A Call to ARMs...

There are almost $2 Trillion worth of adjustable rate mortgages that are coming due now and in the near future. This could have a major impact on a household's monthly budget. In some cases it will put a household over the edge. It's no fun living for your home. The last you want is to have ever extra dollar you get going to keep up with the bills. So, what should you do?

First, gather up your mortgage paperwork and all of your other bills(car loans, student loans, credit cards,etc.). If you have a written out budget, have that handy. This is the information you need to make sure we would put together a financially sound new plan.

Second, call to set up an appointment with me at 414-453-7620. If you fax the information to me ahead of time, at 414-453-9035, it will give me a head start in having a plan put together. You can also email the information to kevinkowalke@aol.com.

Third, have an idea of what the value of your home is. This will make it easier to figure out what options will be available.

Finally, when you come in for your appointment, we will discuss what strategy we will take to make sure we have you in the best financial position possible. It's that easy.

I encourage you to send this segment to anyone you know who is in a situation where their mortgage is adjusting. Everyone needs to have a plan for the here and now but also for the near future.

Don't hesitate to call, fax or email your questions. Remember, information is power. Until next time...