Get Your Spring Mortgage Checkup!
April 30, 2021 | Posted by: Keith Leighton
Get Your Spring Mortgage Checkup!
Warmer spring temperatures brings the chance for a fresh start. It’s important to conduct a spring checkup on your mortgage. 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. There are 3 main areas in this review:
Your Spring Mortgage Checkup
1. Debt levels - Look at your 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?
2. Current needs - Are you thinking of moving or buying a second property for vacation or rental purposes? Turn this dream into reality by reviewing your current mortgage, finances and home equity.
3. Future plans - 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.
We would be happy to arrange a time to review your mortgage. Reach out to a Dominion Lending Centres Ideal Mortgage Professional to help you find the best options to suit your needs thanks to our connections with multiple lenders! Why wait? Contact a DLC Ideal Mortgage Professional today.
