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Let’s Be Human2019-07-09T18:41:24+00:00

So many times when we think of wellness we exclude our day to day responsibilities, as if they don’t play into the picture – but here, I wanted to embrace them as one of my three pillars to creating a happy, healthy life. Ultimately, we are all striving for balance and part of that is knowing how to balance our busy lifestyle and even balance our checkbook.

As a Loan Consultant, I work with people every day guiding them through one of the biggest purchases they will ever make, but such a big purchase depends on how we manage our money in our day to day life. It really comes down to the small stuff.

In this section of my website, I wanted to feature pertinent articles about task management, organization and financial wellness. Instead of separating this as just something we do to get by, let’s bring some of that intentional thinking into our responsibilities and obligations.

Letting our wellness bleed into our responsibilities and transforming responsibilities into choices is truly an evolved way of thinking and can free us from the grind. It’s a practice, just like everything else and we can do it together.

Record Low Interest Rates

By Angie Cherry

According to MBS Highway CEO Barry Habib, we are going to see the lowest rates we have ever seen. Right now, many home finance companies are hitting record highs with refinances. Consumers are lining up to lower their interest rate, which in turn, lowers their monthly payment and overall cost of their loan. However, some people may not realize just how beneficial a refinance can be. Here’s two things you may not have thought of when considering whether or not to pull the trigger…

1. Do you have a Mortgage Insurance Premium? When you purchased your home, if you didn’t have 20% down or if you got an FHA loan, you most likely have Mortgage Insurance that is part of your mortgage payment every month. If so, refinancing out of FHA into a Conventional product or taking advantage of the additional equity you have built up could get you out of that additional cost every month and save you hundreds of dollars!

2. Do you have credit card debt, a pesky student loan that never gets paid off or other high interest expenses every month? Home values have risen, which in many cases still holds people back from purchasing. However, when you own your home, the increase in value can actually work to your advantage in a refinance situation. By refinancing at a lower rate, you may be able to keep about the same monthly payment and pay off high interest debt through your refinance. This might not save you monthly on your mortgage payment, but it will save you significantly in your overall interest costs and give you one easy payment to manage per month.

Whether or not you decide to get on board with a refinance, capitalizing on the money and assets you have is an important thing to understand. Stay educated on what you have and know how to take advantage of the market conditions to make your money work harder for you, because you work hard for your money!

**It is my goal to continue to elevate our ability to be well in all aspects of our life. If you have an article you would like to submit for our “Let’s Be Human” section on finance, home care, DIY projects, budgeting or organization, please email it to angie@angiecherry.com.**

This book is about connecting finances and marital bliss in a no nonsense kind of way. Manisha Thakor was one of my instructors at the Institute of Integrative Nutrition and she is brilliant. I highly recommend any of her books, her podcast and her courses.

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