Empowering Financial Literacy: Roots Management Group is here to Help

April isn't just about spring showers and blooming flowers; it's also Financial Literacy Month. This month, we should focus on improving our understanding of financial principles and practices. 

At Roots Management Group, we work directly with people looking to own a home, whether it’s the first time they’ve bought a home or maybe it’s a second home to escape the wintry weather. We have some advice from Duane Atkinson, a sales representative at Lakewood in Florida.

Atkinson has some great input and advice for those looking to own a home or who have recently purchased one. “Homeownership is a great accomplishment, and for many, it’s a huge investment, likely the most expensive purchase they’ll make,” says Atkinson. He says the biggest piece of advise he gives is for homeowners to purchase a home warranty. “Many people buy previously owned homes, and if an appliance goes out, having a home warranty will help cover the unexpected costs associated with getting it fixed,” Atkinson says. Hopefully, you’ll never need it, but it’s nice peace of mind to know that when the unexpected happens, you’ll have it covered.

Another thing that comes with homeownership is the maintenance of your home, including the exterior. “Many people do not realize they must care for their lawn and landscaping.” While this can be therapeutic for some, not everyone realizes it’s part of homeownership, as it is maintaining the structure and ensuring you’re weatherproofing and keeping everything secure. 

One of our lending partners, Triad Financial Services, provides borrower resources that make navigating the home lending process more accessible and empowering for everyone. 

 Triad Financial Services' borrower resource page serves as a comprehensive hub of information, offering insights, tools, and guidance to empower borrowers. 

Triad Financial Services offers customized financing options, competitive rates, and homeowners' insurance choices, ensuring borrowers find a financing solution that aligns with their unique needs and circumstances. Read more about options you may not even know about in this blog about the benefits of third-party financing. 

Once the loan is in place, Triad Financial Services doesn't leave borrowers in the dark. Their user-friendly loan portal allows borrowers to access loan details, make payments, and track progress conveniently from one centralized location, ensuring transparency and peace of mind throughout the homeownership journey. 

At Roots, financial literacy is the cornerstone of sound financial decision-making, especially regarding homeownership. By providing these valuable resources, we help empower individuals and families to achieve their dreams of homeownership. 

If you want more from your money, commit to completing these 30 steps in the next 30 days and see how your financial wisdom expands and habits change.