How a Change in Mortgage Rate Impacts Your Homebuying Budget

April 06, 2021 by First Federal Bank

Topics: Mortgage Lending, Home Buying

When to Consider a Second Mortgage

March 31, 2021 by First Federal Bank

If used responsibly, a second mortgage can act as a powerful tool to help you achieve your financial goals. First, though, you’ll want to think carefully about the potential benefits and risks of taking out a second mortgage on your home. It’s also wise to educate yourself on the best ways to use a second mortgage and whether this step is right...

Topics: Mortgage Lending, Home Owners

What Is Collateral and Why Is It Important

November 23, 2020 by First Federal Bank

The fundamental difference between a secured and unsecured loan is the collateral requirement. But what is collateral? Why is it important? And what is a lien? Here’s everything you need to know:

Topics: Small Business Lending, Mortgage Lending, Personal Lending, Lending

Real Estate Trends You Need to Know

November 18, 2020 by First Federal Bank

The real estate market is an ever-evolving entity, subject to buyers’ wants, sellers’ needs, and the state of the economy. These influences can make selling or buying a home exceptionally complicated. That is why you need some insider information. When you are shopping for a new home or getting ready to put your home on the market, remember the...

Topics: Mortgage Lending, Home Owners, Home Improvements

Save Time And Money With a Construction-to-Permanent Loan

November 04, 2020 by First Federal Bank

Looking to build a new home? Want to save time and money by only paying one set of closing costs? Consider a construction-to-permanent loan by combining the financing associated with your construction, renovation, or permanent mortgage – one loan, one closing, and one set of fees.

Topics: Mortgage Lending, First Home, Home Owners

Loan Options to Fit Your Project and Budget

October 28, 2020 by First Federal Bank

First Federal Bank provides you with online and mobile banking services, credit and debit cards, plus checking and savings accounts. But did you know that we can also help you borrow money for your home?

Topics: Mortgage Lending, First Home, Lending

Which Debt Should You Pay Off First?

September 07, 2020 by First Federal Bank

Between credit cards, student loans, car loans, and mortgages, you’re probably carrying some debt. On the surface, managing your debt can seem relatively easy — just make minimum payments. However, if you’d like to pay down your debts and increase your cash flow, you have some choices to make. Namely, which debt should you prioritize? Here’s a...

Topics: Mortgage Lending, Personal Banking, Saving Money, College, Financial Education, Credit Cards, Personal Lending, Taxes

Planning for a Home Down Payment

August 14, 2020 by First Federal Bank

Buying a home is a milestone worth celebrating, but it takes planning and preparation before signing the closing documents to ensure the purchase doesn’t become more of a burden than a blessing. Proper planning involves determining how big of a down payment you need and saving money for that down payment. Here are some pointers to get you...

Topics: Mortgage Lending, First Home, Home Owners, Home Improvements

First Federal Bank Moves to Larger Jacksonville Office

May 26, 2020 by First Federal Bank

Jacksonville, FL - First Federal Bank Residential Lending Division has moved to a bigger, newly remodeled office to accommodate their growth. Located near St. John’s Town Center, First Federal Bank purchased the 28,644 square foot building to house several departments of the Residential Lending Division, as well as warehouse commercial lending...

Topics: Company News, Mortgage Lending

A HELOC Is a Flexible Way to Benefit from the Equity in Your Home

March 09, 2020 by First Federal Bank

Sixty-five percent of Americans are homeowners. For many, their most valuable financial asset is their home. If you are among them, there may come a time when you need access to the equity you have built up in your home. A Home Equity Line of Credit (HELOC) could be just the answer.

Topics: Mortgage Lending, Home Owners

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