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    (815) 936-7600

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    333 E. Court Street
    Kankakee, IL 60901

    Phone: (815) 936-7600
    Fax: (815) 932-5009

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    Mon - Fri 8:00am - 5:00pm

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      333 E. Court Street - Kankakee

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Mortgages

Home Blog Mortgages

  • How Life Events Can Affect Your Mortgage

    April 12, 2021

    Categories: Budget, Family, General, Mortgages, Personal Finances, Saving

    If you have a mortgage, you’ve committed to making a house into a home and settling in for at least the next few years – if not decades. You’re going to live a lot of life in that home! Did you know that different life events can affect your home loan? Peoples Bank of Kankakee County is here to help you understand how life events can affect your mortgage.

    Getting Married

    If you’re...
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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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    Tags: HELOC, home equity line of credit

  • 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 Today

    If buying a new home seems far into your...
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    Tags: buying a home, home buyer

  • 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 Limits

    Before 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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    Tags: home buyer, house

  • 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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    Tags: down payment

  • 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 Spending

    As you have just made a big dent in...
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    Tags: savings