5 New Year Resolutions for Homeowners

  1. Consider refinancing. Mortgage rates recently hit their lowest level in nearly two years, and experts are predicting that they’ll increase significantly within a year. Consult your loan officer to see if it could help you save in the new year!

  2. Timeliness on mortgage payments is a “must”. Considered to be the most influential way to strengthen your credit score, paying your mortgage on time will affect your ability to buy another home in the future as well. If you’re struggling with your credit score, be sure to reach out to Carl at Credit Blueprint for more assistance in achieving a stellar credit score. 

  3. Many homeowners miss out on BIG savings with insurance. This website lists some of the biggest credits and opportunities for discounts on homeowners’ insurance. For example, do you have an alarm system? Live in a gated community? New wiring? Check out the website and reach out to your insurance company in the new year to see how you can save.

Living in a gated community can save on homeowners’ insurance!

4. This might be the year for that big move. With rising home prices in our area, you’ll fetch a fair price on your current home and enjoy rock-bottom interest rates on your new place. Another great way to save on your big move? Consider an “off-season” move (such as Winter or Fall) for lower moving costs!

  5. If you’re refinancing in the new year, consider a shorter loan period. You’ll save even more on interest rates (15-year rates are also at record lows) and be mortgage-payment free sooner! Another great resolution? Pay off that second mortgage!