PearlS f Wisdom from

Beckett, CFP ®

June marks the beginning of National Homeownership Month. Are you ready to make the move?

The purchase of a home is considered to be one of the COSTLIEST decisions that a person will make in their lifetime. It’s a decision that takes a great deal of planning. Special considerations as to mortgage terms, prevailing interest rates, down payment funds, homeowner’s insurance as well as real estate taxes all come into the equation. Do you know how much of your income you should be spending on housing?

The 28/36 rule, often used to determine how much you can a ord, states that housing expenses (mortgage payments, taxes, insurance) should not exceed 28% of your gross monthly income, while your total debt payments (credit cards, student loans, car payments) should not exceed 36%.

Planning is the key to any financial decision, large or small – and a comprehensive financial plan can be a valuable tool. Partnering with a CERTIFIED FINANCIAL PLANNERTM can help you ensure that you are well-positioned to hit all the major milestones in life, including homeownership.

At HJ Sims, we provide customized solutions that get you where you want to go. We are experts, but more importantly, we are your partner. We work with you and for you –collaborating toward a tangible goal – so you can spend your time living your best life.

It’s never too late to start planning. Reach out to your local, full-service investment partner Rebecca Beckett, CFP ® to get started today!

Rebecca Beckett, CFP® | 561.620.2173 rbeckett@hjsims.com