NJ Mortgage Lender Suggests Strategies to Jumpstart Financial Security
by Lawrence Montani, GMH Mortgage Services LLC
NJ mortgage banking firm advises clients to view their mortgage as an important component of their overall financial picture.
Shrewsbury, NJ, June 5, 2008 - If you've put off saving for retirement or your child's college education, the time to start is now, says Lawrence Montani of GMH Mortgage Services LLC, one of Monmouth County, NJ's leading mortgage lenders.
Thanks to the magic of compounding, even procrastinators can make their money grow - and find ways to leverage their financial position for maximum return. But where to find the money to save?
Montani suggests cutting the small daily expenses that rapidly add up - from expensive coffee to eating lunch out - and try using cash instead of credit cards.
Despite the softening U.S. real estate market, tapping home equity might also be a viable option for increasing savings. Says Montani, "When you consider that individuals over the age of 50 can contribute over $20,000 per year to a 401k account, it could make sense to leverage your home equity for this purpose."
The same advice goes for new home buyers. Montani counsels clients to look at their "big picture" financial goals, rather than viewing a mortgage as a stand-alone decision. "Contrary to most people's thinking, the largest possible downpayment is not always the wisest course of action. It's a matter of allocating funds for the best possible return to achieve your personal financial goals."
Every situation is different, so talk to a financial professional who can help you explore your options. "You can't roll back the clock," says Montani, "but you can take steps now that will make a substantial difference later on."
GMH Mortgage Services LLC and Team Montani lead the way as one of New Jersey's most respected mortgage bankers, with more than 80% of its loans written for repeat customers and the friends and family they refer. Team Montani is known for its refreshingly different approach to mortgages - combining experience with responsiveness to eliminate much of the stress generally associated with the mortgage process.
Lawrence Montani is a member of Team Montani at GMH Mortgage Services LLC. Reach him at (732) 389-9898 ext. 114 or www.teammontani.com.
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