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Waiting to refinance your mortgage can cost you – here’s why

Learn how much waiting to refinance your mortgage can cost you. (iStock)With the Federal Reserve location rates close to zero to spare the US from a complete economic downturn, mortgage rates are more competitive than they were before the pandemic. In fact, these are the lowest mortgage rates seen since 1971.If you are someone who always wants the absolute lowest price or the best price, it is time to act. Depending on your personal financial situation (such as your credit and debt ratio) it may now be the best (and potentially only) time to get the lowest interest rates you…

Air Charter Service predicts Private Jet Travel’s prospects for 2021

With concerns about social distance causing most of the public to continue to avoid traveling by commercial plane as the new year begins, more and more travelers are beginning to explore the possibilities of flying via private aircraft.Even while most placed travel plans on hold in 2020, travel consultants noticed a significantly increased interest from their clients in flying privately. While demand in most segments of the travel industry reached the bottom, private jet charters saw huge increases. Air Charter Service (ACS), the world's largest airline charter broker, reported a 49 percent increase in leisure inquiries and a 14 percent…

The future of private jets

Despite economic uncertainty, private aviation leaders are positive about the industry's long-term prospects. With permission from Flexjet Text size While economic uncertainty may have an impact on the future of the private jet industry in the short term, industry insiders are bullish on the long-term prospects for private aviation. Leaders of the country's leading private jet management, fractional ownership, charter and member companies recently shared their prospects for the post-Covid world with Penta. Berkshire Hathaway unit NetJets is the largest private jet operator in the world. It provides parts of ownership, leasing and jet card programs. Patrick Gallagher is NetJets'…

Beware of these private jet promotions

Private jets are popular, and the broader travel industry has noticed. Luxury hotels, resorts and even destinations are rushing to promote private aviation partnerships. The idea, in part, is that they offer a one-stop option. Book your luxury suite and our private aviation partner can handle these private flights. What is ignored is that private aviation is not just about pictures of club seats and what type of catering you want. It is a significant purchase, not studying the details can be expensive and the best option for you may not always be clear. As several hotels, resorts and destinations…

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