Give Your Mortgage an Annual Checkup

Your home loan should be reviewed from time to time—just like any important financial decision. An annual checkup can help you spot new loan programs, changing guidelines, and opportunities that may better support your long-term plans.

Compare our rates here and review financing options that may allow you to replace an adjustable loan with a fixed-term structure for greater stability.

Free Credit Report

Your credit profile plays an important role in qualifying for a home loan and determining your available options. Reviewing your credit each year helps you catch errors, monitor activity, and understand how your current profile may affect future financing.

If your score could be stronger, click How to improve my FICO to see practical ways to build and maintain good credit.

Federal law allows you to request a free credit report each year from the major credit reporting agencies. To request yours, visit:
www.annualcreditreport.com

Is a Fixed-Term Loan Right for You?

How long you plan to stay in your home can help guide your loan selection. Borrowers who plan to move within a shorter time frame may find that hybrid or limited fixed-period loans are worth reviewing, depending on overall goals and comfort with future adjustment risk.

A consultation can help determine whether a fully fixed loan or a fixed-period option makes more sense for your situation.

Are You Paying Private Mortgage Insurance (PMI)?

If your loan includes Private Mortgage Insurance (PMI), a review may determine whether changes in property value, loan balance, or program eligibility could affect it. In some cases, refinancing or restructuring may allow borrowers to remove mortgage insurance or simplify multiple loans into one.

Request a consultation through Get a New Loan Quote to review your options.

Are Your Taxes and Insurance Up to Date?

Even if your mortgage servicer pays property taxes and property insurance through escrow, it is wise to verify from time to time that payments are being made correctly.

You should also review homeowner’s insurance every few years to confirm:

• Coverage reflects recent improvements
• Replacement values are accurate
• Reconstruction coverage keeps pace with rising costs

Do You Have Access to Emergency Funds?

Many homeowners keep a Home Equity Line of Credit (HELOC) in place as a financial safety net. A HELOC provides access to funds when needed, and interest is typically charged only on the amount used.

Having a line of credit established ahead of time can be helpful if an unexpected expense or loss of income occurs.

Are You Making the Most of Your Home Equity?

For some homeowners, equity can be a strategic financial tool—used for consolidating debt, funding improvements, or planning for future needs. Others prefer to preserve access while leaving funds untouched.

A review can help you determine how your equity fits into your overall strategy.

Is It Time to Revisit Your Mortgage?

Changes in life circumstances and loan programs may create opportunities worth reviewing. Some refinance options may offer simplified documentation for qualified borrowers.

A review helps clarify whether making a change aligns with your goals today.