Team Member Since 2019
I’m here to make your family’s Asheville-area dreams come true!
Tired of the four-hour commute back and forth each day to my job managing a textbook publishing company, my wife, Katy, and I renovated our 1931 Long Island, NY home our…Read More
I know my name looks intimidating, so the easiest way to pronounce is "Hi-am" (one syllable), or just call me Salomon!
Born and raised in Brooklyn, New York, I vacationed in Asheville with my family several years in a row before…Read More
Why isn’t it a good idea to pay off your mortgage?
Paying off a mortgage quickly doesn’t make a lot of financial sense, but it does give a lot of homeowners a great deal of comfort. For it to make sense for you, the investment’s annualized rate of return needs to earn more than the cost of your mortgage interest rate. With many homeowners sitting on some of the lowest rates in history, (3.5%–5.5%) it’s not hard to achieve a higher rate of return. What makes it hard is that there are few guarantees in investments. While the stock market has produced a rate of return close to 10% over the last 90 years, individual investments lose money every day. Even real estate can include risk from market conditions and lack of liquidity. Working with a professional financial planner and mortgage loan officer is the best way to achieve confidence in your personal financial goals.