After closing on your home, don’t kick your Lender to the curb…
Your lender can be an important asset beyond the closing on your home. Times when it might be beneficial for you to consult with your lender include:
- If you are considering divorce
- Retirement planning
- Major home renovations
- Planning for college tuition or other large expense
- Contemplating a move
- Your loan anniversary
- A major rate fluctuation
At these times, your lender can review your current mortgage, answer important questions, and help identify other professionals you may need to speak with such as a CPA, an attorney or a financial planner. For example, prior to divorce there are certain steps you should take related to the disposition of the home that are easy to overlook, such as understanding how child/spousal support will be counted, income verification requirements, overall affordability, and necessary financial documentation required for loan applications.
Oftentimes, people forget about their lender after the closing, relieved to be through a somewhat arduous process. Ideally, your lender should be a valued part of your financial team, someone you can turn to for answers to mortgage related questions beyond the closing.
If you do have questions about your current mortgage, or have a friend or family member in need of a pre-approval to purchase a home, please contact us, we are always here to help.