3 Reasons to List Your Home in November
Monday, 17 November 2014 by Mercer Savings Bank
Some owners hesitate to market their homes between Halloween and New Year’s Day, believing the holiday season to be an off-peak time to sell. But the idea that houses don’t sell in November and December comes from outdated historical trends. In fact, several studies show that, on average, homes listed during this time are more likely to
- Published in First-Time Homebuyer
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House Hunting? 9 ‘Flaws’ You Might Want to Ignore
Monday, 10 November 2014 by Mercer Savings Bank
In the market for a house? You probably have a list of all the things you want—a big backyard, a farmhouse sink, hardwood floors—but ironically, that list might actually cause you to overlook your dream home. “When people are house shopping, they have a picture of what the house needs to look like, but if
- Published in First-Time Homebuyer, News & Events
7 Things to Always Do Before Buying a Home
Tuesday, 28 October 2014 by Mercer Savings Bank
Maybe you’ve decided to take the plunge and buy your first home, or you’re already a homeowner and are ready to move into a new place. Whatever reason prompted the move, here are seven things you need to do before buying a home. 1. Clean up your credit score. Your credit score will be reviewed
- Published in First-Time Homebuyer
5 Tips to Stage Your Home for the Fall Season
Tuesday, 23 September 2014 by Mercer Savings Bank
If you’ve had your home on the market throughout the spring and summer seasons and it still hasn’t sold, you might be starting to sweat. The heat and pressure are on, and it’s probably hard to believe that fall is already here. Once the cold sets in, the number of buyers out there starts sinking like
- Published in First-Time Homebuyer, News & Events
4 Actions Every Homeowner Should Take Right Now
Monday, 16 June 2014 by Mercer Savings Bank
What makes something worth the time and the money? When it comes to your home, it’s all about long-term benefits. These four actions will save you tons of time and money down the road! Plant Trees If you have a yard that can handle it, planting a few trees on your property will go a
- Published in First-Time Homebuyer, News & Events
ICBA and Mercer Savings Bank Provide Tips for First-Time Homebuyers
Monday, 09 June 2014 by Mercer Savings Bank
Community bankers serve as an excellent resource for consumers looking to purchase a home and plan for a mortgage With the summer real estate season upon us, many Americans are considering purchasing a home over the next few months. The total mortgage originations market is estimated to be around $1 trillion in 2014. With that
- Published in First-Time Homebuyer
Need a Loan? Now’s the Time to Hit Up Small Banks
Monday, 19 May 2014 by Mercer Savings Bank
If small businesses are the motor of the economy, small banks are providing much of the gas. According to Inc.com, in March, small bank lending to small businesses went up, as loans from big banks and alternative lenders dipped. This is good news for entrepreneurs still trying to dig out from the recession, or looking for cash to
- Published in First-Time Homebuyer
Qualifying for a Mortgage Loan
Wednesday, 16 April 2014 by Mercer Savings Bank
Most people know about the many benefits and rewards of becoming a homeowner. The challenging part is knowing what it takes to qualify for a mortgage loan. There is a lot of different information that is taken into consideration to determine whether you’ll qualify for a mortgage. Ultimately, it comes down to four things: credit, down
- Published in First-Time Homebuyer
Important Information You Need To Uncover When Buying Your First Home
Thursday, 10 April 2014 by Mercer Savings Bank
RATES Ask for a list of current mortgage interest rates and whether the rates being quoted are the lowest for that day or week. Ask whether the rate is fixed or adjustable. Keep in mind that when interest rates for adjustable-rate loans go up, generally so does the monthly payment. If the rate quoted is
- Published in First-Time Homebuyer