Cash Management Current events Debt Management Home buying Interest rates Investing Mortgages Real Estate Updated for 2020

Is Refinancing Your Mortgage Worth It? Here’s How Much You Could Save

Mortgage rates are currently very low - the average 30-year mortgage is now 3.50%. It might make sense for homeowners to consider refinancing. How much could you save from refinancing your mortgage? Here's how to tell if refinancing your mortgage is worth it. This article will explore much can refinancing…

Kristin McKennaMarch 2, 2020

Early Retirement Forbes Home buying Real Estate Retirement Planning Updated for 2020

Should You Buy Your Retirement Home Before You Retire?

This article was written by Darrow advisor Kristin McKenna, CFP® and originally appeared on Forbes. When should you buy your retirement home? Buying a retirement home too early could be short-sighted, despite long-term intentions. Whether you're in your 30s or 60s, it's important to objectively weigh the pros and cons…

Kristin McKennaFebruary 27, 2020

Early Retirement Forbes Home buying Real Estate Retirement Planning

What to Look for When Buying a Home for Retirement

There are plenty of ways to buy a home, but for many pre-retirees, it may be a good idea to wait until you're much closer to retirement to begin seriously searching for a retirement home. By waiting, you'll have the best and most current information possible about what your current…

Kristin McKennaFebruary 11, 2020

Forbes Home buying Real Estate

Is it Better to Buy a Home with Cash or a Mortgage?

The idea of living mortgage-free can be particularly enticing for individuals nearing retirement. At this time, it’s also common for empty-nesters to consider selling the large family home in favor of a smaller property or condo that’s easier to maintain. Homeowners who have lived in a house for a long…

Kristin McKennaMay 7, 2019

Cash Management Home buying Real Estate Updated for 2020

Should You Pay Off Your Mortgage Early or Invest Extra Cash?

Should You Pay Off Your Mortgage Early or Invest Extra Cash? It's true: the idea of living without a mortgage payment sounds enticing. On the surface, it may also seem like a no-brainer financially...paying off debts is typically considered a positive thing. Unfortunately, many homeowners get so wrapped up in…

Kristin McKennaApril 30, 2019

Home buying Real Estate Updated for 2020

Should I Sell or Rent My House?

Moving and wondering whether you should sell or rent your house? It's common for homeowners to wonder if they should rent or sell their home or condo after buying a new house. Owning a rental property can be a great way to diversify your streams of income, particularly if you…

Kristin McKennaJanuary 24, 2018

Home buying Real Estate

Buying, Selling, or Inheriting a Home

Real estate is often a big part of an individual's net worth, whether by accident or design. In the last 10 years, we've seen a tremendous comeback in the real estate market across the country. Buyers today generally enjoy low (but increasing) interest rates and relaxed lending requirements. These benefits…

Kristin McKennaAugust 22, 2017

Home buying Real Estate Updated for 2020

Converting Your Home Into a Rental Property

The IRS defines a primary residence as a living space which you inhabit, but may rent out for up to two weeks per year without paying tax on the rental income. A rental home is primarily used as an income property, where personal use does not exceed the greater of…

Kristin McKennaOctober 19, 2016

Financial Planning Home buying Housing Real Estate U.S. News

What’s the Return on Investment on Your Home?

This article was originally published on U.S. News by Kristin McFarland, Wealth Advisor at Darrow Wealth Management. Do you see your home as an investment, or as a living expense? There is no right or wrong answer, but clearly defining how you view your home can help you weigh major…

Kristin McKennaMarch 22, 2016