How Brokers can help clients with New Year's resolution


While there’s nothing wrong with resolving to join a gym in the New Year, brokers can help their clients develop some financial strength and agility. To do that, says Frances Hinojosa, a mortgage broker and managing partner at Tribe Financial, creating a household budget is of the utmost importance. While nobody enjoys the monotonous process of budgeting their finances, saving a few dollars here and there can go a long way towards exemplary mortgage payments. “Everyone hates creating a budget—even I hate creating a budget—but I do it every year,” she said. “Figure out what you have to spend and then look at what you’re wanting to spend, and then create a budget. Even if you can squeeze out a few dollars per month from your budget, you can save thousands in prepayments towards your mortgage.”

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