Serving Southern Jefferson County in the Great State of Montana
Serving Southern Jefferson County in the Great State of Montana
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Homeownership can be an excellent financial decision for people at a variety of income levels. We all have to live somewhere. Generally speaking, you will be better off in the long run if you own that space so your housing expense can also be increasing your overall wealth position (building up the equity you have in a tangible asset). With that being said, the most important tip I can give to a first buyer, or even anyone looking to upgrade, is to create a budget. When you meet with a mortgage...
People are often nervous about locking in rates because they hear the Fed is going to raise rates so I thought I would take a minute to explain a part of the system. The Central Bank ("the Fed") is tasked with monetary policy and they have two main objectives: price stability and maximum employment. Their primary tool for doing this is setting the Federal Funds Rate. The Fed Funds Rate is the rate for overnight borrowing for banks. (Banks are required to keep a certain amount of reserves on...
