Finding Money

It’s the time of the year when finding hidden money can help reduce holiday stress. A semiannual review of household expenses can put significant dollars back in your pocket. Start by checking with your cable company for new offers, or check with your cell phone provider to see if your phone package is still the best deal. Joining the budget plan for utilities or renegotiating your credit card interest are all strategies that can cut expenses. One big ticket item that is often overlooked is the interest rate on your mortgage. A quick review of your mortgage rate, and length of time to pay off, should both be reviewed to see if the mortgage you originated is still the best for your situation. Did you just refinance or just buy your home?Even if you just bought your home, check to see if the mortgage rate has dropped or your home has increased in value. Any change in financial status is a good reason to explore refinancing your loan.

Ask yourself:

Has my property value increased so I am now eligible for a different mortgage package?
Has added equity made me eligible to drop my mortgage insurance?
Has my income gone up?
Will I need to move in a few years and want to change the terms of my 30-year loan?
Would I like to lower my payment?
Would I like to consolidate and eliminate some debt?
Would I like to use some equity to make home improvements?
Would I rather have a fixed payment amount rather than my Adjustable Rate Mortgage (ARM)?
Would I like to pay off a second mortgage?
Do I want to buy out my co-borrower?

If you answered “Yes” to any of these questions, check in with us. It’s easy for us to review your situation and advise you of potential savings and efficiencies.

Bottom Line

You are one of the fortunate people who have a Homeownership Program provided by your employer. This benefit offers concierge service at your disposal to help you through this review process. To begin the process of mortgage refinancing or homeownership, call 1-800-376-4603 or email us at info@advantagehomeplus.com. This call can save you thousands in loan fees and is offered at no cost to you by your employer. Reduce your stress and let us help you find more money to add back into your budget!