Tamar Hermes – Six Signs You Are Refinancing for the Wrong Reasons

Tamar Hermes is a Wealth Coach of Wealth Warrior Woman International and we discuss her six ways in which we may refinance our mortgage for the wrong reasons in an effort to stay focused on wealth building through investment real estate.

Discussion of Refinancing for the Wrong Reasons :

1 Tell us about yourself and your background
2 Let’s start with the simple stuff – what are the benefits of refinancing?
So much of today’s conversation is around wealth building and avoiding the distractions that come with it.
3 Let’s talk about the six ways in which we might refinance but get caught up for the wrong reasons :
1. Love of shiny objects
2. You don’t know the difference between good and bad debt.
3. Your focus is on one great day instead of a financially free life.
4. Investing in a “new business idea” that will make you a ton of money.
5. Redecorating your home for the wrong reasons.
6. Taking risks you can not afford because interest rates are too low.
4 Any recommendations for what we should be asking ourselves to tell if we are refinancing for the right reasons?
5 What changes have you seen in refinancing in a somewhat post-Covid environment?
6 Do you have any rules of thumb about how much is too much equity not being put back to work in an investment property?
7 What are the best ways for listeners to reach out to you?

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CHECKOUT OUR PODCAST EPISODE WITH

DAVID PERE ON SIX WAYS TO GET YOUR REAL ESTATE OFFER ACCEPTED