How to get over anxiety about your mortgage and take action

How to get over your mortgage anxiety

Do you have anxiety about your mortgage? Here are some common sources of anxiety.

“My rate is going to adjust but I don’t know exactly when or what to do.”

If you have an adjustable rate product, it can be hard to tell when your rate is scheduled to adjust, and when it does, how this will affect your payments. No, it isn’t just you. Most people with adjustable mortgages don’t have the answers and they are similarly confused and nervous.

“I can’t afford my mortgage payment.”

Maybe you’ve just experienced a drop in income or a major, ongoing expense. It happens to the best of us and is incredibly stressful if you are trying to make your mortgage payments. You might be wondering, what can I do? Is there a way I can lower my payment or shift into a different product or term that would reduce my payment?

“I think I might be paying too much and think I should be trying to get a better rate.”

Whenever rates go down even just a little, it feels like we are bombarded with advertising from banks saying its a good time to refinance. But how can you tell? It can be confusing and you may have anxiety about whether you are paying too much, but don’t want to go through the stress of a refinance without knowing for sure.

“I don’t want to show my financial information to a loan officer.”

It can be stressful to give over your most private financial information to a virtual stranger – items like tax returns, alimony payment information, and other debt information. It’s sad that revealing your most private financial information is often the only way that people can see if they should move into a better product for themselves. It often delays people from making a move, when they could have saved money.

Don’t let anxiety prevent you from finding out if you could benefit from a better rate, different product, or in understanding your current mortgage better. That’s what we are here for!

We wrote a book just for you: Avoid The Money Pit, Turn Your Home Into A Financial Powerhouse. It shows you step by step how to figure out what the best option is for your long and short term financial goals and even helps you negotiate any offer.

Download a free chapter here.