Financial Facts: Home buying and heart attacks |

Financial Facts: Home buying and heart attacks

Bob Kieber
Special to the Daily

Either one can and may cause chest pain, shortness of breath and take the weight out of your pocketbook but neither of them needs to be fatal. By this I mean that by using all the technology available to you today you can get through both and coming out smarter and in the long term healthier.

When you are buying a home, especially your first home, you may run through all of these symptoms, uncertainty, denial, sleeplessness, dry mouth, chest pain and the total feeling of helplessness. And the same occurs with a heart attack. So why do so many people buy homes and live to tell about it? Simple, with all the help available to you today you too can experience the wonderful feelings of home buying.

Now I am not advocating that you have a heart attack but think of having a heart attack as a higher form of home buying. Generally in both the onset of chest pain will occur. Your palms will get sweaty and you my just get a little dizzy. So what happens next?

In either situation you should get in touch with the professionals. In the case of a heart attack you get in touch with the medical professionals. They check you out from head to toe. They ask question after question concerning your health history and they order test after test to substantiate their diagnosis. Similar is true when it comes to buying and financing a new home. The mortgage professional will ask question after question as it concerns your personal financial history. They will want to know your financial situation and work history from A to Z. They will order credit reports, appraisals and title insurance to substantiate their diagnosis of your financial status. And hopefully in the case of a heart attack and home buying a workable plan will come to light on how to proceed.

Hopefully in both situations your plan includes a long and productive life but keep in mind that you are the one on the hook for your future, and the future is generally due to your past. If you overindulged on fatty foods or the use of your credit cards it just may be time to pay the piper. Personal health, like personal finances, are due to you and you alone, no one else should take the blame.

So what to do? The first step is to sit down and look at your bankbook and your blood work. It is up to you to determine if you are healthy. Too much cholesterol or too much debt may be a real problem. My advice to you is to get with the professionals as soon as possible to discuss, review and make a plan on both your physical and financial future.

For answers to your mortgage related questions call Bob Kieber are (970) 485-1312 or email him at Bob is a local mortgage lender with Millennium Bank. He has 30-plus years of professional experience in real estate, finance and investments, and is a longtime resident of the High Country

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