Annual Equity Review & Mortgage Review

We are all encouraged to meet with our financial planner once a year, get a physical once a year, go to the dentist once or twice a year, but how often do we get a checkup on our mortgage and our home equity situation? I propose that it should rank right up there with the annual physical. Heck, it's almost as important because if you mis-manage your mortgage, the stress that comes from it could be hazardous to your health! Ok, so I'm pushing it a bit, but you get the point ;-)

The "conventional wisdom" tells us to get our mortgage, preferably a fixed rate with a principal and interest payment, pay extra monthly and build up as much equity as possible. That thinking is passed on to us effectively from the Depression and still permeates the way we think. See my previous post to learn more about this topic, but here I will urge you to contact me or your Mortgage Advisor (if you have one) to review your current loan and home equity situation. Doing so can help you to meet, and hopefully exceed, your long-term financial goals.