How to tell when refinancing your home makes sense

Subscribe To Our Blog

Refinancing your home is a major financial move that could result in some significant savings for you OR it could make your situation worse. There are typically 2 types of refinancing options:

  1. A rate and term refinance with a goal to save money. You refinance your remaining balance for a lower interest rate and a term (number of years it takes to repay the loan) that you can afford.
  2. Cash-out refinancing, where you take out a new mortgage for more than you owe and take the difference in cash, for example, to pay off existing debt.

Continue reading “How to tell when refinancing your home makes sense”

Why your bank wants to see an updated business plan before giving you a business loan

Subscribe To Our Blog

You’ve been in business for years, you’ve got a solid Profit and Loss Statement, so why is your bank asking for an updated business plan before providing you with a loan? Well, to simplify it, even though you’ve known your cousin Sharon for 30+ years, you probably wouldn’t loan her thousands of dollars without asking her what she plans to use it for, how risky a venture it is, and how she plans to pay it back. It’s kind of the same theory. Even though your company isn’t a start-up, you’ve been known in the community for years, there is still a risk for the bank in lending your business the money. Continue reading “Why your bank wants to see an updated business plan before giving you a business loan”

Limiting your credit card balances – How to pay off your credit cards when paying in full isn’t an option

Subscribe To Our Blog

Everyone knows that you shouldn’t rack up credit card debit and you should only charge items/services that you can afford to pay in full when your monthly statement comes in. But for most people, it’s just not feasible. Emergencies happen, unexpected car repairs are needed, the list goes on and one. But maxing out your credit cards can have a sever impact on your credit score. Continue reading “Limiting your credit card balances – How to pay off your credit cards when paying in full isn’t an option”

5 reasons buying your commercial office space makes sense

Subscribe To Our Blog

You’ve probably asked yourself the question “Should I lease, or should I buy” in the past when it came time to get a new car or decide on where you wanted to live. But, it’s also a question to ask yourself if you own your own business. If you’ve been struggling to find a rent that fits your needs, dealt with increased rent year after year, or you’ve outgrown your current space – it may be time to investigate buying your own space. Purchasing commercial real estate is a big step that can have far reaching impacts on your business’ cash flow, balance sheet, and funding options, so it does require some serious thought. If you have the capital, here’s why now is the time to act.

Continue reading “5 reasons buying your commercial office space makes sense”

Your Credit Score – Why you should be checking it often before applying for credit

Subscribe To Our Blog

If you are like most people, you typically don’t think about your credit score until you are getting ready to apply for credit. But more and more places are using your credit background to determine if you are an ideal and responsible candidate. Employers, landlords, and even insurance companies are now using your credit score to qualify you. On many levels, you are defined by your credit score – like it or not! Continue reading “Your Credit Score – Why you should be checking it often before applying for credit”

Finding the right tenant to lease your Commercial Property

Subscribe To Our Blog

There’s really only one reason to buy commercial property – and that’s to make money. So, finding the right business to rent space from you is critical to your investment and your future. Before you hang that For Lease sign there are a few things to consider making sure you get the most bang for your buck! Continue reading “Finding the right tenant to lease your Commercial Property”

Passwords – How often should you really change them?

Subscribe To Our Blog

For as long back as I can remember, I’ve always been told to change my passwords often, don’t use the same password for multiple accounts, make them complex, don’t use a variation of the word “password” and don’t write them down where someone can find them. Sounds like good advice, right? But some people don’t take this advice seriously – but why? Continue reading “Passwords – How often should you really change them?”

How to financially prepare for buying a new home

Subscribe To Our Blog

The home buying season – typically Spring to early Fall – will be upon us shortly, and if you are in the market for a new home – either as a first-time buyer or seasoned veteran – there are some steps you need to take now to financially prepare. Many people get caught up in just finding the right home without doing the legwork needed to ensure a smooth and swift purchase. Here are a few tips to get you ready for those three lovely words – “Clear to Close”. Continue reading “How to financially prepare for buying a new home”

Emergency funds and how much is enough for your family

Subscribe To Our Blog

Emergency fund, rainy day fund, whatever you call it, it’s important to know how much money you should have set aside in case something unexpected happens. While it may be somewhat of a moving target – the golden rule has always been to have at least 3 to 6 months’ worth of expenses saved up – 6 months especially if you have a family. Continue reading “Emergency funds and how much is enough for your family”