How to Evaluate Banks When Looking at Mortgages
Wednesday, 16 March 2016 by Mercer Savings Bank
Buying a home can be an exciting adventure. Some people search for months for the perfect home, while others spend only weeks. No matter your preferences for buying a new place to call home, it’s imperative that you be financially ready to make an offer when you find a property you are interested in. To
- Published in First-Time Homebuyer, News & Events
5 Things to Consider When Applying for Mortgages
Wednesday, 09 March 2016 by Mercer Savings Bank
Whether it’s your first time applying for a mortgage loan or your 5th, it is imperative that you take into consideration the five most important application factors. Here’s a close look at these factors and why they matter so much. Go with a reputable lender It’s very likely that purchasing a home will be the
- Published in First-Time Homebuyer, Miscellaneous, News & Events
4 Ways to Stretch Your Retirement Fund
Tuesday, 19 January 2016 by Mercer Savings Bank
You may have reached retirement, but financial planning doesn’t stop once you stop working. Frugal living and wise financial foresight can help ensure a comfortable life, and these simple tips will help you maintain stability for decades. Two of the biggest mistakes that people make when they reach retirement are underestimating how long they will
- Published in Miscellaneous, News & Events, Saving Tips
RETIREMENT: HOW IRA’S CAN HELP YOU
Tuesday, 05 January 2016 by Mercer Savings Bank
If you are like me, retirement may appear to be far, far away. Perhaps you are closer to retirement and you are already thinking about what you want to do. I know I envision trips, maybe a new vehicle and hopefully some relaxation! Whether you are close or not, it’s always a good time to
- Published in News & Events
Should You List in January Or Wait for the Spring Selling Season?
Monday, 21 December 2015 by Mercer Savings Bank
Thousands of homeowners speak to their real estate agent this time of year to consider their sale options — typically for the spring. It takes a few months for the agent and seller to plan and prep to list the home, so starting now makes sense. Over the years, I’ve asked sellers if they would consider listing their
- Published in News & Events
Are You Ready to Buy a Home?
Monday, 02 November 2015 by Mercer Savings Bank
Your parents did it. Your friends are doing it. But how do you know if you’re ready to buy a home? The decision to become a homeowner is a personal one that must be based on your life situation and finances. Ask yourself these six questions to determine if you’re real estate-ready. 1. Can I
- Published in First-Time Homebuyer
3 Ways To Pay Off Your Mortgage Faster – And Save Money
Monday, 18 May 2015 by Mercer Savings Bank
If paying off your mortgage early is your aim, always ask if your lender allows prepayments, without penalty. You don’t want to pay toward the principal and get penalized for it. Also be sure your extra money is being put toward the principal, rather next month’s mortgage payment. That won’t reduce your interest payments. Starting to pay off
- Published in First-Time Homebuyer
5 Ways to Save Money as a New College Graduate
Monday, 11 May 2015 by Mercer Savings Bank
Graduation season is about to be in full swing. With that time comes a lot of new changes – leaving college behind, possibly moving to a new location and finding your first “real” job amongst many other things. With just over 19 million students enrolled in college as of 2014, there are sure to be
- Published in Saving Tips
When You Change Your Name, Tell These Organizations
Monday, 13 April 2015 by Mercer Savings Bank
From raucous bachelor and bachelorette parties to the subsequent – and perhaps more peaceful – honeymoon, tying the knot can be an unforgettable milestone. As much as you’ll want to simply enjoy the entire experience, there are a handful of administrative tasks that will require your attention. One such chore, for those altering their surnames,
- Published in News & Events
Use Your Refund to Increase Your Home’s Value
Monday, 23 February 2015 by Mercer Savings Bank
Sitting by the mailbox, waiting for your tax refund? Stop waiting and start thinking about the best ways to invest that money in your home. At the end of last tax season, the average tax refund was $2,847. Your home is likely one of your biggest assets, so it makes good financial sense to take
- Published in First-Time Homebuyer, News & Events