Check Up on Your Homeownership Goals This Summer

Summer is here, and we’re now midway through the year. That means it’s a great time to take a step back and assess your homeownership and financial goals. Whether you’re settled into your forever home or thinking about your next move, a mid-year checkup can help ensure you’re on track and making the most of your opportunities.

Here are a few key questions to ask yourself:

Are your housing needs changing?

Whether you’re looking to upsize, downsize, or relocate, a change in your housing wants or needs may signal it’s time to start planning your next home purchase. Life transitions, family requirements, or a new job assignment can all signal it’s time to make a move.

Should you tap into your home equity?

If you’re carrying high-interest debt, paying for college tuition, or looking to cover other large expenses, you may be able to convert some of your home equity into cash with the right mortgage solution.

Could your home benefit from renovations?

Thinking about remodeling your kitchen, finishing the basement, or making other upgrades, repairs, or expansions? Mortgage options like renovation loans or home equity solutions can help you fund your project and invest in your home’s value, function, and comfort.

Are you dreaming of a second home?

Vacations are extra special with your own private getaway—like a cabin, beach house, or mountain retreat. With the right financing, buying and owning a vacation home may be more affordable than you think.

Is it time to refinance your home?

If your current mortgage no longer fits your needs, refinancing might help you lower your monthly payment, eliminate mortgage insurance, or obtain other benefits.

Final thoughts

Even if the best homeownership strategy for you is the one you already have, a mid-year assessment can be a great chance to check up on your home equity, credit health, and progress toward your other goals.

As the official mortgage provider of the IAFF, The Money Store is here to help with expert advice and exclusive benefits for IAFF members. To schedule your complimentary homeownership checkup with one of our IAFF specialists, just contact us.

The Money Store provides home financing for properties within the United States only.