Facing financial change during the holidays can be stressful, but alternatives like foreclosure, and short sales can protect your home and future financial health.

Is your financial situation putting a damper on your holiday spirit? As we approach Thanksgiving, Christmas, and the New Year, many folks face unexpected financial changes. 

Some companies have made layoffs, and the stock market hasn’t been easy to watch. You might be doing okay, but what if someone you care about is struggling? They may not be speaking up about it because they’re not sure what options are available.

Here are some insights that might help if you or someone you know needs financial help this season:

Consultation is key. Having a conversation with a knowledgeable advisor can open doors. While foreclosure is the worst-case scenario, there are many alternatives that can protect both where someone lives now and their financial health for the future.

Consider short sales. We work closely with professionals who specialize in short sales and who can help with refinancing options to make monthly payments more manageable. It’s easy to focus on the negatives, but there are always solutions.

“You have more choices than you realize when money gets tight.”

Take a moment to think about whether you’ve heard someone express concerns about their housing situation. In South Florida, it’s a bustling market, and everyone talks about people moving in from New York and New Jersey, but that booming situation doesn’t apply to everyone. Your friends and family may have needs that are quite different.

Other mortgage options. There are possibilities beyond the traditional 30-year fixed mortgage. For example, people are talking about a “50-year mortgage,” or even a 40-year option. Some buyers can qualify through:

● interest-only programs
● bank statement loans
● asset-based mortgages
● 1099-based income

That said, there are more options out there than most homeowners realize.

We’re not just here to list and sell homes. We’re here to guide you through your entire home journey, especially when money feels tight or stressful.

If you or someone you know needs someone to talk to, we’re here. Call us at (561) 843-4464 or email dankarp@kw.com or laurie@activeluxury.com. We’ll help get you connected to the right experts and support you through the process.

In the meantime, we hope you have a wonderful holiday season.