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Introduction
Mistake #1
Mistake #2
Mistake #3
Mistake #4
Mistake #5 |
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Mistake #3 The third mistake. 3. Not knowing how much you should borrow when you buy or refinance your home! It is important that you think of your house as a home and as an investment!
Make a note, your house should be part of your overall investment strategy. The amount of equity in your home should be based on your ability to deal with the risk involved in the loan to value and the value of the opportunity to invest your money in something other than your home. Let me tell you a story about short and long! It is important when you buy or refinance your home to borrow the correct amount of money. Not too much and not too little. If you borrow long it means that you borrowed more money than you should have. If you borrow short, it means that you did not borrow enough to maximize your financial capabilities. Either way you lose and it will cost you money! Let me ask you a question: Do you have a credit card payment savings account? Do you even know what it is? A credit card savings account could mean that you never pay credit card interest again! It should be taken into consideration when determining the amount of money you should borrow! That is an important tip, don’t you think? The truth is that the right answer will be different for each person or family. If you do not totally understand your options here, let us help you with this financial calculation. We will show you how to create and or save you the most money! or Call us at 303-771-1320 or APPLY ON LINE NOW! |
