the asset sides of a clients balance sheet must be managed, reviewed annually, and rebalanced when needed.  Most Americans have never worked with a mortgage planner, they have only worked with a loan officer who does not understand how to use a mortgage as a financial planning tool, does not manage their mortgage loan after it closes and likely never contacts them again after their mortgage loan closes. 

Most people agree that if they have $50,000 or more in paper investments such as stocks, bonds, and mutual funds that they should be using the services of a financial planner to help them achieve their financial goals as their life needs change- yet they gladly carry $100,000 or more of mortgage debt and never think twice about effectively managing it.  A mortgage loan is not a Ronco Rotisserie oven which you can set and forget.  Having a mortgage planner manage the liability side of your personal liability sheet frees up pre and post tax cash flow which can then be invested to help you successfully achieve your financial planning goals years earlier.

Today, your mortgage loan is recognized by top financial planning industry leaders, more than ever, not as a mortgage loan once was, but instead as a complex, tax advantaged financial planning instrument which must be managed and integrated with your long and short-term personal financial plan and major life goals like retirement, college planning, and wealth accumulation.  This is true regardless of whether a client has a $60,000 or $6,000,000 mortgage - the statistical data we have compiled from our own clients shows often times we find clients who have mortgage loans of under $417,000 often benefit the most from having their mortgage loan adopted and managed as they are less likely to have ever received financial planning advice concerning properly managing the liability side of their balance sheet in the context of a financial plan.

As Mortgage Planners, unlike traditional loan officers, we help you understand the financial impact borrowing decisions have on wealth creation.  We help our clients design a mortgage strategy, work closely with Realtors and Financial, Insurance, and Legal Advisors to execute that strategy, and we have systems in place to then manage our clients mortgage debt long term in a way which safely builds wealth for our clients and their families.

Now let's answer the question of WHY we adopt mortgage loans from clients we have never done a loan for in the past.

Our practice has been built entirely by referral one client at a time.  In this day and age of media gloom and doom, much uncertainty in the mortgage and real estate markets, and with numerous lenders having closed shop and many loan officers no longer in business we want the people in our community to know there are high quality advisors available to help them.  Our practice was founded on providing high quality advice so that our clients, regardless of whether they are a first time homebuyer purchasing a starter home with a FHA or VA loan or a wealthier client purchasing or refinancing a multi-million dollar home may be able to make the most informed decisions possible when it comes to safely integrating their family home into their overall financial plan so they can sleep soundly at night. 

We have adopted the clients of our referral partners for years, and now we are offering our services to the general public so that we may help as many people in our community as possible.  Most loan officers do not manage their clients loans once they close.  We feel this is a huge mistake as not managing a clients mortgage loan ineveitably leads to a client not being properly serviced which means most clients end up paying too much in mortgage interest because the average consumer does not actively track the mortgage market on a regular basis.  Let's face it, a big bank is not going to call you up and say something to the tune of "Hello customer, I know I have not been in contact with you over the past few years since your loan closed but interest rates have dropped and now is a great time to take advantage of the market and save tens or hundreds of thousands of dollars in interest over your loan lifetime."  A bank wants you to keep paying a higher interest rate on your loan because they make more money when you do.  Our practice on the other hand manages your loan to make sure you pay as little interest as possible over your lifetime because by effectively managing the liability side of your personal balance sheet we help you free up money for you to invest elsewhere to increase the asset side of your personal balance sheet which results in greater wealth for you and your family in the long run.  Simply put, the more loyal clients we have out there who we help on a regular basis through effective mortgage management, the more business gets referred to us and our business exponentially grows as a result.  We help the people in our community and grow our practice at the same time, it's a win-win situation all around. 

We can adopt any mortgage in the US regardless of which company currently services it or originated it.  A partial list of some of the banks, lenders, and credit unions from whom we have adopted and currently manage client mortgage loans include: Countrywide, Chase, Citi Bank, Flagstar, National City Bank, Washington Mutual, Wells Fargo, Lasalle Bank, ABN AMRO, Bank of America, Lehman Brothers Bank, CTX Mortgage, First Magnus, Suntrust, World Savings Bank, Wachovia Bank, GMAC, Homecomings, Quicken Loans, Rock Financial, New Century, IndyMac, American Home Mortgage, Fifth Third Bank, Comerica Bank, Huntington Bank,  Charter One Bank, Bank of Ann Arbor, Dearborn Federal Credit Union, Detroit Edison Credit Union, First Horizon Home Loans, E-Loan, Taylor, Bean, & Whitaker, Sunset, US Bank, Aurora Loan, NovaStar Mortgage, E*Trade, Merrill Lynch, Ameriprise, Key Bank, Regions Bank, ING Bank, USAA Federal Savings Bank, Capital One Bank, UBS Bank, HSBC, TCF Bank, Ypsilanti Federal Credit Union, University of Michigan Credit Union, Eastern Michigan University Credit Union, Huron River Area Credit Union, and Credit Union One.

As you can see by this partial list, we can adopt and manage your mortgage REGARDLESS of who originated and or currently services your loan.  If you have not heard from your mortgage professional since your loan closed, have not received regular updates comparing your loan to the present market regardless of interest rate environment, and have never had an annual mortgage review then your mortgage is not being properly managed by your current mortgage professional - assuming your mortgage professional is still in the business.  We invite you to contact us to have your mortgage adopted and professionally managed. 

Cornerstone Mortgage Lending

Ann Arbor • Downriver • Metro Detroit

Phone:  (877) 977-5724  Fax:  (888) 586-5283