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Answer These Questions Before Buying a Home
October 12, 2020
Categories: Budget, Mortgages, Saving
Buying a house is most likely the biggest purchase you’ll make in your lifetime. Asking lots of questions and having a well-thought-out plan before making the decision is crucial. Though it may seem overwhelming, we’re here to help you focus on some of the most important considerations before making your big purchase.
Questions to ask yourself: Am I planning...
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Home Equity Line of Credit: What You Should Know
January 6, 2020
Categories: General, Mortgages
We’ve probably all heard about a home equity line of credit. But what is it really and how can we use it? In today’s blog, Peoples Bank of Kankakee will talk you through what a HELOC is, what it can be used for and a few other top pieces of information you’ll want to know!
What is it?A home equity line of credit, or HELOC, is a loan in which the lender agrees to lend a maximum amount within...
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5 Best-Kept Secrets for Buying a Home
May 23, 2019
Categories: Budget, Mortgages, Personal Finances, Saving
Buying a home may be a common practice for the average American, but it is not a simple one. This is especially true if you are new to the game and have yet to learn the ins and outs of the process. No need to worry, we have plenty of experience from our years in the home buying business and are willing to share the best-kept secrets on the market!
1. Start TodayIf buying a new home seems far into your...
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7 House Buying Tips to Save Money
March 29, 2019
Categories: Budget, Mortgages, Saving
It’s finally house hunting season and you could not be more excited to get the ball rolling on your big purchase! Before you hit the road or the search bar, take these 7 tips into consideration.
1. Know Your LimitsBefore signing the papers or falling in love with the first home you see be realistic about what is in your budget. We recommend spending no more than 25 percent of your monthly income on...
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How to Save for A House Down Payment
March 22, 2019
Categories: Budget, Mortgages, Personal Finances, Saving
If you’re looking to buy a house, having a larger down payment will offer you a lot less financial stress in the long run. However, in order to put a larger sum of money down, you will need to take the right steps to save. Follow these 5 steps and you will be on your way to being a first-time home owner!
Step 1: Figure out how much you will need to save - If possible, secure a number or range on the amount you can responsibly spend on a house. You can plan to sit...
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So You’ve Bought Your First Home: Savings 101
March 22, 2019
Categories: Budget, Mortgages, Personal Finances, Saving
Congratulations! You’ve taken a big step in your financial future by purchasing your first home. As a new homeowner, you may be worried about the chunk of change you just spent, and your bank account may be looking a little slim right now. Luckily, Peoples Bank of Kankakee is here with a few simple saving solutions to help your funds increase.
Slow Your SpendingAs you have just made a big dent in...
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