Do You Have A Mortgage? What Now?

Posted by Haley Garcia on Thursday, July 16th, 2020 at 10:02am

 

By Darren Morris

In the middle of this Covid situation, there are so many things that are in flux.  One of these might be your finances.  And a big part of your personal finances might be a mortgage.  This is the PERFECT time to make plans for the future of your mortgage.

  • Are you in Forbearance?  Forbes magazine is reporting over 4 million mortgages are in forbearance.  Kind of great that your mortgage holder is giving you a break on payments, but what happens when the break is over?  Most are going to require those payments to be brought back to current.  That may be an increase in payments to pay off the difference or maybe they will extend the length of the loan. 
  • Have you thought about Refinancing?  Record low mortgage rates have been the name of the game this year.  Even if you have bought or refinanced in the last 2 years, it might be worth a chat!  
  • Maybe it's time to Sell?  Are you living in your dream home right now?  Maybe you need more office space now?  Lots of people are needing more space, and some are needing less.  This is a perfect time to start thinking about long term, where do I want to live?

I want to be your trusted real estate advisor.  Whether you are moving inside the Houston city limits, or relocating across the world, I'm am here to help.

 

 

 

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