Foreclosure: Bargain or Bust?
You've seen it on the HGTV shows a million times. A crummy house on the corner goes up for auction and the gorgeous realtor couple puts in an all-cash offer and completely renovates the house in 30 minutes including commercials. This is what most people think of when they hear about the foreclosure process but there is far more to it than that? Sold to the person in the back!? Biding on a foreclosed property can be one of the riskiest investments in the real estate world and it's hard to know exactly what you're getting in to before the county clerk strikes the gavel! In this episode, you will learn why properties go into foreclosure, how the bidding process works, and if a foreclosed property is a bargain or a bust. Thank you to our Chief Mortgage Officer, John Streuter, for answering all our foreclosure questions!
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Phishing For Trouble: Exposing Digital Scams
Fraud is something that we take very seriously at the bank and one thing we continue to learn is that fraud isn't the same scam over and over again. As technology evolves, fraudsters take advantage of ways to trick people into giving them sensitive information they can sell or use for their own evil purposes like stealing your money. Fraudsters are very smart and are unfortunately better at using technology for bad rather than good. During today's podcast, we are going to be sharing 5 of our favorite fraud stories and ways to protect yourself against fraud.
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The TLDR on Balance Transfers
Do you feel like you're swimming in credit card debt with high-interest rates pulling you under? If so, a balance transfer might be your life raft. Many people don't realize they can transfer their balances to another credit card, potentially saving big on interest. Here's everything you need to know to navigate this financial strategy successfully.
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Mortgage Market Update | July 2023
Navigating the current housing market can be challenging, but with the right information and strategic planning, it's still a great time to buy a home. In our latest blog post, we provide a comprehensive mortgage market update, exploring key factors like interest rates, inflation, and inventory shortages. We offer practical advice on how to make smart buying decisions, understand the role of the Federal Reserve, and prepare for homeownership. Whether you're a first-time buyer or looking to upgrade, our insights will help you make informed decisions and secure your dream home. Read on to learn how to navigate today's complex real estate landscape successfully.
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The Benefits of Separating Personal & Business Accounts
In the world of small business, financial management can often feel overwhelming. Whether you're just starting out with a side hustle or managing a growing enterprise, one key practice can make a significant difference in your financial health and success: keeping your personal and business finances separate. This might seem like a daunting task at first, but the benefits far outweigh the initial effort. Not only does this practice protect your personal assets, but it also sets the foundation for a strong and sustainable business.
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