We hear it practically every day these days …. data breach. Some “entity” has gained access to a merchant’s customer accounts, credit card numbers, social security numbers, etc. To make matters worse, phone scammers are on the rise and are draining many seniors of their nest eggs. What can you do to make sure your […]
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When it comes to covering your family’s future educational needs, paying unexpected medical bills, or giving your home a much-needed face-lift, one potential source of funds that is often overlooked is the Home Equity Line of Credit (HELOC). Is getting a HELOC, based on utilizing the available equity in your home, a good idea? The […]
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In this month’s installment, let’s briefly highlight some of the characteristics of the most common interest rate and mortgage types we touched on last month. They are: Fixed Rate Mortgages Adjustable Rate Mortgages (ARM) Conventional Mortgages Jumbo Mortgages Government Insured Mortgages (FHA, VA, USDA) Interest Rate types in brief: Fixed-Rate Mortgage Loans The most common […]
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In this month’s installment, let’s talk about steps in prequalifying for a mortgage and touch on some of the most common mortgage types. Prequalification Steps After you have reviewed your finances and have a general idea of how much house you can afford, the next step is to get “prequalified” for a mortgage loan. Getting […]
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Owning a piece of the “American Dream” by buying a new home can be one of the most satisfying things many of us can experience. However, it can be confusing given all of the various terms and types of financing options that are available. Let’s look at a few of these items over the next […]
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Did you know that you can now use your phone or Smart Watch to make purchases with your F&M debit card? You can! Conveniently, safely and securely with a mobile wallet app. What is a mobile wallet app? A mobile wallet or digital wallet is essentially a “virtual wallet” application (app) that stores your debit or payment card information […]
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Thinking about getting a new vehicle? Here are a few tips on how to get a good deal and how to avoid some common financial mishaps along the way. Research, research, research! Arm yourself with knowledge before you hit the dealership. If you have a particular vehicle in mind, there are several internet sites that […]
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Budgeting your spending to avoid over-spending is a mantra we all hear from the “experts,” but it takes a lot of fiscal discipline to pull off. Don’t despair! Following are a few fairly painless ways to accomplish the same goal: Holding onto your money! Make a List and Stick to it! How many times have […]
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The internet is transforming businesses and consumer experiences in new and exciting ways every day and the trend is only going to continue. Banks in particular have embraced this change, and following are some of the benefits F&M Bank offers to support this new age: ATM Access 24/7 It all started with ATM’s that allowed […]
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Another year on the horizon and the stock market is in turmoil, so what can you do the shore up your finances during these uncertain times? Here are a few simple tips to help you keep your sanity (and your wallet) from washing away with the tide: Review Your Car Insurance Deductibles. Aside from state-mandated […]
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