Many people have experienced a change, or fear a change, in their cash flow over the past 6 months. Jobs have been lost-or changed. Expenses may be different too, as delivery services are utilized, but movies and concerts have been postponed. Whatever position you find yourself in, we are here to help and will gladly provide advice to help you(or your friends) stay on track. There are three things that may provide you relief.

  • Complimentary Financial Review – We are more than happy to meet with you, your friends or family to review your financial picture, and provide some advice during this time of uncertainty.

  • Lower mortgage Interest Rates - A mortgage refinance is another way to lower your monthly expenses and get a lower interest rate on debt. Lenders are now offering loans at less than 3%. And that could save you several hundred dollars a month. When refinancing, be mindful of the closing costs; and try not to extend the length of the loan. In fact, this may be a great opportunity to turn that 30 year mortgage into a 15 year mortgage. If you are considering a refinance, we would love to talk you through the possibilities with your specific financial plan in mind.

  • Federal Student Loan Forbearance - Earlier this month, the federal government extended the suspension of student loan payments. This includes a suspension in collections and a 0% interest rate. To see if your lender is a part of the US Department of Education, click here. It is worth noting, that if you are able to continue making payments, it is a great opportunity to pay down the loans more quickly. And if not, the program just may provide the financial breather you need.