25 08, 2021

3 Questions to Ask Before Refinancing Your Home

2021-09-30T01:55:43+00:00August 25th, 2021|Refinance|

From obtaining a better interest rate to shortening the overall term of your loan, there are many reasons why people may choose to refinance a mortgage. Like any major financial decision, this is not something to be taken lightly.

Could refinancing your current mortgage be a good move for you? Here are three questions to consider.

What are my Short-Term and Long-Term Financial Goals?

If you’re considering a refinance, your objective is to reshuffle your financial picture in some way. Maybe interest rates were high when you inked your initial mortgage, and you’re simply hoping to lock in a lower rate, thus freeing up some money each month. This strategy could also allow you to pay off your home sooner.

Another reason to refinance could be to switch from a 30-year to a 15-year loan. While this will increase the amount of your monthly payments, you will also pay your home off sooner. It’s important to consider your future finances to decide which aspects of a refinance will be in your best interest.

Do I Qualify for a Lower Rate?

Many factors such as credit score, your debt-to-income ratio, and the appraised value of your home can affect your mortgage rate. If your credit has taken a hit since securing your initial mortgage, now might not be the time to begin the process of refinancing—and you may not even qualify. Some lenders may also require you to have paid a certain amount toward the principal on your exiting loan before refinancing. On the other hand, if your credit and overall finances have improved in the time since you signed your mortgage, refinancing could be a good option.

Is it Worth it?

Like your initial mortgage, refinancing comes with closing costs. If your goal is to save money each month from […]

12 08, 2021

The Ultimate Moving Checklist

2021-09-30T01:56:08+00:00August 12th, 2021|Tips & Advice|

Like many major life events, moving tends to be a stressful process. Though there are bound to be some unforeseen hurdles, thorough planning ahead of time should greatly reduce your potential for headaches and ensure that your move goes as smoothly as possible.

Use this handy pre-move checklist to set yourself up for moving success.

8 Weeks Out from the Date of Your Move:

Get organized by creating a document (or series of documents) to track all the necessary info to come in your move—between estimates, real estate documents, and other odds and ends, there is going to be a lot. Saving documents to Google Drive or Dropbox will keep everything accessible in one place across all your devices long after your computer has been boxed up.

Begin taking in-home estimates from moving companies. This is not something that can wait until the last minute, unless you want to overspend and blow your moving budget.

Declutter. The sooner you can begin the process of separating cherished keepsakes from things you can live without, the better. Thin the herd and get your belongings sorted down to just the things you intend to keep as early in the process as possible. A garage sale and/or a mass donation to the Salvation Army can be a big help during this step.

Once you have a move date set in stone, request time off from work. Moving requires 100% of your attention, so it’s best to let your workplace know you’ll be away with plenty of notice to tie up any distracting loose ends ahead of time.

6 Weeks Out from the Date of Your Move:

With some of the basics taken care of, now is the time to gather supplies for your move. Raid local retailers for leftover boxes and be sure you […]