May, 2014

Should I Refinance My Home? | The First National Bank Blog

May 20th, 2014
Should I Refinance My Home? | The First National Bank Blog image

What is Refinancing? When you refinance your home, you’re basically replacing an old mortgage loan with a new one at a lower interest rate. This sounds good, and it definitely can be, but bear in mind that there are fees and other costs associated with refinancing that can nibble away at the money you saved via your new, lower interest rate. Refinancing also involves a lot of paperwork, so you may want to hire a professional to look things over before signing on the dotted line. That said, here are some things to consider prior to refinancing: How much do [ read more ]

Mortgage Tips for First-time Homebuyers | The First National Bank Blog

May 13th, 2014
Mortgage Tips for First-time Homebuyers | The First National Bank Blog image

In this month’s shared blog, Investopedia offers a guide to help first-time homebuyers navigate what will probably be the biggest purchase of their lives. Before you take out a mortgage, consider all the factors involved in home buying. http://www.investopedia.com/articles/mortgages-real-estate/08/first-time-homebuyer-guide.asp If you have a tip for people buying their first homes, leave a comment below. Advice appearing in this blog is solely that of the author and its contributors and does not necessarily reflect the opinions of The First. Financial decisions should be made in consultation with your mortgage lender or financial advisor. [ read more ]

How Do I Choose A Mortgage Lender? | The First National Bank Blog

May 6th, 2014
How Do I Choose A Mortgage Lender? | The First National Bank Blog image

Choosing the Right Mortgage Lender You’ve found the perfect home. Now it’s time to find the perfect mortgage to help pay for it. There are a lot of options available. Do you want to go for a 30-year note or pay down the debt more aggressively by taking the 15-year route? Is an Adjustable Rate Mortgage a good idea or should you opt for the stability of a fixed rate loan? The first step to answering these questions usually involves choosing a good mortgage lender. Some things to consider are: Interest Rates: Some mortgage lenders are better than others at [ read more ]