Category Archives: Loans

In part one of this two-part blog series, we went over some of the top areas to prioritize when considering a mortgage refinance. While there are many reasons for refinancing your home loan, from improved rates or repayment conditions to capitalizing on equity and improving your finances, ensuring you take the right steps to reach…

If you’re currently paying off a mortgage loan for your home, there may be a few different reasons you’re considering a mortgage refinance. Many do this to achieve a lower payment or more favorable loan terms, while others look to take advantage of their equity in some way during a refinance period, including improving struggling…

Make the most of your Home’s Equity Financial gurus will tell you, that one of the best ways to build wealth is to invest in real estate.  For most of us, the home you live in is the biggest real estate investment you’ll ever have.  To make your investment grow, you need to build up…

When purchasing a house, most prospective buyers focus mainly on the down payment, without giving much thought to the other expenses. Closing costs can add significantly to your expected financial outlay, and you should plan for them to avoid any potential issues.   Closing costs defined The term “closing costs” refers to the various expenses…

It is home buying season and we couldn’t be more excited!  One of the best things about being a local bank is watching our community grow through homeownership.  Our blog last month talked about the importance of relationships when buying a home, this month we want to talk about some of the ways you can…

You’ve heard of Fannie Mae and Freddie Mac, but who or what are they?  More importantly, why are they so important in the nation’s housing finance system?  In today’s blog, we will be answering these questions!  Meet Fannie Mae In 1938, during The Great Depression, The Federal National Mortgage Association (FNMA) was created. As part…