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.

🌟 Stress Awareness Month Alert! 🌟 Did you know that stress doesn’t just affect employees, but can also impact your day-to-day operations and bottom line? 😱 In fact, disability expenses have been on the rise, partly due to the widespread occurrence of workplace stress. 😔 According to the Annual Statistical Report on the Social Security Disability Insurance Program, over 9.5 million individuals received disability benefits in 2020. 😮 Medical professionals even suggest that stress plays a role in triggering illness in a whopping 75% to 90% of all visits to primary care physicians. 😱 But fear not! We’ve got some timely stress management tips to share with you and your team. 🌈 1️⃣ Detect stress early with wearable technology. 📲 Studies show that implementing wearable devices with complementary smartphone apps in the workplace can lower stress levels. After just four weeks, participants reported 15.8% fewer negative instances of stress. So why not give it a try? 💪 2️⃣ Breathe. Take a deep breath! 🌬️ One Harvard-trained psychologist recommends a 60-second exercise called "breath holds" to manage stress at work. It’s simple yet effective. Give it a go! 😌 3️⃣ Exercise. Get moving! 🏃‍♀️ Whether it’s walking to and from work, taking a quick lap around the building during lunch, or trying some desk-friendly yoga moves, exercise can be a fantastic stress reliever. The Mayo Clinic See More

If you’re planning to buy a home this year, now’s the time to get ready for the busy summer season ahead. To help, we’re providing four key financial tips to prepare you for this exciting journey.

Remember, buying a house is a big step, and being financially prepared is key as you enter the market. Have questions or need guidance? We’re here to help!

One question that often comes up when investing is: "What if I need my money back?" 💸 It’s an understandable concern, especially for new investors who may not be familiar with the timeline of their investments. But fear not, we’ve simplified the different factors to consider and the options available to you if you need to access your investment funds.

Hope this post eased your concerns so you can invest confidently! Share this insight with any new investor you know 📈💰

Ever wondered about the difference between revocable and irrevocable trusts? There may only be two letters difference between the two terms, but there’s a world of difference between these types of trusts.

Swipe through to see a brief overview of each trust ➡️ Looking for further help? Our legal team is here for all of your estate planning needs and to answer any questions you have. Reach out to our office anytime.

Navigating the life insurance terrain can be challenging, but we’ve got your back! 🛡️

Kicking off 2024, we’re spotlighting three key trends you may notice this year. The silver lining? These trends aim to broaden life insurance access, potentially benefiting the 48% of Americans currently underinsured.

Do you have questions or need guidance? Our expert team is on standby, dedicated to securing you the best blend of cost and coverage as 2024 unfolds. Send us an email or give our office a call to get the ball rolling.

Today, we’re going to tackle a topic that can make even the most experienced investors break out in a cold sweat: minimums 😅 We often get asked if there is a minimum to invest. In a nutshell, the answer is yes.

Did you know this about investing? Keep checking back into the series so you can start investing with confidence! 😎