Starting a new job. Receiving a large cash gift. Buying a new car. These are all typically happy and exciting events. However, if you’re considering applying for a mortgage – or are already in the process of obtaining one – these developments could negatively impact your financing. At Draper and Kramer Mortgage, we educate our clients on how to smoothly navigate the mortgage process, and that includes providing them with this important list of dos and don’ts when getting a home loan.
In weather and in life, rainy days are inevitable. From natural disasters and economic hardship to car repairs and medical bills, the unexpected happens, and it can be expensive. Insurance coverage, support networks and government aid are important safety nets, but they aren’t always enough. That’s why experts recommend maintaining an emergency fund to prepare for a rainy day.
Your home should be one of the places where you are most relaxed. It should be a refuge from many of life’s stresses and a haven that provides comfort, privacy and amenities. How you arrange and maintain your living space, however, may determine whether your home relieves stress or contributes to it. Here are some tips you can apply to help relieve stress and promote relaxation at home.
Inflation is back in the news this year. While the U.S. inflation rate had remained low at about 2% since 2010, it has surged past 5% this year, pushing up prices and squeezing pocketbooks. Thankfully, there are a few ways to reduce the harmful impacts of inflation, and many Americans are already using one – homeownership. Here’s a look at what inflation is and how owning a home can offer some protection against it.
Money management is an important skill for children to learn, but it’s a lesson that many parents fail to provide. To be fair, talking about money is often difficult. The topic can be personal, technical and moral. Some parents are not confident enough in their own knowledge to pass it on, and others are so confident they forget that the basics even need to be discussed. Regardless of these hesitations, you should set your children up for success in life by educating them on how to be responsible managers of money. Here are six essential money lessons and how you can teach them to your kids.