By: Ian Perry (NMLS 43261),
Division President, Primary Residential Mortgage, Inc.
New Year’s resolutions often involve wellness goals. We resolve to eat
better, go to the gym and get our annual checkup to make sure we are staying physically fit. But what about getting fiscally fit? When was the last time you had a
financial checkup? At Primary Residential Mortgage, Inc., our Loan Originators
often meet with clients to discuss their short- and long-term plans and create
strategies to achieve them.
Here are three areas you should examine on an annual basis to ensure you
are staying financially strong.
Do you know what your credit score is? If you don’t, you’re not alone.
Most consumers don’t, and that is risky considering your credit history can
affect everything from applying for a new job,
to opening a bank account, to buying a new house. By law, you are entitled to a
free credit report every 12 months, which may be obtained by visiting
The importance of reviewing your report for inaccuracies and fraud cannot
be overstated; good credit increases your buying power and makes borrowing
cheaper. At PRMI, we can help you better understand what your credit report is
Most people have a 30-year mortgage term. Needless
to say, a lot can change in that time: interest rates, your income, life
circumstances, etc. An annual mortgage checkup can ensure your home loan is optimized for your current objectives.
Do you need a lower payment? Do you want to access your equity to make
another investment? Maybe you want to pay off your mortgage sooner. These
questions should be discussed with
someone who understands the housing market and what options may be available to
When you look one, five, ten years into the future, what’s on the
horizon? You could be considering a home remodeling project, figuring out how
to pay for a child’s college years, or maybe you’d like to retire sooner rather
than later. Many of us see big changes coming, but
we don’t always know how to plan for them. Discussing life events or goals can
help provide clarity, and documenting them in writing is an important step
toward achieving your objectives.
Thirty Minutes to Financial
A financial checkup should be included in your wellness plan every year.
Start by considering these three areas, then take the next step and call a
professional. Discussing your personal scenario is an important step in
maintaining strong financial health, and it’s never too early to start working
on your 2019 resolutions.
Ian Perry is a Division President at Primary Residential
Mortgage, Inc. with nearly two decades of experience in financial services. He
manages locations in Guilford and Branford, Conn., and continues to build and
grow his team. Perry may be reached at 203-453-5555, firstname.lastname@example.org, or at the
Guilford location at 96 Broad Street, Guilford, CT 06437.
This article was originally
published in the January 2019 edition of “Old Saybrook Neighbors Magazine”, and
has been modified from its original version to fit the purposes of this blog
Information contained in this article does not
constitute legal, financial, or other professional advice or services and
should not be used as a substitute for professional advice. The reader accepts
full responsibility for the use of the information contained herein. Primary
Residential Mortgage, Inc. (NMLS 3094) is an Equal Housing Lender.
If you're ready to take the next step, work with a team that can provide the personal attention you deserve. Our mortgage company has helped over 200,000 borrowers fulfill their dream of home ownership. We'd love to help you too!