Stop refinancing every time your mortgage professional calls to save you money.
Why? Too often, homeowners refinance to save money every month only to be no better off the next time their loan officer calls to refinance them yet again.
We recently helped a client who was referred to us by her Certified Financial Planner (CFP). Prior to hiring her advisor, she bought a home and refinanced three times in 10 years. She paid closing costs four times and pulled cash out of her home. By the time we came on the scene, her mortgage balance had increased 81% over her original balance.
Start refinancing because your needs or goals have changed. Be strategic. Have a purpose. Involve professionals who can help you solve problems you may not even know you have yet.
If you find yourself stressing over financial matters, it may be time to see if repositioning some of your wealth makes sense. We're here when you need us.