There is definitely a great deal to discuss on the current housing market. Despite the volatility and higher interest rates, many of you are still in the market to purchase a new home. Whether you’re a first time home buyer or you are upgrading from your “starter” home, there are many tips you can implement…
Purchasing your first home is an amazing accomplishment and a big milestone in your life. That being said, oftentimes, most first-time home buyers face many difficulties and even make mistakes. We want to discuss common mistakes that these first-time homebuyers make and how you can learn from them. Not Thinking About Home Ownership Costs While…
Being your own boss is a great feeling with many benefits, but those benefits do not include a fast track to a great mortgage. Gone are the days of the easy mortgages, the no-income-verification loans, and The Big Short. In fact, qualifying for a mortgage may rank as one of the biggest challenges you face…
With tax day fast approaching, many people are counting on receiving a big check back from the Government. While you’re probably looking forward to this windfall, there are reasons why you may wish to minimize your end-of-year refund. Why Big Refunds are Bad Taxes are refunded to you when the Government takes too much of…
As we follow up on our previous blog regarding the skyrocketing 30-year treasury yield, we are seeing its impacts on mortgage rates. Last week, the 30-year treasury yield hit its highest level in a year, before the coronavirus pandemic began. As this yield has risen, we have seen subsequent increase in the 30-year fixed-rate mortgage…
Due to tremendous economic aid, interest rates, particularly the 10-year treasury yield, has skyrocketed back up towards where it was a year ago around 1.2%, prior to the coronavirus pandemic. We have been following this rate quite closely on our instagram handle, @shermanwealth, as we recorded it last week hitting 1.6%. Of course this spike…
Raising a child in today’s world can cost hundreds of thousands of dollars. As a parent of four children ranging from ages 5 to 16, I can attest to just how expensive kids can be. Besides just the essentials like food and clothes, there are club teams, tutors, dance lessons and so much more. With…
This past weekend my family has made the move into a new home, which needless to say, has been a chaotic process. It really got me thinking, though, about real estate/home ownership and how it fits into client portfolios and their financial plans. The mantra of the middle class is buy a home. But is…