The onset of warmer spring temperatures brings with it the chance for a fresh start. For many homeowners, this means a thorough spring cleaning of the house and yard to get ready for patio season and entertaining.
But, it’s equally important to conduct a spring checkup on your mortgage as well. So often, homeowners lock into a mortgage term and don’t think about reviewing their needs again until close to the renewal date. Considering your options every year will help ensure you’re saving as much money as possible.
There’s no charge or obligation for a mortgage review, so it’s definitely worthwhile to see if any changes in your financial situation or a shift in your goals over the past year or so means you’re no longer in a mortgage that best fits your needs. I typically look at three main areas in this review:
I pay special attention to unsecured debt such as credit cards, lines of credit and vehicle loans. Why pay more interest when you may be able to hit reset through a mortgage refinance at a much lower interest rate than you’re paying on your debt right now?
Are you thinking of moving or buying a second property for vacation or rental purposes? Let’s see if you can turn this dream into reality by reviewing your current mortgage, finances and home equity.
Does it make sense to use the equity in your home to pay for such upcoming events as your children’s education, home renovations or a dream vacation?
Reviewing your options annually could very easily set you on a more solid financial path for the future, helping optimize both your earnings and savings.
I’d be happy to arrange a time to review your mortgage. Answers to your questions are a call or email away.
Matthew Jackson
Mortgage Professional
250.826.3111
www.mortgageokanagan.com
Let’s get your application off the ground.
