First Federal Bank

Recent Posts

Dealing with Mice: Peppermint Oil, Dryer Sheets and Other Tricks

September 15, 2023 by First Federal Bank

There are things that everyone shares: the need for food, the search for love, and the intrusion of mice into our homes. But don't despair! There are several ways to deter and remove mice. Read on to learn about a few of the more well known, if a little out-there, methods.

Topics: Homeowners

What to Consider Before Listing a Vacation Rental Property

September 15, 2023 by First Federal Bank

If you own a vacation home or split time between multiple properties, you may be able to earn income by renting to others. But before you decide to pull the trigger on turning your vacation home into a rental property, you’ll want to ask yourself a few questions and be aware of some of the potential challenges. Don’t neglect Uncle Sam One of the...

Topics: Homeowners

Mortgage Rates: Past, Present, and Possible Future

September 13, 2023 by First Federal Bank

Topics: Mortgages / Home Equity

What to do After Maxing Out Your 401(k)

September 13, 2023 by First Federal Bank

Congratulations! You’re on track to reach your 401(k)-contribution limit for the year. But your commitment to funding your retirement shouldn’t stop at your 401(k). Once you’ve maxed out those contributions, you should take another step to preparing for your post-career lifestyle. Here are some smart ways to stash more for retirement if you’re...

Topics: Retirement, Financial Education

Selling Your Half of a Jointly-owned Home? Here's What You Need to Know

September 12, 2023 by First Federal Bank

There are many factors to consider when it comes to selling your home, and if you own your home with someone else the details involved can be even more confusing. If you're wading into your co-ownership options and are curious about your next steps, here's a short list of some things to think about.Buyout: Selling Your HalfIf you own your home...

Topics: Homeowners, Mortgages / Home Equity

Tips for Setting Healthy Boundaries

September 11, 2023 by First Federal Bank

Healthy boundaries are essential to your well-being. Establishing them can be tough, though. You may worry that putting your needs first may alienate loved ones in your life. But, taking care of yourself is worth prioritizing, and healthy boundaries can help you and your loved ones, friends, and people in your life feel safe. Here a few tips on...

Topics: Lifestyle

Financial Mistakes to Avoid When Closing on a House

September 08, 2023 by First Federal Bank

The seller has accepted your offer and you’re ready to start closing on a new house — but that doesn’t mean you’ve reached the finish line yet. As you take all the necessary steps to finalize the purchase of your home, be sure to avoid these financial mistakes that could delay or even derail the closing process:Taking actions that affect your...

Topics: Homeowners, Mortgages / Home Equity

Using CDs for Your Savings

September 06, 2023 by First Federal Bank

You’ve collected a hefty sum of money in your savings account, but what should you do with it? Rather than investing it in a high-risk account or letting it lose value by stagnating, you can use it to buy a CD. What is a CD? In the world of finances, the CD acronym stands for “certificate of deposit.” Simply put, a CD is a type of savings account...

Must-Read Memoirs of Olympic Athletes

September 04, 2023 by First Federal Bank

By this time next year, the world will be preparing for the start of the 2024 Summer Olympic Games in Paris, France. To help you get excited about what’s to come, check out these must-read memoirs from Olympic athletes:

Topics: Lifestyle

Pros and Cons of Real Estate Investing

September 01, 2023 by First Federal Bank

If you’re considering investing in real estate, you’re likely aware of the potential rewards and risks involved. Real estate has long been a popular investment option for those looking to build wealth or earn passive income, but it’s important to consider the pros and cons carefully before jumping in. Here are some key points to keep in mind: ...

Topics: Financial Education

The content on this site is intended for informational purposes only and should not be considered accounting, legal, tax, or financial advice. First Federal Bank recommends that customers conduct their own research and consult with professional legal and financial advisors before making any financial decisions. Links to third-party websites may be provided for your convenience; however, First Federal Bank does not guarantee the reliability, accuracy, or safety of the information, products, or services offered on these external sites. We are not liable for any damages resulting from the use of these links, and we do not investigate, verify, or endorse the content or opinions expressed on any third-party sites.

Leave us a comment and join the conversation.