How Can Jason Covault Help You as a Lawyer?

 

As one of my outstanding referral partners, litigation attorney Jason Covault helps practices in personal injury and all kinds of other business matters.

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If you’ve never heard of litigation attorney Jason Covault, he’s one of my excellent referral partners here in Phoenix. 

Jason is a partner at Aiken Schenk Hawkins & Ricciardi P.C. who practices in the areas of personal injury, catastrophic injuries, wrongful deaths, and all kinds of business matters. 

How does he help people? Typically, he first receives a call from a potential client who has some sort of problem—maybe they need to set up a business and aren’t sure how to structure it or have a business dispute with someone else. According to him, some of these matters can be solved very quickly, but others take more time. To do this, he discusses what the steps are and helps his client decide how to get to the desired result in the quickest way possible.

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It’s very important that everybody feels like they’re getting good value.

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It’s a common perception that attorneys are sometimes expensive, but Jason’s services don’t cost you a dime. “I’m never too busy to take a call,” he says. He can usually figure out very quickly if the issue at hand is something he can take care of or if he needs to refer it to one of his partners. 

“It’s very important that everybody feels like they’re getting good value because that’s how I give people peace of mind and provide good value as a lawyer.”

If you need to get in touch with Jason, you can call him at (602) 776-3187 or email jmco@ashrlaw.com. If you have any other questions, feel free to give me a call or shoot me an email. We’re both here to serve you.

What Happens If We See Another Increase in Interest Rates?

 

The Fed has already raised interest rates a couple times this year, but we could see another increase in the future. I’ve laid out a couple things that buyers can expect if this happens.

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Today I’m joined by my preferred lender, Tom Ross with the Ross Team at Bay Equity Home Loans, to answer a question that we’ve heard quite a bit lately: Are interest rates going up?

The Federal Reserve has already raised interest rates a couple of times this year, and it’s true that rates have continued to rise since the election last year. We are expecting the federal funds rate to increase at least one more time, if not twice before the end of the year. The federal funds rate doesn’t impact mortgage rates specifically, but it sets the tone for what interest rates do in general.

If we see an increase of another point to interest rates and it impacts the mortgage rates, what does that look like for buyers? A one-point increase would erode buying power by about 10%. That means that a buyer who would normally qualify for a $500,000 loan with the current interest rate will only be able to qualify for $450,000 and see the same monthly payment.

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The Federal Reserve has already raised interest rates a couple of times this year.

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That could translate to buyers choosing homes with fewer features or smaller square footage in order to keep the monthly payment affordable. However, interest rates are still extraordinarily low and the market remains hot, so buyers won’t have to worry about that scenario just yet.

If you have any other questions about interest rates or are looking to buy or sell a home, please don’t hesitate to reach out. I’d be happy to help!