As parents, we teach our kids many skills and habits to become successful adults, from brushing their teeth and riding a bike to dinner table manners and learning to read. But, what about the essential skill of money management and the importance of saving?
The dueling trends of rising home prices and rising rates have some first-time home buyers anxiously waiting on the sidelines, wondering if now is the right time to buy or if they should continue renting. With affordability as an issue, renting may seem like a better option, at least in the short term. However, rental rates are also rising, causing quite the conundrum for first-time home buyers. With an increase in mortgage and rental rates, many first-time home buyers are pondering the question - Should I rent or buy?
To anyone following the real estate market over the last year, it likely comes as no surprise that rising prices and rising interest rates are producing a strain on housing affordability for many American families. On June 15, the Federal Reserve announced an additional 0.75% rate hike to combat inflation, making it the highest rate increase since 1994. Given the current market landscape, is now a good time to purchase a home in Southwest Michigan?
Companies sometimes try to get new customers by sending “prescreened” offers. Find out how prescreening works and what happens when you opt out.
Summer is approaching quickly, and perhaps you’re finding yourself dreaming of creative projects or planning a great event. Consider a Home Equity Line of Credit (HELOC) with Sturgis Bank as a resourceful way to finance your next home improvement, vacation, or upcoming wedding!