If you’re worried about money and whether you’ll be able to save enough for a comfortable retirement, be able to meet your debt obligations, or buy a home and make your mortgage payments, you are not alone.

In this blog, we’ll take a look at how our staff at NHL Lending can help alleviate some of these financial concerns.

Analyzing and Dealing with Your Debt Situation

home loans in Fort LauderdaleIf your current debt levels are what’s causing you to worry, it is best to analyze your debt situation objectively and put in place the appropriate mitigation measures.

The first step is to take a good, hard look at your spending habits. Are there areas in which you can cut back or cut out unnecessary expenses altogether?

Second, deal with debt repayments. Get in touch with your creditors to negotiate a sustainable repayment plan. Defaulting on debt obligations will cause you massive problems that you most certainly do not need.


Putting money aside is a key step towards achieving financial independence and reducing worry about your financial future. However, your ability to save is dependent on both your earnings and spending habits.

There are guidelines on what percentage of money to put aside out of every paycheck you earn and how much to spend. Strictly applying these rules ensures that you have money set aside for things like emergencies, acquiring assets, education, raising children, and even putting a down payment on your mortgage. If in doubt always seek the help of a professional and contact us at NHL Lending.

Buying a House and Meeting Your Mortgage Obligations

Putting a down payment on a home and meeting your monthly mortgage obligations is dependent on a number of factors.

First, you must secure a stable source of income which might mean taking on more than one job. Second, take care of your credit score by always meeting your debt obligations. Third, ensure that your debt-to-income ratio is strong and above 44%.

Also, set money aside every paycheck towards your down payment, and finally contact our friendly and professional staff here at NHL Lending to inquire about home loans in Fort Lauderdale. Together we can discuss the path towards owning a home through a sustainable mortgage arrangement.

home loans in Fort Lauderdale

Financial Literacy

It is important to understand the financial implications of the decisions you make earlier in life.

One step towards taking charge of your financial destiny is by educating yourself on things like managing debt responsibly, budgeting, planning for retirement, and what percentage of your income you should save and what percentage you should dedicate towards debt. You can also consult with our team at NHL Lending for further guidance.

Income During Retirement

If you are over the age of 65, rather than going into full retirement, you can take on part-time jobs and consulting gigs that are flexible and not too demanding. This can be a solution to get additional income without fully relying on your retirement savings

Being able to meet your health care costs and potential lifestyle expenses during retirement can be a cause of stress for many people in this age group.  Deferred income annuities in target-date funds can be used as potential investments in your retirement plan.

These annuities will disburse payments to you upon retirement or at a target date. They offer you a guaranteed revenue stream during your retirement, and you don’t have to worry about driving down your expenditures and living more conservatively when you retire.

Social Security

You can accrue additional retirement funds by delaying your claim on your social security, but you can only do this by having a supplemental source of income. Getting these additional dollars is dependent on implementing some of the steps discussed above like taking on part-time employment and having other savings.

How We Can Help

If you are worried about money, affording a home, and meeting your mortgage obligations during retirement, please give us a call or visit us at NHL Lending and our team of professionals will get you started on your journey.