As February, the month of love, comes to a close, we would be missing an opportunity if we didn’t discuss the love we hold for our homes. Many people form a sort of emotional attachment to their homes, which is a place full of memories and personalization. However, over time, you might find you’re struggling to love your home as much as you once did. Maybe you’re having a hard time with your mortgage product, or you feel like you are outgrowing your home’s style. As a mortgage broker, I see all kinds of future and current homeowners hoping to make the most of the ownership experience. If you’re falling out of love with your home, here are some things to think about.
Consider a refinance
Sometimes, loving your home has a close connection to loving your current mortgage product. If you’re unhappy with your mortgage situation, it’s easy to feel disenchanted with the home that’s tied to it. In that case, maybe it’s time to think about a refinance. Refinancing your mortgage means changing your current mortgage terms with the goal of making it a better fit for you. This might mean searching for a different interest rate, shortening your amortization period, or switching between a fixed and variable rate, for instance. Our needs are always changing, so it’s normal for our mortgage requirements to change too!
If a refinance can work your mortgage into a product that suits you, this can help you feel the love for your home a bit more. Refinancing can help you save money, or pay off your mortgage faster, both of which benefit you as a homeowner. If you have any thoughts about refinancing, be sure to reach out to chat about your options!
Use renovations to love your home afresh
Sometimes, home renovations can renew our love for our homes. Our styles and tastes change over time, so it’s common to feel like you’re outgrowing the current atmosphere of your house. We recently published a blog on some of the best winter renovations to take on, which you can review here. While the weather is too cold and unpredictable to allow for major outdoor projects like roofing or yard upgrades, now is a great time to get to work on aspects inside your home you might not love anymore. Maybe it’s time to modernize the kitchen, replace some old carpeting, repaint the walls, or swap out some art. You might find you love your home just a bit more if it feels more personalized to your current tastes!
Is it time to move on?
At the end of the day, you might find you’re just ready to move on to a new home. And that’s okay! Most homeowners don’t stay in the same house forever. While it can be hard to say goodbye, it might be the right decision for you. Reasons for wanting to relocate can be anything from size to location, property type, and budget. Sometimes it’s not enough to rework your mortgage, or perform home upgrades, and you need to take your love to a new property.
The great news is if you’re ready to fall in love with a new home, you can contact a mortgage broker like myself, and we can help you get there! We’re here for you throughout your entire homeownership experience, and that starts right at the very beginning.
Let a broker help you secure the right product!
If you’re thinking about buying a new home, it’s important to get a broker involved. As we mentioned above, it’s important to love your mortgage product so you can love your home, and that begins with us. We can walk you through your budget and the different mortgage options out there, and help you narrow down what might work best for you. We can get you in touch with potential lenders who might finance your mortgage, and ensure you understand all the terms of your mortgage contract. We’re your guide throughout the process. Our goal is to find you the product and rate that works best for you.
If you have any questions about your mortgage, get in touch with me!