A Comprehensive List of the Four Most Popular Types of IRAs
Tuesday, 10 December 2019 by Mercer Savings Bank
Deciphering retirement accounts can be overwhelming. We’ve broken down the four most popular types of IRAs, how to use them, and who they’re best for.
- Published in Miscellaneous, Saving Tips
5 Signs You’re Ready to Buy a Home
Tuesday, 16 April 2019 by Mercer Savings Bank
Taking the plunge into homeownership is equal parts exciting and nerve wracking. But how do you know when you’re truly ready? The answer is different for everyone. To help you decide, though, here are five signs that perhaps the time has come for you to buy your first home. 1. You’re financially prepared to buy
- Published in First-Time Homebuyer
The Best Apps to Manage Your Money
Monday, 18 March 2019 by Mercer Savings Bank
Sometimes, a trip to the bank gets pushed to the bottom of your priority list when you don’t have time. Luckily, it’s 2019 — and there are plenty of free apps available to help you bank smarter and keep track of where your money is going, all from the convenience of your phone. See our
- Published in Online Banking
Your Complete Dictionary of Common Mortgage Terminology
Wednesday, 14 November 2018 by Mercer Savings Bank
Here’s a glossary of mortgage terms and related phrases to help you decipher the process. List of Common Mortgage Terms and Definitions Adjustable-Rate An adjustable-rate mortgage is one of the two most common mortgage types. Its interest rate changes after a predetermined fixed period (such as one year, three years and so on). It’s known
- Published in First-Time Homebuyer, Mortgages
Do I Need a Business Checking Account for My Side Job?
Wednesday, 11 July 2018 by Mercer Savings Bank
From freelance writing to selling artwork to curating a YouTube channel to photography, there are a lot of ways to make money on the side of your “actual” job. But the question is — do you need to have a business account for the side job? If your side business is incorporated or an LLC,
- Published in News & Events
Should I Pay Extra on My Mortgage Payment?
Wednesday, 16 May 2018 by Mercer Savings Bank
Whether or not to pay extra on your mortgage payments is a question a lot of homebuyers struggle with. Of course, as with all things financial, it depends on your personal situation. But we’ll go over reasons why it’s beneficial to pay extra on your mortgage, as well and reasons why it might not be
- Published in News & Events
Planning for the Hidden Costs of Homeownership
Wednesday, 04 April 2018 by Mercer Savings Bank
Are you a first-time homebuyer ready to take the plunge? Before you finalize your budget for a new home, make sure you take these hidden costs of homeownership into account. 7 Hidden Costs of Owning a Home 1. Home Repairs This is one of the biggest costs of owning a home that many people forget
- Published in Mortgages
Mortgage 101: A Beginner’s Guide
Thursday, 22 March 2018 by Mercer Savings Bank
Grow Your Wealth with Homeownership
Wednesday, 01 November 2017 by Mercer Savings Bank
There are a lot of financial benefits that come with homeownership: you accumulate wealth, you receive special tax breaks, you save money in the long run compared to renting, and you build your credit along the way. Most first-time homeowners aren’t entirely new to large financial obligations because they’ve already invested in college or a
- Published in First-Time Homebuyer
The Many Benefits of a Green Home
Wednesday, 16 August 2017 by Mercer Savings Bank
If you like saving money and saving the environment, then going green may be the way for you. Going “green” is when you make your home more energy-efficient and environmentally-friendly through certain modifications and additions to your home. You will be able to reduce waste of resources, reduce greenhouse gas emissions, and more. While it
- Published in First-Time Homebuyer