Today we're to talk about annual mortgage checkups.
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Today's topic is annual mortgage checkups.
Something David suggests to all of his clients is to review your mortgage once per year. Usually the best time to do this is toward the end of the year when things begin to slow down.
Pull your statement out and find out if you need to re-evaluate or update your homeowners insurance. Most people simply pay their mortgage without paying attention to their statements, but it’s actually very important to check for these kinds of necessary updates.
Also, determine if your escrows are in line. You also will want to contact your county assessor to check on your deductions or exemptions, since these can often change.
Another important thing to look at is your mortgage rate. Doing so could potentially save you money. However, this year, rates are unfortunately expected to increase in December. So if you’re thinking of making a purchase, now may be a good time to do so.
Additionally, you should find out whether you need to restructure your mortgage. As your situation changes, so should your mortgage.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Something David suggests to all of his clients is to review your mortgage once per year. Usually the best time to do this is toward the end of the year when things begin to slow down.
Pull your statement out and find out if you need to re-evaluate or update your homeowners insurance. Most people simply pay their mortgage without paying attention to their statements, but it’s actually very important to check for these kinds of necessary updates.
As your situation changes, so should your mortgage.
Another important thing to look at is your mortgage rate. Doing so could potentially save you money. However, this year, rates are unfortunately expected to increase in December. So if you’re thinking of making a purchase, now may be a good time to do so.
Additionally, you should find out whether you need to restructure your mortgage. As your situation changes, so should your mortgage.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
