It’s getting tough out there for first-time homebuyers. • Interest rates are ticking up. According to Freddie Mac, the 30-year average mortgage was just over 5% as of 4/28/22, up from the low of 2.65% in January 2021. • The annual inflation rate was 8.5%...
“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 5-17-22 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How: Zoom Meeting, Free to ongoing clients; $10 for guests Email: Info@mainstreetplanning to get a copy Home Buying...
Clients often ask us whether they should rent or buy their home, however, it is not a black-and-white answer and depends on everyone’s circumstances. Here are a few pros and cons to consider when deciding between renting or buying a home. Buying a home Pro...
“MainStreet Chalk Talk” The MainStreet Financial Planning Discussion Club When: Tuesday 8-15-23 at 7:30pm Eastern; 4:30pm Pacific ~30-45 minutes Recorded and able to retrieve for one week How: Zoom Meeting, Free to current clients; $10 for guests Email us for the recording! Renting vs. Buying...
Navigating the home buying process can be stressful, and in these unprecedented times, it can be downright scary. It’s important to give yourself the best possible tools to succeed in securing your dream home. Here are some simple tips to put yourself ahead of the...
Condo insurance is designed to cover what your condo association’s master policy won’t. Here are 5 things to consider when buying insurance for your condo. 1. Find out what the Homeowner Association’s (HOA) policy covers. As a condo owner, your HOA collects monthly dues that...
Inflation can be a silent budget killer. It causes everything to go up, from your groceries to your gas, as the purchasing power of money decreases. Try these tips to hold onto more of your money. Get organized and plan ahead – Meal planning is...
Inflation, supply chain issues, labor shortages, and an uptick in natural disasters are all contributing to the rise in the cost of home construction and repairs. Without sufficient insurance coverage, a homeowner is at risk of having to pay out of pocket to rebuild their...
If you purchased a home last year, your income tax return may look different this year. Here is an introduction to what you need to know as a new homeowner filing your income taxes for the first time after your purchase. Basics of itemized vs....
Being a first-time home buyer can feel scary and exhilarating all at the same time. It’s important you approach this major life decision with a plan (and a back-up plan). Here are 10 tips to guide you through being a first-time homebuyer. Think about why...