Category Archives: Blind Spot 1: Developing a Plan

The Third Step in Borrowing SMART

I always explain to new clients that there are two conversations we must have: What CAN you do? Then, what SHOULD you do? In this third step, this means first discussing what you CAN borrow.  Or put another way, finding … Continue reading

Posted in Blind Spot 1: Developing a Plan, Blind Spot 2: Increasing Fiscal Literacy, Uncategorized | Leave a comment

The Second Step to Borrowing SMART

Once you are clear on the First step to making SMART borrowing decisions when it comes to financing your home, it is time to learn the second step:  PAYMENT. Put as a financial planning question, it means “How do I repay my … Continue reading

Posted in Blind Spot 1: Developing a Plan, Blind Spot 2: Increasing Fiscal Literacy, Uncategorized | Leave a comment

Should You Pay off Your Mortgage Faster?

For nearly two decades now, I have seen too many homeowners paying extra toward their mortgage without first having sufficient cash in the bank to weather unforeseen financial problems or while carrying other high-interest consumer debt.  The hard truth for … Continue reading

Posted in Blind Spot 1: Developing a Plan, Blind Spot 3: Storing Money Efficiently, Uncategorized | Leave a comment

Saving for Retirement and College

It’s that time.  June… a lot of folks are getting ready to send their high school graduates off to college.  If you plan to pay for your child’s college education, how can you possibly save for retirement and your child’s college … Continue reading

Posted in Blind Spot 1: Developing a Plan, Blind Spot 2: Increasing Fiscal Literacy, Uncategorized | Leave a comment

The Surprising Reasons People Refinance Their Mortgages

  A recent study of homeowners who have refinanced their mortgages shed some fascinating results: 78% of those who have refinanced in the past did it for “Life Cycle Factors”, as opposed to just 22% trying to take advantage of … Continue reading

Posted in Blind Spot 1: Developing a Plan, Blind Spot 2: Increasing Fiscal Literacy, Blind Spot 3: Storing Money Efficiently, Uncategorized | Leave a comment

First Step to Borrowing SMART

If you’ve ever met with a trusted Financial Advisor, one of their favorite questions is, “What is your risk tolerance?”  It just so happens that this is also where we begin our strategic planning and advice for homeowners when using … Continue reading

Posted in Blind Spot 1: Developing a Plan, Uncategorized | Leave a comment

A Fable About Refinancing

Diane walked into the house, setting down her things in the kitchen after a long day at work.  “Did you hear that rates have dropped?  Should we be looking into refinancing?” Her husband Jack replied, “Yes, I did.  Some people … Continue reading

Posted in Blind Spot 1: Developing a Plan, Uncategorized | Tagged , , , , , , , | Leave a comment

The Art of Money: The Three Options With Every Dollar

With every dollar you have, there are only three things you can do with it:      1. Spend it      2. Save it      3. Pay down Debt with it This applies to really any amount of money … Continue reading

Posted in Blind Spot 1: Developing a Plan, Blind Spot 3: Storing Money Efficiently, Uncategorized | Tagged , , , , , , , , , , , , , , , | Leave a comment

The 3-Legged Stool

Whenever I am conducting a consultation with a new home buyer, I like to introduce what I call, the “3-Legged Stool”.  This becomes a crucial thinking tool for making smart home buying and investment decisions as it relates to your … Continue reading

Posted in Blind Spot 1: Developing a Plan, Uncategorized | Tagged , , , , , , , , , , , , | Leave a comment

Did You Know that Appraisers are Monitored?

Did you know that appraisers are monitored by FNMA? Today, I’d like to highlight the plight of the appraisal world.  An appraisal is used to judge the property’s acceptability for the mortgage loan requested in view of its value and marketability. … Continue reading

Posted in Blind Spot 1: Developing a Plan, Uncategorized | Tagged , , , , , | Leave a comment