Tuesday, March 2, is Theodor Seuss Geisel’s birthday, known better to millions of readers as Dr. Seuss. Since 1998, the National Education Association has used the day to celebrate its Read Across America initiative to encourage children and teens to read more.  Of course, Dr. Seuss’ books have been a favorite of children and those who read to them for decades. The lessons found inside can apply to countless situations in our daily lives, so we thought we’d share a few that could be particularly helpful for homebuyers and homeowners. 
  1. “If we do not choose, we will end up with none.” 
Shopping for a home can be a considerable challenge. For many, it can be the largest and longest-term commitment they have ever made. Despite the stakes, it’s important not to let the stress of the search derail your ability to make a decision. Remember that nearly every home buyer makes compromises and trust that you can prioritize the features that will significantly impact your satisfaction. 
  1. “It’s not about what it is. It’s about what it can become.”
Similarly, you shouldn’t feel pressure to find the perfect, move-in-ready home since much of homeownership is the process of adapting a property to your lifestyle. Try to focus on how a home might meet your long-term goals, and have the patience to gradually make improvements that will have the most benefit to you and your family. 
  1. “They say I’m old-fashioned, and live in the past, but sometimes I think progress progresses too fast!”
Chasing the latest trends can be an easy way to lose time and money as a homeowner. The colors, floor plans and materials that are in demand today can change quickly. Function and your preferences are much less likely to shift. Rather than trying to keep up with the Joneses, a more open mind about older homes with fewer updates can be a great path to more flexibility and equity. 
  1. “Step with care and great tact, and remember that life’s a great balancing act.”
While it doesn’t come as a surprise to many, balancing priorities is often still a challenge. One of the reasons applying for a mortgage takes time and lots of documentation is that lenders want to be sure you are prepared to do precisely that. The cost of owning a home involves more than just repaying the loan. Be sure you’re budgeting for the added expenses such as furnishings, repairs and maintenance, as well as the other unexpected financial hurdles that can come your way. 
  1. “I’m sorry to say so but, sadly, it’s true that bang-ups and hang-ups can happen to you.”
Nothing in life is guaranteed, and if the past year has proven anything, it’s that circumstances can quickly take a dramatic turn. Fortunately, programs are available to help homeowners navigate hardships that arrive suddenly. The key to utilizing them successfully is communication. If paying your mortgage or other bills is becoming a problem due to job loss or health concerns, contact your lender immediately to discuss your options. Waiting until you are already behind will only add to the time it takes to recover.  Your journey to a mortgage deserves the best lead, so start with a lender who has the answers you need. Visit OpenMortgage.com on your computer or phone, or just give us a call for help with your loan.   
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