
12/05/12, 04:12 PM
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Join Date: Aug 2008
Location: Indiana, USA
Posts: 12,673
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DM uses Edward Jones Co. for her retirement (she been retired 25 years) finances and could not be happier. I now have a small account with them, does does very well.
That said, financial advisors usually don't and should really not do, the homework you are looking for.
You and your DW should be doing it, IMO. Even Donald Trump surely knows (and understands) what his financial teams are up to, even if he is not doing the work himself.
Calculate up what the monthly payments on any loan amount, based on what percentage rate you can get. Pretty easy.
figure how much down payment you need. Check tax records on a property to give an idea on what you'll pay ( 2nd homes usually usually cost more in taxes, as they don't qualify for homesteaders exemption)
Call the utilities for past usages estimates, on a property.
You need to determine how much house yo can afford - you're making the payments, not the lender
Estimate if the property might need major fix ups or just a coat of paint. Big difference in money and time. Shjop Lowes etc., to see how much a new bathroom will cost.
Do your own legwork, that way you'll really know what going on.
Good luck
Last edited by plowjockey; 12/05/12 at 04:17 PM.
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