The Pros and Cons of Refinancing Your Mortgage

April 04, 2022 by First Federal Bank

When interest rates dip lower than your current rate, you might be tempted to refinance your mortgage. After all, lower interest rates should equal lower monthly payments. This means you could have more room in your budget while still paying on your home. Refinancing, however, is a serious financial decision and should be based on several...

Topics: Homeowners, Mortgages / Home Equity

Can You Invest with Your HSA?

April 01, 2022 by First Federal Bank

A health savings account is a valuable tool for saving money while receiving the medical care and treatment you need. But paying for doctor’s bills and prescription drugs aren’t the only ways you can use your HSA. You can use the savings to invest and prepare for future medical costs during retirement. Here’s a look at how that works:

Topics: Financial Education

Design Tips for Improving Your Master Bedroom

March 30, 2022 by First Federal Bank

Your bedroom should be more than just a place to lay your head. It should serve as a refuge, a comfort, and a respite from the rest of the world. If your bedroom is lacking the calm you need, the design inspiration you want, or the amenities to make it a place you enjoy spending time in, consider these tips to update your space:

Topics: Homeowners

Case-Shiller Home Price Indices: Home Prices Grow at a Near-Record Pace

March 30, 2022 by First Federal Bank

U.S home prices grew at a near-record pace in January according to the National S&P Case-Shiller Home Price Index; year-over-year home prices rose by 19.20 percent in January as compared to December’s reading of 18.90 percent. Home prices rose 1.80 percent on a month-to-month basis from December to January.

Topics: Mortgages / Home Equity

Homeownership a Key to Building Wealth

March 29, 2022 by First Federal Bank

Topics: Mortgages / Home Equity

Ways to Build Camaraderie Among Remote Employees

March 28, 2022 by First Federal Bank

As more work teams move to a remote setting, it can be difficult at times to promote camaraderie between associates. Here are a few ways you can build teamwork, even when most of your employees are working from home:

Topics: Small Business

Tips for Sticking to Your Fitness Goals

March 25, 2022 by First Federal Bank

If you recently started working out to improve your health, you may be hitting a wall when it comes to motivation. As time progresses, it can be hard to stick to your workout goals. But with these tips, you may find it easier to continue on your fitness journey:

Topics: Lifestyle

Event Sponsorship and Marketing

March 23, 2022 by First Federal Bank

Marketing is a great way to increase awareness of your business and to ensure you are reaching the right customers. One method of marketing is event sponsorship, which offers a more unique way of advertising.

Topics: Small Business

Merging Accounts When You Get Married

March 21, 2022 by First Federal Bank

Financial problems are one of the leading cause of divorce. According to a survey of 1,000 people, nearly half of American couples fight over money. But no matter the state of your finances, once you are married, all of your assets are merged in the eyes of the law. Coming up with a financial plan that works for your marriage is therefore of the...

Topics: Financial Education, Family

Changing Jobs and Your Retirement Accounts

March 18, 2022 by First Federal Bank

If you’ve left your former job for a new employment opportunity, you’re likely leaving behind a substantial balance in your employer-run retirement account. You have multiple options available to you when deciding how to handle those funds, so make sure you consider each one to find the solution that’s best for you:

Topics: Retirement, Financial Education

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