Are You Ready to Own a Home?

September 01, 2021 by First Federal Bank

Owning a home is a large part of adulthood for many, but it can be daunting to think of everything that comes with the process of becoming a homeowner. From being financially stable, to accounting for possible emergencies, there are certain things to be aware of when it comes to purchasing a new house.

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

Building Your Home's Curb Appeal

July 12, 2021 by First Federal Bank

With the real estate market on fire, you might be considering selling your home. As the saying goes, first impressions are everything. The curb appeal of your home sets a clear standard of excellence. If you feel like your property could stand to pop a bit more, building curb appeal can be easy, affordable, and well worth the effort.

Topics: Mortgage Lending, Home Owners

What's Ahead For Mortgage Rates This Week - June 7, 2021

June 07, 2021 by First Federal Bank

Last week’s economic reporting included readings on construction spending and public and private-sector employment data. Weekly reports on mortgage rates and jobless claims were also released.

Topics: Mortgage Lending

82,338 Great Reasons to Buy a Home Today

April 21, 2021 by First Federal Bank

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

Topics: Mortgage Lending

How a Change in Mortgage Rate Impacts Your Homebuying Budget

April 06, 2021 by First Federal Bank

Topics: Mortgage Lending

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

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

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