A stress-free mortgage may be something of an el Dorado for most homeowners, but there are ways to better orchestrate the process, ensuring more clarity and a measured approach. Taking that measured approach to your financing can begin in a lot of ways. For some, it begins when pressure sets in. For others; it simply requires a new perspective. Either way, thinking of your mortgage as part of a balanced, partitioned financial life is a good starting point down your path to a holistic experience.
Begin with a big picture session. Sit down with your financial advisor, spouse, or anyone involved in the potential process with you. Work against isolating the mortgage and instead examine it as part of your larger combined goals. Take new angles and represent things in ways that you might not normally. Use charts and spreadsheets. And always: focus on the whole picture. Which goals deserve attention? Where is stress being misapplied? Are there resources being misunderstood or used impractically?
Taking a team approach is a large part of what is commonly thought of as a holistic or zen approach to financing. Spreading out the range of opinions allows for flexibility where you wouldn’t notice it on your own. A team can also help structure and reduce the amount of stress that goes into the project. Finally, you’ll feel less trapped inside the timeframe of your particular situation when you hear the anecdotal advice of people with the hindsight to clarify things.
Key points of entering a holistic mortgage experience include:
- Establishing market knowledge. Look into your options as you consider a broker.
- Measure your financial habits in fresh ways; access new opinions on where stress points are.
- Learn the value of strategizing according to your goals – as re-evaluated.
- Discover a hands-on approach to risk management, including understanding how banks manage mortgage risk.
- See where a professional broker can make your mortgage experience the personalized situation that you hope for.
Build your mortgage zen by developing strategies that support you as you organize and separate stress sources; keeping them manageable. By keeping track of your decisions and motivations you can identify patterns in your own behaviour. Outside opinions will help you weigh out each parcel of decisions facing you. And re-analyzing your goals is never a poor use of time – regardless of the situation.
As you plan and prepare, take notice of signals that you’ve been ignoring. Observe behaviour and try to understand the marketplace with as much variety of input as you’re comfortable with. As your financial goals become clearer and your understanding of mortgage options grows; you’ll find yourself in an excellent position to find out where a professional mortgage broker can start you down the road.
A holistic approach to your mortgage, like any effective structure for thinking and planning, involves combining a number of resources and attitudes. As you develop these skills and perspectives you’ll find an overall strategy forming that’s both specific to you and indicative of the broader holistic discipline.
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