As the days grow longer, we warmly welcome the arrival of spring – a season of renewal and growth. Just as we set our clocks forward for daylight saving time, it’s a perfect moment to take proactive steps in managing your mortgage goals. Whether you’re considering buying a new home, refinancing, or making strides toward paying down your mortgage, I encourage you to “spring forward” this month!

Re-evaluate Your Mortgage Strategy
With the change of seasons, it’s an ideal time to review your current mortgage. The market is constantly evolving, and refinancing could offer you better terms that weren’t available when you first secured your mortgage. Refinancing can significantly reduce your monthly payments or even shorten the term of your loan, bringing you closer to a mortgage-free life.

Quick Tip: Regularly comparing your current terms with new offerings can uncover opportunities to save money.

Considering Buying a New Home
Spring symbolizes a fresh start, and for many, this includes the search for a new home. The spring real estate market is known for its increased inventory and opportunities. If you’re considering making a move, now is the time to explore what’s available.

Quick Tip: Getting pre-approved for a mortgage is an essential first step. It gives you a clear understanding of your buying power and positions you as a serious buyer in the eyes of sellers.

Accelerate Your Mortgage Payoff One of the most effective ways to spring forward in your mortgage journey is by making additional payments toward your principal. This strategy can drastically shorten your loan term and save you a substantial amount in interest. Quick Tip: Utilize any extra funds, like tax refunds or savings from cutting back on non-essential expenses, to make these additional payments.

Written By: Jean Lamarche, AMP| Mortgage Agent Level 2