blog, John J. Bowman Jr. Accountant, personal finance, Uncategorized

Tips When Buying Your First Home

Buying a home is an exciting, yet stressful process.  You’re making one of the largest purchases you’ll ever make, and you want to ensure you’re going about things the right way.  For first time home buyers, this may seem even more difficult, since you aren’t exactly familiar with the process and everything that comes with it.  Additionally, depending on your state, the buying process may vary, to it’s important to be aware of any local differences. Generally, however, there are a few good tips to consider when buying your first home:

Enquire About Your Mortgage Options

As a first time home buyer, your mortgage options are one of the most important parts of your entire buying process.  Your mortgage loan determines the type of home you can afford (price wise), and how long you’ll be paying for it, depending on the amount of your down payment.  Keep in mind, your downpayment affects how much you need to borrow in your mortgage loan, so the more you have in your down payment, the better. However, for first time home buyers, down payments requirements also differ sometimes from that of someone who’s owned a home before.  Either way, find out what option works best for you, and work on your mortgage from there.

Start Saving Early

To ensure you have a solid down payment, you definitely want to start saving as early as possible.  Whether you’re putting down a “traditional” down payment of 20%, or taking advantage of a first time home buyer program, with a down payment as little as 3%, you will likely need a nice lump sum saved to cover the downpayment and closing costs…



To continue reading please visit 


5 Facts About The Accounting Profession

An accountant is a person who keeps or inspects financial records. Since they deal with money, accountants must possess a high degree of integrity. It is a very serious job and a well respected profession. But on a more lighthearted note, take a look at five fun facts about the accounting profession that you probably have never heard before:

1. There is a day devoted to celebrating accounting professionals. International Accounting Day taxes place on November 10. This is the date in 1494 when Venetian mathematician Luca Bartolomeo de Pacioli published an epic tome that included an in-depth look into bookkeeping practices.giphy2. New York State issued the first certified public accountant exam in 1896. Also, accountants in New York currently earn the most pay. The Exam is administered to people who wish to become U.S. Certified Public Accountants.

giphy (1)

3. Before the Oscars, a team of CPA’s spend an average of 1,700 hours accounting the Academy Award ballots by hand. The actors really should thank them for their hard work.

giphy (2)

4. The FBI employs more than 2,000 accounting special agents. These agents conduct the financial investigations portions of complex cases ranging from terrorists, spies and criminals involved in financial wrongdoing.

giphy (3)

5. The job market for accounting professionals is growing. An expected 11-13% growth in the industry is expected by 2022. This is an increase in an estimated 166,700 available jobs.

giphy (4)