How to Prepare for Buying a Home

Posted in Featured, Home Loan Insights, Mortgage, Peoples Progress e-Newsletter

Many people try to buy a home backwards, a frustrating and unsatisfactory problem for all parties. It makes us sad when we see it happen. What do we mean by buying a home “backwards”? People who start home shopping before researching their loan options, learning what they can really afford, and uncovering all the costs associated with home-buying process. For the inexperienced buyer, going into a home purchase ill-prepared is certain to lead to...

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Renting vs. Buying a Home

Posted in Home Loan Insights, Managing Your Money, Mortgage, Products and Services

Before you go hunting for a new home, the FDIC has some things for you to think about. It’s all over the news: home prices are at historical lows, interest rates are super-low. So, the story goes, don’t miss out on this rare opportunity to buy a home for your family. Well, not so fast. A new home can be a really good move. But it’s not for everybody. Here are the top reasons to rent and to buy. Why Rent? Freedom to move: If you unexpectedly...

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Ways to Save When Remodeling

Posted in Home Loan Insights, Peoples Bank News

Does your house need a “facelift”? If, so you don’t have to move – just spice things up by remodeling. Here are some ways to keep the costs and your stress level down: Create a plan. Take the time to figure out what you like by looking through decorating magazines and tear out pages. Create a “layout” for the project, including space for new appliances, furniture, etc. to help save on late costly decisions. Shop around and do research on...

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