Thriving in a Time of Crisis: Mortgages and money

Thriving in a Time of Crisis: Mortgages and money

You may have been watching the news endlessness about the current epidemic just like all other Americans wondering which sources of information is actually true vs. speculative. As a Realtor, I interact with mortgage brokers, banks and financial advisors daily. Here is some key information I would like to share.?

Prime rates that the Feds just released does not affect getting a home loan. However this particular rate cuts do include the following: Credit cards, Home Equity Loans, Auto Loans and other Consumer loans.?

So what does this all really mean to you?

  1. Stop putting your goals, dreams and desires on hold - When you pursue your goals you are positively contributing to the economy and to yourself because you are providing solutions to problems. This crisis reminds us all that tomorrow, next month and next year is not guaranteed. So we have to just Go For It!
  2. Find the opportunity - Just because there is a crisis, that doesn’t mean there aren’t problems that need solutions. What solutions do you have to problems people are facing? Have you been thinking of a new type of home delivery service? Have you been wanting to open an online store?
  3. Take inventory of where your money is going - Don’t panic. Instead take a very close evaluation of where your money is going and where it can be diverted to benefit you. If you own a home, could refinancing or taking equity out of your home benefit you right now?

While things are not perfect and highly unpredictable right now, still we must move forward for ourselves, our families and our communities. Take this time to evaluate where you are and where you want to be after the storm has past.?Gusti Clark is the CEO of Career Therapy working with Organizations and Career professionals to achieve their optimal performance.

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Gusti is also a licensed Real Estate Broker with Keller Williams Greater Seattle in Washington State looking to help you buy and sell smart.

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