Calculator with wooden house and coins stack and pen on wood table. Property investment and house mortgage financial concept

It seems like an obvious question, however, it is often overlooked.  When considering a refinance are you in a good financial position?  Homeowners often wait until they are in a difficult position to begin making moves.  That could be too late for lenders and yourself!

Smart Money Questions You Should be Asking:

  • Are my credit card balances above 30% of the available credit line?  For example, if you have a $5,000 credit card, do you owe more than $1500.00?  

Smart Money Says it is time to take action.

  • Do you have student loans you are making minimum payments on with more than 5 years remaining?

Smart Money Says it is time to take action.

  • Do you have auto loans in terms of 72 or 84 months?  Are payments becoming unmanageable?

Smart Money Says it is time to take action.

  • Is your business running short on cash flow?  Your receivables are running longer than 90 days?  Considering an expensive loan from Kabbage?

Smart Money Says it is time to take action.

  • Are you hearing rumblings or restructuring at work? The potential loss of time and income in the coming quarter or quarters?

Smart Money Says it is time to take action.

If you fit any of the above scenarios or dozens of other potential financial pitfalls, the time to take action is now, not until the event of the financial situation overwhelms you.

Sit with a professional and talk about your financial situation.  Have an unbiased 3rd party look at your financial picture from a number perspective.  It will be the best smart money move you make!

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