Is 20 Percent Down Necessary?

November 10, 2021 by First Federal Bank

Purchasing a home is a major decision, and it could be the most expensive financial transaction somebody ever makes. Therefore, it is important to get this right. One of the biggest hurdles for a new homeowner is coming up with enough money for the down payment. A lot of people believe they require 20 percent down to purchase a home. Saving...

Topics: Mortgage Lending

Shop Smarter This Holiday Season

November 10, 2021 by First Federal Bank

The holiday season is fast approaching, and you might be stressed thinking about how you are going to buy gifts for all of your friends and family. But it is possible to get everything you need as long as you set realistic goals.

Topics: Financial Education, Budgeting

Applying For A Mortgage? 3 Easy Ways To Make The Process Easier

November 09, 2021 by First Federal Bank

There are more than enough details involved in getting a mortgage and moving into your own home that you’ll want to know how to make the process as seamless as possible beforehand. However, there’s a chance you might not be aware of the things you can do to make it a little easier on yourself. If you’re currently looking for a home and are...

Topics: Mortgage Lending

Important Relationships During The Home Buying Process

November 08, 2021 by First Federal Bank

Purchasing a home is an exciting time, but there is also a lot to manage. There are a lot of text messages, phone calls, and emails coming in. It is important for potential homeowners to keep them straight. Who are some of the most important people during the purchase process?

Topics: Mortgage Lending

Customer Retention Basics

November 08, 2021 by First Federal Bank

When growing your business, it can be tempting to focus your efforts on winning new customers. However, repeat business is essential for your company’s long-term success. Courting customer loyalty can be more cost-effective than seeking out new patrons. While different strategies may work better in some industries than others, here’s a look at...

Topics: Small Business

First Federal Bank Receives A+ Health and Stability Rating

November 05, 2021 by First Federal Bank

First Federal Bank customers want to feel confident their financial institution is on solid financial footing, and is proud to have been rewarded an A+ rating – the highest health grade given out by – for the first quarter of 2021. Once per quarter, evaluates the financial health of every...

Topics: Company News

Gifting Stocks and Bonds

November 03, 2021 by First Federal Bank

Looking to share your wealth, benefit your loved ones, or teach a child about investing? Gifting stocks and bonds can be a great way to give your friends and family a financial boost. Here’s how you can express your generosity through gifting investments — and some possible pitfalls to keep in mind.

Topics: Investing, Financial Education, Family

Get Ready for the Holiday Season

November 01, 2021 by First Federal Bank

Summer may only just be behind us, but the holiday season is closer than you think. A small business can live and die based on how it performs during these crucial months of the year, so it’s essential that you prepare your business so that you’re ready for what lies ahead.

Topics: Small Business

Teaching Your Kids the Responsibility of Owning a Pet

October 29, 2021 by First Federal Bank

Have your kids expressed interest about adding a dog, cat, hamster, or other pet into your family? Although you want to say yes because you know how much your kids want a pet, you are worried they aren’t ready for the responsibility of caring for a living creature. The following tips will help you communicate all that goes into being a good pet...

Topics: Kids, Family

Preparing for Small Business Saturday

October 27, 2021 by First Federal Bank

Small Business Saturday takes place after Black Friday and encourages shoppers to support the small businesses in their community. To get the most out of this annual event, your small business needs to prepare.

Topics: Small Business, Entrepreneurship

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