Finance
5 Reasons You Should Speak to a Financial Advisor Before You Buy a Home in the Next 5 Years
Tyler End, CEO and Co-Founder of Retirable, who is a Certified Financial Planner, had someone come in [to his office] a couple of years ago. They said, “‘Hey, we really want to buy a house,’ but they had all these little debts [that could impact their interest rates],” said End.
Explore More: 7 Worst States To Buy Property in the Next 5 Years, According to Real Estate Agents
Read More: 7 Reasons You Must Speak To a Financial Advisor Before Spending $50,000 or More
“They had a couple of credit cards they weren’t paying off on time; there were car loans, and stuff like that, and pretty high interest rates.”
End told them, “Before you buy this house, you want to get all this stuff in order.”
The clients had a substantial amount of money in their investment accounts, considerable money in their checking accounts, but they were carrying all these debts, said End.
“We came up with a strategy where we, one by one, focused on using their funds and prioritized those debt payments.
“We knocked four or five of those credit lines off, and before they applied for their mortgage, they were able to get a better interest rate.” The client bought a house this year.
This scenario is just one of many ways financial advisors help their clients get all their ducks in a row, so they can lock in lower interest rates and make better financial decisions before investing in a home purchase. Here are five reasons why you should speak to a financial advisor before you buy a home in the next five years.
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1. Gets the Best Financial Outcome By Planning Early
When you’re thinking of buying a home is the time you should start talking to a financial advisor. The sooner, the better, said End.
“A lot of what you need to get the best financial outcome of the purchase, a financial advisor is going to help you with.”
End said that the right ratio of your savings should be going toward paying down debt, saving for retirement, and building up a cash or checking account so you can put down a bigger down payment.
Check Out: Mortgage Rates Are Dropping: 20 Housing Markets With the Most Affordable Home Prices
2. Helps You Make Optimal Use of Your Money
Every time money comes in, ask yourself these questions:
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Should I put it in my emergency fund checking or savings?
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Should I save it for retirement or lock it into an IRA or 401K?
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Or should I use it to pay down debt?
“If your goal is to buy a house in five years, a financial advisor [will] tell you the optimal use for those dollars,” said End.
3. Shows You How To Reach Your Home Buying Goals
A financial advisor can give you a strategy for paying down debt, so it lowers your credit ratio and you’ll get a better credit rating for the mortgage, said End.
“Having a bigger down payment as your mortgage payment will be less when you actually buy the house;
End said that if you’re putting too much in your retirement accounts, you might have to delay buying a house because you won’t have enough [money] in your bank accounts for the minimum down payment.
“If you know what that goal is, the financial advisor is going to help you get there and tell you the best way to do it.”
4. Explains the “Real” Cost of Buying a Home
People don’t necessarily budget appropriately when they think of buying a house; they get hung up on the mortgage, but that’s just one piece of it, End said.
A financial advisor can help you understand the realistic costs associated with owning a home.
“What we see often is people saying, ‘Okay I’m paying $3,000 for rent, so I’ll just have a mortgage that’s $3,000,’ but it’s not the same thing,” End said.
“Then you have to figure property taxes, homeowners insurance…then there are a lot of carrying costs associated with owning a home, not just upgrades but repairs.”
5. Advises You How To Set Up a Liquid Emergency Fund
A financial advisor can recommend strategies for saving your money that can be accessed and turned into cash right away. Certain financial products might yield a higher interest rate, but you won’t be able to access your money when you need it in any emergency.
End said people have told him they used a CD because it gave them 5% interest but when they needed to pay for a repair, they couldn’t access their money.
“What’s important here is you don’t lock up the money; that’s where people can get in trouble,” said End.
“Generally, you want to use something that is liquid, meaning you can access it at any time.”
Fortunately, because interest rates are high, End recommends using a high-interest checking account so you can get that money out tomorrow if you want.
“You can build up a big buffer of three to six months of your income for emergency savings that you can tap at any time, ” he said.
But he said that requires discipline and not to be like, “Hey, I want to go to Paris to go to the Olympics.”
“It should be held away, and [you shouldn’t] touch it unless it’s an emergency.”
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This article originally appeared on GOBankingRates.com: 5 Reasons You Should Speak to a Financial Advisor Before You Buy a Home in the Next 5 Years
Finance
One.funding and MV Commercial launch MV Asset Finance
One.funding has partnered with UK-based MV Commercial to introduce MV Asset Finance, which offers an alternative method for MV Commercial’s customers to secure finance, according to a LinkedIn post.
In developing MV Asset Finance, representatives from One.funding worked closely with MV Commercial’s team to better understand business priorities and the requirements of their customer base.
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According to the post, the service aims to remove friction, ensure complete transparency, and enable a seamless process from initial engagement to completion by integrating support within MV Commercial’s operations and presenting it under their brand.
MV Commercial supplies fleet solutions for vehicles within the UK.
The company’s offerings include trucks, trailers, and light commercial vehicles that are available for sale, rental, or contract hire.
Its current rental and Ready to Go fleets consist of 2,000 specialist trucks, vans, and trailers across various depots in Airdrie, Grantham, Livingston, Oxford, Haydock, and London Luton.
One.funding CEO Lee Schofield said: “At One.funding, we’ve 20 years of experience in building point-of-sale finance that fits naturally into how businesses sell. MV Asset Finance shows what’s possible when that experience is embedded into the MV Commercial journey, making it easier for their customers to keep moving and keep growing.”
A recent example involved AMK Plant & Tipper Hire, which added a DAF FAD XD450 Construction eight-by-four tipper truck to its fleet, the company’s first DAF tipper purchase.
The transaction was finalised in three weeks; MV Commercial supplied the vehicle while financing was arranged through the newly launched MV Asset Finance framework.
Finance
RFSD board approves financial assurances, reviews annual audit
The Roaring Fork School District Board of Education approved its annual financial accreditation assurances and reviewed the district’s 2024-25 audited financial statements during its meeting on Wednesday, according to a district news release.
The audit, presented by McMahan and Associates, found the district’s overall financial position to be stable and identified areas for continued improvement in internal controls and financial processes. The district’s General Fund balance remains above minimum levels required by board policy.
Chief Financial Officer Christy Chicoine said the audit reflects progress following prior concerns identified in earlier reviews.
“We have made significant improvements compared to the prior year’s audit as a Finance Department, and I am grateful for the finance team’s commitment towards those improvements as demonstrated in this audit,” Chicoine said. “While we still have work to do to continue to sustain and enhance the district’s fiscal management, the audit report indicates we are clearly headed in the right direction.”
Superintendent Anna Cole said the findings validate work undertaken over the past two years to rebuild internal systems and improve transparency.
“Over the past two years, our teams have worked diligently and transparently to rebuild internal financial systems that left the district at risk,” Cole said. “The outcomes of this audit are evidence that we are on track.”
Cole said the timing of the audit is significant as the district begins developing its budget for the 2026-27 school year and faces mounting external pressures.
“We couldn’t have stabilized internal systems at a better time,” she said. “As we begin the budgeting process for the 26/27 school year, we face external challenges like declining enrollment, instability of state and federal funding, and a rising cost of living that is outpacing staff and teacher salaries. This audit is an important confirmation that our finances are in order as we prepare to navigate oncoming challenges.”
Board President Lindsay DeFrates said the board is better positioned to plan ahead following the audit’s conclusions.
“We are grateful for the leadership of Chief Chicoine and the hard work of the district finance and human resources teams,” DeFrates said. “We are now in a much better place financially and will move forward with clarity, transparency and accountability, able to better navigate the challenges to come.”
Finance
UK’s Former Finance Minister George Osborne Joins Coinbase – Coinspeaker
Key Notes
- Former UK finance minister George Osborne is joining Coinbase’s Global Advisory Council.
- Osborne will focus on crypto regulation, stablecoins, and tokenized assets across the UK and EU.
- The exchange is also expanding beyond crypto trading as it steps into 2026.
Coinbase has appointed former UK finance minister George Osborne as chair of its Global Advisory Council. It is clear that the American crypto exchange wants to deepen its influence with governments outside the United States.
Earlier this week, Coinbase tested the waters in India as its deal to acquire a minority stake in local crypto trading platform CoinDCX was approved by the Competition Commission of India.
https://twitter.com/CCI_India/status/2000905244080034292
Coinbase Expands Policy Reach Beyond the US
Coinbase confirmed that Osborne will take a more active role in advising on government engagement worldwide, with a focus on Britain and the European Union.
Osborne, who first joined Coinbase as an adviser in January 2024, will be based in London. He will work closely with policymakers on issues related to crypto regulation, stablecoins, and tokenized assets.
Coinbase’s chief policy officer Faryar Shirzad said the crypto exchange has already become a powerful lobbying force outside the US. In the UK, the company is pushing for clearer rules on tax treatment, stablecoin payments, and the use of tokenized assets in capital markets.
Osborne’s Background
Osborne served as the UK’s finance minister from 2010 until 2016, stepping down after the Brexit referendum. Since leaving politics, he has built a broad private-sector portfolio.
He currently chairs the British Museum, is a partner at investment bank Robey Warshaw, and leads Lingotto Investment Management.
Just days before the Coinbase announcement, OpenAI named Osborne to support its overseas data centre expansion under its global infrastructure program. His appointment to Coinbase adds crypto and blockchain policy to an already wide-ranging list of responsibilities.
Expansion Across Crypto
According to an earlier report, at its recent System Update event, Coinbase revealed plans to expand into stock trading, prediction markets, custom stablecoins, tokenization platforms, and AI-powered investment advisers.
Coinbase has already launched stock trading and prediction markets on its platform and now rivals firms such as Robinhood and eToro. The exchange has also partnered with Kalshi to offer markets tied to real-world events such as sports, elections, and economic data.
The exchange’s long-term goal is to become an all-in-one financial platform that operates around the clock.
Meanwhile, Deutsche Bank recently initiated coverage with a buy rating, according to CNBC. Analysts expect the company’s broader new everything-in-one strategy to reduce its dependence on crypto trading volumes as it scales into 2026.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
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