Emotion and Stress Lead to Poor Financial Decisions

Refinancing Home Mortgages:
Emotion tells us to take the lower interest rate no matter what, while logic says to weigh the cost versus the actual savings. Look at how much it will cost to refinance and how long it will take to recover the cost. If it will take three years to make it up and you’re planning to stay in your home for 10 years, then it’s a no brainer.
Sometimes knowing the facts isn’t enough when we are emotionally close to the decision. Two additional ideas to help consumers get past the fear and emotion are:
-Create a financial plan or revisit the one you have.-Schedule an appointment with a trusted advisor.
“Even in a difficult economy, people with a financial plan through a financial advisor report greater confidence in their ability to retire comfortably, greater financial security on a day-to-day basis and they report feeling less financially stretched,” said Spiker. “Households with a financial plan have greater comfort with their levels of savings and personal debt, providing greater confidence when facing the uncertain outlook for 2009.”
Consumers are faced with a number of difficult financial decisions right now. Now, more than ever, they can benefit from the support of an educated and trusted advisor who can help them replace fear with fact and emotion with logic as they navigate their financial futures.

I Pull Out All The Stops To Sell Your Home
Lonnie Snyder
REALTOR®
Keller Williams Realty Southeast Sound
Phone: 206-406-2710
Email: snyder@kw.com
Website: http://www.callsnyder.com/
Blogsite: http://renton-real-estate.blogspot.com/
Lonnie Snyder is a full time real estate agent and REALTOR® with Keller Williams Realty specializing in Residential Real Estate for buyers and sellers in Washington’s Kent, Renton, Newcastle and South Bellevue.Oh, By The Way. . . . . I AM NEVER TOO BUSY FOR REFERRALS.