The introduction to Financial Planning’s article on whether or not to refinance says:
Talk about news you can use. Amid the recent market volatility and economic fears, interest rates are again near historic lows, providing clients an opportunity to refinance their mortgages or for first-time homebuyers to dive in.
Of course, what might be an easy way to save money for some clients may be a poor choice for others regarding the most valuable asset most people will ever own. So whether they’re looking to save money each month or girding themselves for a down payment and decades of expenses, clients need your help.
We asked advisors to share with us the topics they’ve been discussing with clients. Click through to see their takes, or here to view a single-page version. –Maddy Perkins
In the article, Atlanta Financial Advisor, Christian Koch, of KAM South, is quoted with a tip on the benefits of claiming Mortgage Interest Tax:
“Clients often forget how powerful the mortgage interest tax deduction can be. On a $200,000 30-year mortgage with a 4.5% interest rate, the deduction can change your effective rate to 3.3%”
Christian Koch, President of KAM South
Financial Planning is the leading resource for independent financial advisors, delivering the essential analysis and insight advisors need to make informed decisions about their business and the clients they serve. The only information resource dedicated to the needs of the independent financial planner, Financial Planning provides analysis and breaking news, opinion and expert advice, and practical business-building ideas. Coverage is sharply focused on what matters most to advisors — their clients (building relationships), their practice (building and managing their business, deploying technology), and managing their client’s portfolios.
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Christian Koch is a Certified Financial Planner™ Professional and President of KAM South in Atlanta. Koch is a long-time investment manager and recognized equity research industry leader. Koch is a member of the Harvard Business School Club, and the MD Preferred Medical Professional Network, and is a Five Star Professional Wealth Manager.