Borrower In Process: CPA Call

Bill, one of the things that I find to be really important is that when I talk with a client about the indebtedness that they're going to be taking out the loan program and the terms associated, just like I've done with you right now, I need to check in and ask them how their relationship is with their CPA, and you consider your CPA to be someone who's a financial advisor to you.

If YES...

Wonderful. Sometimes I think it's valuable just to have a second set of eyes, especially somebody who's handling your taxes. What I'd like to offer to do and free of charge, I mean I, I'll take a little bit of my time, is just pick up the phone and contact your CPA, introduce myself, send them a copy of the spreadsheet that we just reviewed together and go over it and review it with him or her just to make sure that we're checking that box and that they feel that we're doing the right thing. That the amount of points that you're paying is the right amount of points, etc. Given your tax bracket and your tax deductibility.

If NO...that's a great opportunity for you to maybe make an introduction and refer them to a good CPA.

Call to the CPA

Call the CPA, and introduce yourself. Hi, Richard. My name's Tim Braheem with First Rate Financial. We have a mutual client in by the name of Bill Williams. I wanted to let you know that I'm going to be working on Bill's purchase transaction for his and his wife's new home. We've gone over three or four different loan scenarios in great depth and detail. We've kind of zeroed in on one Richard that I think makes the most sense, but we both agreed that just having your blessing, having a second set of eyes on it is really important, especially given the fact that he, he's going to be paying one and a half points. We want to make sure that you can fully write that off and that there are no issues there. You know much more about his tax planning strategies than I do, and I just want to make sure there are no blind spots.