FINANCING YOUR HOME Your transaction may be complete, but we will continue to work to make sure the rest of your home owning process is smooth. We are always happy to refer you to our favorite tradespeople, services, and providers to make your life a little easier. As you’re getting settled into your new home, be aware of the possible situations you may encounter in the future. Rebuild Your Savings Take the time to review your finances after your home purchase. Remember to set up an electronic payment with your mortgage lender, which will allow you to avoid penalties associated with late payments. Also, create a plan to rebuild your savings account. Now as a homeowner, it’s important to have a cash reserve for unanticipated maintenance and repairs. A general rule of thumb is to expect to pay 1-3 percent of the cost of your home per year on maintenance. Refinancing Yes, you may have just finished up the buying process, but never take your eye off interest rates. If rates go down, you may be able to save money by refinancing which means you’ll take out a new mortgage on your home with a lower interest rate. Often many lenders offer no-cost refinancing, or taking the costs and fees associated with refinancing and put them into the interest rate. You’ll lower your monthly payment with little or no money out of pocket. If at any time you have a question regarding your home or services, please don’t hesitate to contact your trusted CENTURY 21 Affiliated real estate agent. You continue to be a client even after the sale, and it is our goal to provide valuable help and information.
Made with FlippingBook Proposal Creator