What Do Plunging Mortgage Rates Mean
Mortgage Rates Plunge…Opportunity?
As fears of a recession grow due primarily to trade-war concerns, home mortgage rates have followed the 10-year treasury rates down…to their lowest levels in three years. Here’s a quick review of current rates (source: Freddie Mac 9/5/19): 30-year conventional mortgage: 3.49% 15-year conventional mortgage: 3.00% What’s even more surprising is that non-conventional ‘jumbo’ mortgage […]
Financial Checklist for New Parents
The New Parent Financial Checklist!
Becoming a parent is an exhilarating experience, but also comes with a great deal of responsibility! On August 2, 2019, my wife and I welcomed our second child, Jones Carson Clay, to the world, and we feel very blessed. Between helping my wife with various tasks, including diaper changes, feedings, cleaning clothes, etc., my financial […]
Which Equifax Data Breach Payout to Take
Moving vs Remodeling
To Move or Remodel
At its foundation, my job as a wealth manager is to help clients effectively allocate their hard-earned capital. While there are many important decisions along those lines, the decision to remodel an existing home, or move to a new home, is one of the biggest as it can prove costly if not well thought-out. When […]
Secrets to A Perfect Credit Score
My long-time assistant, Roxie, is the master of managing her credit score. This began as a game to her and she wondered if she could ‘manage’ her way to a perfect ‘850’ score. Her Discover card provides (for free) her score each month so she began experimenting with changes to how she handled her finances […]
Financial Protection for Your Elderly Parent
This story opens with a 103-year-old parent who was sold two new HVAC units for his home costing $24,000. These were top-of-the-line units where competitive units would have cost $14,000. When his 70-year-old son found out, he was furious and felt the company had taken advantage of him. The son had tried to protect his […]