A Personal Mortgage Checkup
Investors can get so caught up in the numbers of all their deals, they may neglect to take care of their own financial health. Just as we should consult medical professionals for regular checkups, when was the last time you had a mortgage check up on your primary residence?
Here are the top reasons you should dust off your mortgage statement and look at your own financial health:
You may be able to access equity in your property to invest in the market.
Your cashflow can be improved by lowering your mortgage payment. This can be done by re-amortizing your mortgage.
HELOC rates are now over 7%. It may make sense to convert that HELOC into a fixed rate, lowering your interest payment.
It may allow you funds to complete renovations on your primary residence. This can be in addition to accessing the equity in your home for investments.
For more information, feel free to book a free mortgage checkup.
- Mike Schroeder, Mortgage Architects
