Sharpen Your Pencils - Back to School For Your Finances

September 1, 2023 | Posted by: Sharon Patton

It’s September and as green turns to gold, we return refreshed to the rhythm of our daily routines. Autumn is the perfect time to “get back to business” with a fresh look at your finances. Maybe you spent a little extra on that summer vacation, or the little home reno job that grew. That’s okay. Get out your calculator and get back on track. Let's take a look at the three R's, Review, Refinance, and Renew that we can focus on.

The first thing we need to do is review your finances. A monthly budget will show you clearly what your expenses are and if you have any cash flow issues. If you are carrying high-interest-rate debt, we can look at your options to consolidate and save you thousands in interest over the term of your new mortgage.

If you have a large expense looming in the near future, we can explore options for adding a second mortgage or line of credit to your current mortgage to avoid high-interest payments.

You may also want to take a good look at your credit score and see what may need to be fixed there to ensure you are on track with your finances.

After taking a closer look at your finances it may be time to consider the second R, a refinance of your current mortgage. We can explore options to increase your cash flow, decrease your debt, and ensure your payment is in line with your budget. With access to over 50 lender partners and special programs, we may be able to do this without a large cost to you in penalties or legal fees.

Let's chat and come up with a solution that fits your financial needs.

The last R in our focus on finances is Renewal. If your current mortgage is up for renewal and within 6 months of maturity let's chat today. Now is the time to explore options to see if your current mortgage terms are still right for your financial future. Four months prior to maturity, we can lock in a rate to protect you from any future rate increases. While we wait for your mortgage to close we will continue to watch the market for rate decreases as well as any program that may benefit you to offset your renewal costs.

Now is the time to get your finances on track. We are here to explore all your options with a free, no-obligation mortgage review. Your financial future matters to us.

Looking forward to connecting with you soon.

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