Submitted by hkoltermann on Wed, 02/13/2019 - 09:15
The Basics of a CD
Have you ever overheard your co-workers in the lunch room chatting about how CDs are looking like a solid investment again? No, they were not talking about the new Justin Timberlake CD - although that doesn't sound like a bad investment either - they're talking about Certificates of Deposit. Don't worry if you were out of sync though, you're not alone, and this blog is for you!
What is a Certificate of Deposit (CD) and how does it work?
Submitted by hkoltermann on Fri, 01/04/2019 - 14:46
If you are buying a home, it may be the largest purchase you make during your lifetime. You want everything to run smoothly from finding the right house, to having your mortgage approved. You may discover that there is a lot of terminology to learn when it comes to mortgages.
To understand the main aspects of the mortgage process, take some time to familiarize yourself with some of the terminology home buyers encounter:
Submitted by hkoltermann on Fri, 01/04/2019 - 11:28
Owning and renting each have their advantages, but what’s best for you depends on your circumstances. Some great things about owning are listed below!
You’ve probably heard the phrase, “pay yourself, not your landlord.” Basically, it means if you own your own home, you can build equity, and eventually, you may be able to sell your home for a profit, or pass it down through generations. As a renter, the equity in the property where you live doesn’t belong to you, and someone else will reap the benefits of the ownership.
Submitted by hkoltermann on Thu, 11/29/2018 - 11:25
Many people make their resolutions for self-improvement in the new year. While the most popular resolutions tend to focus on physical health, the start of a new year is also a perfect time to prioritize your financial wellness.
Submitted by hkoltermann on Thu, 10/18/2018 - 12:56
Starting a business involves planning, making key financial decisions and completing a series of legal activities. Read on to learn about each step.
Conduct Market Research
Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.
Submitted by hkoltermann on Tue, 08/28/2018 - 13:45
Cash Management, also called Treasury Management, may sound formal, but it’s really not. Cash Management is all about helping business clients manage cash flow through a series of products and services. It could be as simple as accessing accounts online, or more complex like payroll and HR needs. Whatever the need, Cash Management provides time-saving tools to manage the day-to-day financial activity of a business, allowing the business owner to do what they do best…run their business!
Submitted by hkoltermann on Thu, 08/02/2018 - 09:52
What is credit? Why does it matter? And how do you find out if yours is good or needs improvement? These are all really good questions to ask as your credit helps different companies determine whether or not they will lend to you. Poor credit may affect everything from credit cards, car loans and apartment rentals, to school loans, and buying your own home.
Your credit-worthiness is determined by your credit score; a 3 digit number calculated by five different categories of information in your credit report, including:
Submitted by hkoltermann on Tue, 07/17/2018 - 10:10
Finalizing your mortgage is perhaps the most crucial step in the home-buying process. It’s important to be prepared for pre-closing and closing, so you know what to expect. The lenders here at First Bank Financial Centre have decades of experience and serve as your trusted advisor throughout the entire process. Our goal is to ensure that you feel completely comfortable with each step. Here is what to expect:
Immediately Upon Acceptance of the Final Contract: