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.”
More From GOBankingRates
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
Digital payments are becoming an increasingly common part of everyday life in Uzbekistan, helping bring more consumers into the formal financial system and increasing demand for services beyond basic transactions.
According to a financial inclusion survey conducted by the Central Bank of Uzbekistan with support from the Asian Development Bank, 71.17% of respondents reported making or receiving at least one digital payment in 2025, compared with 39% in 2021.
The increase follows several years of policies aimed at expanding financial inclusion, encouraging electronic payments and introducing digital tools such as remote identification systems for banking customers.
Interviews conducted by Euronews on the sidelines of the Tashkent International Investment Forum (TIIF) suggest that the rapid adoption of digital payments is now beginning to influence wider parts of the financial sector, from lending and insurance to investment products and banking services for businesses.
Digital payments enter the mainstream
Industry executives point to a combination of demographic, technological and regulatory factors behind the growth of digital financial services.
Nikolay Seleznyov, co-founder of Uzum, a company active in e-commerce, digital payments and financial services, said the expansion is bringing more people into the banking system.
“More and more people are becoming bank customers. And this trend is irreversible.”
Oliver Hughes, chairman of TBC Uzbekistan, a digital bank operating through the TBC UZ and Payme applications, pointed to the country’s young population and widespread use of mobile technology as factors supporting the shift towards digital services.
The trend is also affecting established lenders. Dmitry Sapronov, deputy chairman of Ipoteka Bank, which became part of Hungary’s OTP Group in 2023, said customer demand for digital services has increased significantly in recent years, requiring banks to rethink how they deliver products and interact with clients.
Regulation and infrastructure
Executives said the growth of digital finance has been supported by both regulatory changes and investment in digital infrastructure.
The Central Bank and other institutions have introduced measures aimed at expanding financial inclusion and encouraging electronic payments, while digital identification systems have made it easier for consumers to access banking products remotely.
“The digital ID product was one of the biggest enablers here for all the players in the financial services industry,” Seleznyov said.
Anne Arundel County is preparing to launch a new finance and e-procurement system to modernize county operations and improve how businesses interact with local government.
The new platform, called Harbor, is scheduled to go live in July and will replace the County’s legacy procurement system with a centralized cloud-based platform built on Oracle Fusion Cloud.
County officials say the new system is designed to streamline procurement and financial processes while making it easier for both existing and prospective vendors to do business with the County.
From the press release:
“Harbor is a much-needed upgrade that will streamline services for our county agencies and those who do business with the county,” said Anne Arundel County Chief Administrative Officer Christine Anderson.
The platform will serve as a single portal for supplier registration, bid opportunities, invoicing, payment tracking, and contract management, consolidating what had previously been spread across multiple systems. County leaders say the transition is part of a broader effort to modernize operations, improve efficiency, and lower barriers for businesses seeking to compete for county contracts.
For counties, procurement modernization remains an important operational priority as local governments look to improve transparency, strengthen vendor engagement, and simplify access for businesses of all sizes. Anne Arundel County has encouraged interested suppliers to review training materials and registration information ahead of the July launch.
Finance
Quadient Recognized as a Leader in the 2026 SPARK Matrix for Accounts Receivable Applications
Quadient demonstrates continued innovation in AI-driven invoice-to-cash automation and unified finance operations
Paris
Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announced today it has been recognized for the fifth consecutive year as a Leader in the 2026 SPARK Matrix™ for Accounts Receivable Applications by technology analyst and advisory firm QKS Group. Quadient strengthened its position in the report year-over-year, with a notable improvement in Technology Excellence, reflecting continued innovation in its AI-driven invoice-to-cash solution.
According to QKS Group, Quadient’s leadership position highlights its evolution into a comprehensive, AI-powered platform that delivers strong predictive accuracy and straight-through processing. The analyst firm also emphasized the capability of Quadient’s solutions to unify accounts receivable (AR) and accounts payable (AP), offering finance leaders greater visibility and insights into their business finances to make faster, better decisions on working capital management.
Earlier this month, Quadient announced the release of its new cash dashboard capability for AR and AP that allows finance teams to bring together traditionally siloed data in a single view. An AI assistant summarizes key metrics and provides analysis that helps finance leaders accelerate cash on hand, improve forecasting, reduce risk and uncover opportunities to optimize working capital.
“Quadient has established a strong position in the 2026 Accounts Receivable Automation market through its focus on intelligent automation, cash flow optimization and integrated financial operations,” said Sanjeevi C R, associate vice president, Enterprise Research at QKS Group. “The platform’s evolution from predictive analytics to AI-driven autonomous collections execution represents a meaningful step forward in reducing manual effort across the invoice-to-cash cycle. What differentiates Quadient is its ability to combine collections management, cash application, and payment processing with a unified accounts receivable and accounts payable ecosystem, providing finance leaders with a more holistic view of working capital performance. By enabling greater automation, enhanced cash flow visibility, and more efficient receivables operations, Quadient continues to deliver measurable value for organizations seeking to modernize their financial processes and improve liquidity management.”
QKS Group highlighted the following key strengths for Quadient AR:
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