First Federal Bank Blog

Refinancing a loan involves replacing an existing loan by paying off the debt with a new one. Ideally, the new loan has better terms or features to make the process worthwhile. This can help save you money in the long term or make your life easier in other ways.

That magical moment when your teenager reaches driving age can be both exciting and stressful. While you’re thrilled your child is now old enough to get behind the wheel, the reality of what that means will quickly begin to affect your wallet. Having a teen driver means extra expenditures, including higher insurance, dealing with potential...

When you want to securely store your money, you can choose to open one or more savings accounts at a financial institution. If you’re unsure how many accounts to open, it’s a good idea to consider the different reasons for having multiple savings accounts in mind before making a decision. 

Diving into the choppy waters of financial planning can feel intimidating, especially when you realize just how many types of accounts there are. Thankfully, many experts agree there are a few accounts everybody should consider holding to keep your money organized, set you up for the future, and even help grow your wealth.

Whether you’re shopping for your first car or a newer model, the first thing you should do before visiting the dealership is establish your financing options. Enlighten yourself with these basic auto financing terms so you know exactly what you’re agreeing to when signing the paperwork to fund your new vehicle:

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:

In today’s fast-paced, online-centric world, scammers have more tools than ever to separate you from your hard-earned money. These efforts often ramp up during the holidays season. It is important to know these major warning signs for financial fraud:

When it’s time to buy a new car, you’ll have plenty of decisions to make— such as figuring out what to do with your old vehicle. Most of the time, you’ll have to choose between selling your car privately and trading it in at a dealership. Each option has its pros and cons regarding factors like convenience and selling price. To help make the...

Using your financial institution’s mobile banking app makes paying bills, moving money, and completing other fiscal tasks more convenient. The ability to do so much on your phone or tablet is a welcome development of modern technology, and the continued advance of innovation should place even more handy features at your fingertips in the future.

Consolidation is a common and proven debt management strategy. In short, it involves combining multiple debts into a single payment, making your overall debt easier to handle. It may even reduce total debt via lower interest rates. However, consolidation is not always as simple as it seems — if it even works for your specific situation. Here are...