We’ve gotten a few more questions about refinancing recently, so today we thought we’d lend a hand 🤝 by sharing a brief overview of its definition as part of our mortgage term series.

📃 How to define it: When you refinance your mortgage, you replace your current mortgage with a new mortgage at a new interest rate.

💡 When it makes sense: When monthly payments will be lower or the speed with which you can pay off the loan faster. Or if you need to tap into your home’s equity for cash.

🕰️What else you should know: Refinancing resets the clock, meaning past payments won’t count toward the new loan term. In addition, a refinance will have closing costs.

#mortgagerates #mortgage #realestate #buyinghome

Spring has sprung, and it’s the perfect time to get outside and enjoy the beauty of the season! Whether you’re laying down a blanket for a leisurely picnic or lacing up your boots for a scenic hike, nature’s wonders are all around. What’s your springtime favorite? Let us know!

Comment “🌼” for a picnic

Comment “🥾” for a hike

Drop your vote in the comments! Will it be the relaxing charm of a picnic or the adventurous spirit of a hike?

April is here, and our team loves seeing what historical days landed in April over the years. Here are a few:

🏇 April 3, 1860 – The Start of the Pony Express: This mail service, which used relay teams of horse-mounted riders, began its operations, significantly speeding up mail delivery in the 19th century United States.

🌌 April 12, 1981 – First Space Shuttle Launch (STS-1): The Space Shuttle Columbia launched on its maiden voyage (STS-1), marking a new era in space exploration. This was a significant milestone in American space history.

🚗 April 17, 1964 – Ford Mustang Debuts: The Ford Mustang, an iconic American car, was officially unveiled at the New York World’s Fair. It became a symbol of American culture and automotive innovation.

🧬 April 25, 1953 – DNA’s Double Helix Revealed: The structure of DNA was described by James Watson and Francis Crick, a groundbreaking discovery in the field of genetics and biology.

Did any of these dates surprise you? Let us know in the comments ⬇️

When we’ve talked with some soon-to-be new homeowners about escrow, their response has boiled down to a head scratch and a resounding “Escrows me?!”

Given many new homeowners’ lack of knowledge on the subject, we thought escrow accounts would be a great addition to our mortgage term series. Here are some fast facts:

🏦 It’s a savings account managed by the mortgage servicer, who deposits part of your mortgage payment each month into the account.

🤹 The funds go toward annual property taxes/homeowner’s insurance, allowing you to pay monthly rather than at once and preventing you from having to juggle multiple bills.

☑️ Escrow accounts are required for all government-backed loans.

Have another term you’d like to define… or have a mortgage pun to add to the mix? Our comment section has plenty of real estate – add them below!

#mortgage #escrow #buyinghome #buyingrealestate #realestate

Major U.S. equity indexes continued their rallies in the first quarter, even as the number of expected rate cuts thinned.

Swipe for an overview of the major stock indexes, the Federal Reserve outlook, and key releases that impact the Fed’s decision-making and overall market direction.

As always, reach out to us with any questions or needs as the second quarter unfolds.

Navigating the complexities of the personal health insurance sector can be challenging, but rest assured, we are here to provide expert guidance through every challenge 🌐

In service of that, we’re highlighting today six key trends that may influence health benefits this year. Swipe through ↩️ and reach out to our team to discuss these trends in more detail or explore how they might apply to your current individual health insurance plan.

#healthinsurance #insurance #2024healthinsurance #insuranceupdates

Ever seen a real estate-related word and said … huh?! You’re not alone – many clients come to us confused by the jargon they’ve encountered in their home-buying journey thus far.

To help you out, we’ve decided to summarize a few key terms, starting with adjustable-rate mortgages (ARMs):

🔐With this mortgage type, prospective homebuyers lock in an initial fixed interest rate for a certain period (usually 3, 5, or 7 years).

🔁 The rate then adjusts each year afterward based on the current interest rates.

✔️ Main Pro: The fixed-term rates often are lower than other mortgage interest rates.

❌ Main Con: If interest rates are up once the fixed period is over, the annual rate can increase a good bit year-over-year (though there is usually a cap).

Have another term you’d like us to define? Share it in the comments, and we’ll add it to the list!

#mortgage #buyinghome #newhomebuyer #rates #financialideas

Business leaders wear many hats — why not lighten the load? Our team of accountants can help streamline your operations by helping with your bookkeeping and payroll.

Here’s how:

📉 Cost-Effectiveness – Save on salaries, taxes, and benefits without the overhead of in-house accountants.
🔒 Enhanced Security – Keep your financial data safe with the latest technology.
🌱 Sustainability & Growth – Free up time for core business activities, fostering growth.
💼 Invest More – Lower costs mean more resources for other business areas.

Outsourcing bookkeeping and payroll isn’t just about saving money; it’s a strategic move for better focus, security, and management. Let us help you thrive. Reach out to explore your options!

#bookkeeping #payroll #Humanresources

As we wrap up a few loose ends, we’re celebrating the end of another successful tax season!

But if you see us out and about, keep in mind we may have aged a few years since you last saw us 😂

Give this post a “👍” if you’re relieved that Tax Day is officially in the rearview mirror. And, of course, if you have any questions or need help filing an extension, we are just a phone call away.