Is it time to refinance your mortgage?
Do you have clients who are still paying more than 5% on their mortgages? Perhaps now is the time to check in with your clients and find out if refinancing is a viable option for them. Help them run the numbers, and explain how changing their interest rate and perhaps the term of their loan will benefit them over time. Work with them to manage their mortgage payments and talk about the advantages of paying bi-weekly instead of monthly.
You can show your clients the tax effects of their financing decisions. Ken Berry has written a detailed article explaining the refinancing options along with the pros and cons of refinancing. Consider this your holiday gift to your clients!
Prior to this role, Caleb served as the editor of Going Concern since its founding in 2009. During his time as editor, Going Concern quickly became one of the most popular and talked about websites in the accounting profession. He has been named one of Accounting Today's Top 100 Most Influential People every year since 2011 and has been published on numerous websites, including Above the Law, Deadspin, Denver Business Journal, and the Huffington Post.
Caleb is an adjunct professor of journalism the Community College of Denver in Denver, Colorado, where he teaches Internet Media.
Prior to falling bass ackwards into the media business, Caleb spent over five years working in public accounting, with more than three of those years at KPMG. Caleb received a Master of Science in Accounting from Colorado State University and a Bachelor of Science in Business Administration from the University of Nebraska at Kearney.
Caleb spends a lot of time on a bicycle and reading, but never at the same time.