Tag: covid-19

The Uncertain Path: College in the Age of COVID-19
October 14, 2024 Off

The Uncertain Path: College in the Age of COVID-19

By The Admiral Staff

The COVID-19 pandemic has created immense uncertainty for college-bound high school seniors and their families. Traditional timelines for college planning have been disrupted, with questions surrounding campus openings, financial stability of institutions, and the overall college experience. Schools are grappling with budget shortfalls and considering various scenarios, while parents are weighing financial implications and exploring options like gap years or online classes. Experts advise open communication about finances and caution against borrowing heavily to pay for college, highlighting concerns about student loan repayment and the potential

Navigating the Housing Market in a Pandemic
September 22, 2022 Off

Navigating the Housing Market in a Pandemic

By The Admiral Staff

The COVID-19 pandemic has significantly impacted the housing market, but buying a home isn’t entirely different. Affordability remains key, and securing a mortgage has become more challenging due to stricter lending requirements, higher down payments (like JPMorgan Chase’s 20% minimum), and updated income verification. However, historically low interest rates (around 3%) offer a potential advantage for those with stable income and decent credit. Ultimately, the best course of action depends on individual financial circumstances and