Many of us are scrambling to get our finances on terra firma these days, and that means some hard choices when it comes to writing checks for our mortgage, credit cards, auto loans, and more. In fact, about one-third of US renters didn’t pay on April 1st, and we’re just one month into this crisis!
Part of the “new normal” ...Continue Reading →
On March 27th, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion package intended to inject the economy with much-needed funds.
Most of you are aware of the CARES Act by now, and familiar with the stimulus checks that are (supposed) to be mailed out to tens of millions of Americans soon or ...Continue Reading →
The Coronavirus pandemic has caused irrefutable risk to the health and safety of hundreds of millions of people around the world, but the economic devastation is just getting started.
With stay-at-home orders pausing most travel and foot traffic, mass layoffs and an astronomical jump in unemployment, and small businesses going under left and right, the impact may be felt the ...Continue Reading →
The world is a different place than it was just a week or two ago – a new reality we all have to face. While this isn’t the forum to recount news of the pandemic, stock market crash, or threats to the U.S. economy, we did want to give you some tangible help and guidance when it comes to ...Continue Reading →
It’s 2020, and that means many of us are writing our New Year’s resolutions and goals for the coming year. So, we wanted to outline ten financial goals you should keep for all of 2020 – and beyond!
- Start saving
Without a solid savings account in case of a rainy day, our finances really aren’t on solid ground. But surveys ...Continue Reading →
It’s a good time to be in the mortgage business, with shockingly low interest rates, record home equity, and thriving – if not spectacular – real estate markets nationwide. However, we all know that these halcyon days won’t last forever.
In fact, with about 300,000 mortgage lenders (between banks, brokers, and LOs) in the U.S. all fighting for the same shrinking ...Continue Reading →
San Diego may have a sizable population (1.37 million people), but it’s now also a young city, with 25% of residents 25 years old or younger. With a median age of only 34.9 years, there are a whole lot of Millennials just trying to make their way in the working world, as well as Gen Xers starting families.
It seems harder ...Continue Reading →
If you’ve ever paid a visit to San Diego, you probably returned home praising the city for its beauty, perfect weather, and fun, active vibe.
It’s also a mixed bag when it comes to credit scores, debt levels, and other financial metrics, as San Diego is one of the most expensive cities to live in, ...Continue Reading →
- Credit card debt is at an all-time high – and still on the rise.
At the end of Q4 of 2018, the Federal Reserve Bank of New York announced that U.S. personal credit card debt hit the $870 billion mark. Not only do they expect that number to hit $900 billion in 2019, but it also marks the highest level ...Continue Reading →