Use Your New Year’s Resolution to Achieve Your 2024 Homeownership Goals
As the calendar turns to 2024, new year’s resolutions move closer to the forefront of our thoughts and conversations. In fact, over 37% of U.S. Adults started 2023 with a goal or resolution they wanted to accomplish, according to a December 2022 YouGov study.
If you’re here, your 2024 goal is likely based around purchasing, upgrading, or paying down a home. We’ve got you covered with some potential resolutions to follow, helpful tips, and things to know no matter what goal you have for your living space this year.
Looking to Purchase a New Home in 2024?
If your goal in 2024 is to purchase a home, Guardian Mortgage has you covered with the information and resources you need to achieve your goal.
- New Home Resolution: Save, Save, Save
- Ensuring your finances are in order is the first and most crucial to the homeownership process. Sometimes, it takes discipline, commitment, and patience to ensure you have enough money set aside for all the expenses that come along with your home purchase. Everyone is familiar with the down payment, but you need to be prepared to pay other expenses such as inspections and closing costs as well.
- Suggested Reading: First Time Homebuyer’s Steps to Success
- Tool: Home Affordability Calculator
- Ensuring your finances are in order is the first and most crucial to the homeownership process. Sometimes, it takes discipline, commitment, and patience to ensure you have enough money set aside for all the expenses that come along with your home purchase. Everyone is familiar with the down payment, but you need to be prepared to pay other expenses such as inspections and closing costs as well.
Does Your Current Home Just Need Some Extra Attention this Year?
We understand that not everyone is looking for a new home this year, so if you’re just looking for ways to make your current home better, we’ve got a resolution for you.
- Home Improvement Resolution: Identify High Value Upgrades/Renovations Your Home Needs First
- Of course, we all want a “better” home. Whether it’s for space, comfort, function, or value, many people are looking for ways to improve their living spaces. The best approach here is to identify the most valuable upgrades that your home can use and choose which ones you would appreciate the most. Not all upgrades are created equal, so if you’re going to put the time, work, and money into it anyways, you might as well make it work for you as much as possible.
- Suggested Reading: Tips to Maximize the Sale of Your Home
- More Suggested Reading: Improve Your Home’s Resale Value
- Of course, we all want a “better” home. Whether it’s for space, comfort, function, or value, many people are looking for ways to improve their living spaces. The best approach here is to identify the most valuable upgrades that your home can use and choose which ones you would appreciate the most. Not all upgrades are created equal, so if you’re going to put the time, work, and money into it anyways, you might as well make it work for you as much as possible.
Do You Want to Pay Off Your Current Home Faster?
You might already have a mortgage that you’ve been paying, but you’re looking to pay it off sooner. Whether that’s because you want to purchase again soon or you just want to move closer to being the sole owner of your property, we’ve got a resolution you can follow to help you move closer to payoff in 2024.
- Early Payoff Resolution: Set a Target Payoff Date and Plan Accordingly to Reach It
- This may seem like a simple resolution, but the fact of the matter is that awareness and planning are the most important steps you can take to pay off your mortgage before the term is up. Interest and payments change your mortgage payoff outlook on a regular basis, so it’s important to have a snapshot of where you are and where you want to go when beginning this process. Understanding how much you have remaining on your mortgage, and when you want to have it paid off by can help you set savings goals and use tools like our payoff calculator as well.
- Suggested Reading: How to Pay Off Your Mortgage Faster (U.S. News & World Report)
- Tool: Mortgage Payoff Calculator
- This may seem like a simple resolution, but the fact of the matter is that awareness and planning are the most important steps you can take to pay off your mortgage before the term is up. Interest and payments change your mortgage payoff outlook on a regular basis, so it’s important to have a snapshot of where you are and where you want to go when beginning this process. Understanding how much you have remaining on your mortgage, and when you want to have it paid off by can help you set savings goals and use tools like our payoff calculator as well.
Guardian Mortgage is Your Homeownership Resource at the Beginning of the Year and Beyond
New Year’s resolutions keep a lot of these things fresh in our minds this time of year, but Guardian Mortgage is helping customers achieve homeownership and reach other mortgage goals daily. Our team is here to help you at every step in your journey. So, no matter if it’s “resolution season” or any other time of year, contact our mortgage representatives for assistance or apply for your mortgage online.