McKinley Carter offers mortgage and debt management services through McKinley Carter Mortgage, a division of McKinley Carter Wealth Services.
Through McKinley Carter Mortgage, we can provide comprehensive, proactive and independent advice on both sides of the balance sheet. Our relationship is that of an advisor, an ongoing resource to assist you with whatever challenge you face in regards to your mortgage.
Why Manage Liabilities?
During your lifetime, your relationship with borrowing will change. For many, the initial borrowing is out of necessity, but as assets grow the decision to borrow or use other assets becomes more difficult. You'll be faced with borrowing decisions that seem simple, but could have a profound impact on your future wealth over long periods of time.
How you manage your liabilities could play as important role as how you manage your assets. Management of liabilities can provide you with:
- A plan to better manage daily cash flow
- A way to increase liquidity
- A solution to fund college
- Help when buying or refinancing a home
Working together to incorporate assets and liabilities into an overall financial plan may well be one of the most important financial factors in the accomplishment of your long term financial goals.
Case Studies
Rate vs. Price - Clients found their dream home but feared they would not be able to afford it unless the seller agreed to significantly reduce the price. The seller was unwilling to reduce the sales price to the level requested.
Retirement Planning Mortgage - A client was buying a new home and did not want the new purchase to affect his plans of retiring in 15 years. But by taking the proper steps in evaluating potential borrowing options, the client was able to gain a new perspective on the safest way to achieve his goals.
Should I Pay Points? - The decision to pay points in exchange for a lower interest rate is difficult without understanding how to measure the impact it may have. In this case study, a client has a limited amount of money to put down and dedicating a higher amount towards closing costs takes away from the funds available to reduce the amount borrowed. Using a "Cost Analyzer" we were able to analyze options and develop a strategy to best fit this client's situation.