Financial Confidence FAQs
As Certified Mortgage Loan Originators, we’re here to help you get a mortgage.
However - we really care about you being financially confident during the process.
What does it mean to be financially confident?
We define being financially confident as being aware, knowledgeable, and content with your financial situation, your powerful impact over your finances, and how your long term goals fit into them.
How do I become financially confident?
The first step in becoming financially confident is to take stock of your financial situation, know your starting point. The more you know the more informed your choices will be going forward.
Bridge any learning gaps you may have in order to continue growing in your financial confidence.
Whether that means self teaching, taking a reputable e-course, or connecting with a professional to get your questions answered.
Your finances aren't Fight Club, it’s good to talk about your finances with people you trust - your partner, your team of financial professionals, etc.
Even if it’s uncomfortable at first, the more you talk about it, the more comfortable you’ll be talking about it and then the more confident you’ll feel about finances in general.
Focus on small goals and small wins at first. If you have a big, major financial goal like buying a home - break that large goal into smaller goals. Small steps add up!
Talk with a team of professionals to help support you on your journey to be financially confident. There are a variety of pieces that make up your financial puzzle, often with their own professionals to assist you. Mortgage lender, financial advisers, certified accountants, etc.
There’s a whole host of us here to serve you!
How does my mortgage help me be financially confident?
There are many ways a mortgage can contribute to your financial confidence.
First there’s the fact that you have successfully gone through the mortgage journey. YOU DID IT! That’s something to be proud of in and of itself.
Your mortgage is also a stable payment (assuming it’s a fixed rate mortgage) which means you have a consistent payment amount month after month and you don’t have to worry about the price going up.
Also, houses build equity over time. Equity that will be available to you should you want to utilize it to fund home projects or when you go to sell your house.
Lastly, (for now) homeownership builds generational wealth as you’ll be able to pass down the property to future generations.
More finance tips?
We are here to help you become more comfortable & confident with all things related to your finances.
Don’t be afraid of money, credit, and budgeting!
Do keep your credit profile & scores high by:
making on time payments,
keeping open accounts (credit cards, auto loans, personal loans, student loans, mortgages, etc) in good standing,
don’t use credit cards without being able to pay them off (whenever possible)
and save money each month so you have reserves/backup for a rainy day / life issues.
If you aren’t feeling like you can do this all well, we are here to help!