If you’ve been paying attention to the real estate market, you know it’s been quite the rollercoaster in 2020, especially for first time buyers. While lower than normal interest rates have been a great advantage, there have been a few speed bumps along the way.Continue reading “Current Home Buyer Struggles – What First Time Buyers Need to Know”
Student loan debt is a very hot topic. With borrowers owing a combined total of federal student loan debt that is nearing a trillion dollars. One in five adults currently has student loan debt and we don’t see college tuition dropping in the near future.
Repaying your student loans can be daunting, especially if you have over six figures of debt, like many new college graduates.Continue reading “Student Loans and the WORST Ways to Pay them Off”
When it comes to saving money, especially for your future, it can be hard to decide where to put that money to get the best bang for your buck. If you have loans, like a mortgage, you might consider an early pay-off. What feels better than being debt free, right? But building wealth can be tricky.
When it comes to saving money, interest rates rule the world. You want your money to earn more than it would cost you elsewhere. So, if your rate of return on investing is more than you would save in paying down interest, then investing would earn you more money and be a smarter option. However, if your mortgage interest rate is higher than your rate of return on investing, then you would save more money by paying down aggressively on your mortgage instead.Continue reading “Savings and Retirement Tips: Pay off your Mortgage Early or Invest?”
If you’ve ever been a part of a Municipal government – in leadership, city council, Board of Ed or a finance committee you will completely understand how daunting money management can be. Not only are you dealing with budgets and all the pressure that goes along with creating the right one, hoping it gets approved and makes everyone happy (or the majority at least), but you also need to make sound decisions when it comes to your investments and portfolio management.Continue reading “Municipal Money Market Accounts – why they make sense”
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”