She is a past president and chairman of the Financial Planning Association of Broward County. She has worked as a trust officer for First Union National Bank and oversaw high net-worth trust accounts for First Virginia Banks in Washington, D.C. Janette and Pablo Suarez just drained their savings account to plunk down a deposit on a new home in Miramar. It's a real dilemma. The couple recently converted the garage into a bedroom for mom, who cares for the kids during the day. Janette, an airlines account executive, works from home four out of five days a week.
Interest rates are low.
It's a seller's market. . . . I know we don't really need the new home. We've made it where we are for five years. It will mean postponing other goals. . . . They also will pay less taxes if they buy a more expensive home because they could claim a larger mortgage interest and real estate tax deduction.