Don't wait until it's too late

No-Interest Credit Lines Save Peace of Mind

Everyone's familiar with the age-old adage concerning the need to save for a rainy day. But have you ever considered how easy it is to borrow for a rainy day?

There's a perception abound that interest rates are sky-high and that the housing market is badly in decline. I wish I could say I didn't know how such perceptions are born, but it's clear for all to witness – mass media.

A little information in the hands of unreliable sources can be a dangerous thing. Interest rates remain far below historical levels while the housing market, compromised to a small degree by ill-advised loans and foreclosures in certain areas, remains strong. The housing market is simply not engaged at the moment in the hyper-growth cycle that it was several years ago.

Instead of talking about doom and gloom – media is more apt to latch onto catchy phrases than to facts – it would be more beneficial to discuss the wisdom of obtaining a line of credit, particularly a line you only pay interest on when you use.

You don't need a line of credit at this time? Glad you mentioned that. Here is exactly why you should establish one:

In all of my 15 years of experience, people have traditionally looked for money when it is most difficult to secure. When they need it, they can't get it. Haste has never made for a healthy borrowing environment.

Don't wait until it is too late. Establish a line of credit today and use it only when you have to, for tuition, for a new family member, to help navigate a new employment situation or small business, whatever the need. What if you find the ideal residential, second home or investment property and need to act quickly upon it? What if there is a medical emergency or if your credit card debt is unmanageable? If you have a credit line in place, there's no such thing as an emergency. Peace of mind will serve you well.

I would be happy to appraise and discuss any borrowing needs you may have.

Kindest regards,

Patty Stout