Year-End Homeowner Check-In: A Few Smart Things to Do Before the New Year

As the year winds down, it’s a great time to check in on a few important homeownership items that can save you money, reduce future stress, and help you start the new year on the right foot. Here are a few things we encourage our clients to review before year-end:

 Review Your Homeowners Insurance

Have you looked at your insurance premium recently? Rates and coverage needs can change, and a quick review with your insurance agent could uncover savings or ensure your coverage still fits your home’s value.

 Check Your Equity & PMI

If you’ve owned your home for a bit, you may have built up more equity than you realize—especially with appreciation over the past few years. If you think you’re close to (or above) 20% equity, reach out to your lender to see if you qualify to have PMI removed. That can mean real monthly savings!

 Watch for Year-End Loan & Tax Documents

Your lender will be sending important year-end documents, including your mortgage interest statement. Be sure to keep these for tax time.

 First Year in Your New Home?

If this was your first year owning a home, there’s a little extra homework—but it’s worth it! Be sure to provide your tax advisor with:

• Your closing disclosure / settlement statement
• Your mortgage interest statements
  
  

There may be deductions available that you don’t want to miss.

 From Our Team to You

For clients who closed in 2025, we’ll be sending updated copies of your settlement statements near year-end for easy reference—so keep an eye out for those!

As always, we’re here to help. If you have questions about equity, value, or next steps as you plan for the new year, don’t hesitate to reach out. We’re grateful to be part of your homeownership journey and look forward to supporting you in the year ahead.