(480) 656-5751 michael.faulkner@apmortgage.com
Lending in CA and AZ only
Lending in CA and AZ only

I enjoy this time of year. The beginning of a new calendar year means the beginning or renewal of your GOALS.

Whether you’re trying to continue your path of healthy living, or, you’re determined to finally set down some roots and purchase real estate in Arizona, 2019 could be very busy for you. And that’s good! It means you’re working hard to establish or reestablish your life goals.

As a mortgage educator, I like to share as much information as I can to help my clients reach their dreams. What I like to say is that this is all a process. The important part is to be methodical and strategic about goals, especially as it pertains to your finances.

If you want to succeed, and I know you can, this is what you must understand: Establish your goals TODAY by reviewing your finances. No matter how close or how far you think you are from achieving what you’ve set out to do, it’s vital to take an audit and carefully go over your financial statements.

Not sure what to look for? Here are some broad categories for guidance.

Cash Flow 

If you currently own property and it’s a source of income, it’s important to see how the cash flow and associated expenses are measuring up. Take a close look at your cash flow and ensure that it’s at a level you’ve planned on. If anything has changed, carefully examine why your own projections went unmet.

Your Expenses 

In an age of seemingly infinite online subscriptions, now is a good time to look at your recurring expenses. Have your rates gone up? Are you using all the services you paid for? Can you negotiate a lower rate? These are just some of the questions you ought to ask yourself about your expenses, whether it’s a monthly subscription to Netflix or something more significant.

Are You Solvent? 

This is not only a business term as it applies to everyday life. When you project your long-term goals, you’ll need to remain solvent to achieve them. Evaluate in-coming and out-going cash and see if it’s sustainable over the long-run. By starting your planning early, there really isn’t anything you cannot achieve.

If you have any questions about finances and preparing yourself to purchase real estate in and around the Phoenix market, don’t hesitate to reach out!

The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.

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