Posted December 26, 2018
Buying your first home can be an exciting and often overwhelming time. It’s a major decision that requires plenty of thought and planning. Before you fall in love with a house’s perfect kitchen or beautiful curbside appeal, consider these not so obvious factors that play a vital role in happy homeownership.
1. Select a high-quality, experienced realtor.
When you first begin your house hunt, be sure to hire a real estate agent who is respected and generally trusted. Along with your mortgage lender, your realtor is an integral part of successfully finding and closing on your dream house. Choosing the right realtor will save you time, energy, and money in the long run.
Posted November 9, 2018
When choosing the bank that’s right for you, it’s wise to consider community banks. Community banks offer unique advantages to both personal and business banking. What’s a community bank? As defined by bankrate.com, “a community bank is a locally owned and operated financial institution that addresses the needs of a community by offering loans to small-business owners or personal loans to individuals. It’s the place to take your money if you’re concerned about malfeasance by corporate banks, or if you appreciate the community bank’s role in fostering small businesses and growing the local economy.”
What exactly makes a community bank different than a corporate bank? The following are just a few of the advantages community banks have to offer.
1. Better customer service
What would you do if you had $1,000 extra dollars? With the “This Month’s On Us” giveaway, AimBank and AimMortgage are paying one lucky winner’s rent or mortgage payment up to $1,000 this month. In honor of this giveaway, we are exploring some of the top most effective ways you can spend $1,000 extra dollars.
1. Pay off debt.
Paying off debt and, in particular, credit card debt, is one of the most effective ways to spend extra money. Many personal finance experts advise using the extra $1,000 to pay down the balance of cards with the highest APR first in order to see the greatest financial benefit.
Another effective way of paying down debt is to use Dave Ramsey’s “debt snowball” method of lining up your debts from smallest to largest and paying off your smallest debts first. Many find this technique creates momentum for faster debt elimination as it allows you to see immediate results by paying off your smallest balances first. For those who like to mark things off lists, this technique is especially emotionally satisfying.
Saving money is something that tops many to-do lists. Actually meeting those savings goals, however, can be a struggle. These helpful tips will put you on the path of to saving your hard-earned money and reaching your financial goals.
1. Set your priorities.
“Define what’s important to you,” advises Jonathan Hill, AimBank’s Lubbock market president. “As you’re making decisions throughout the year financially, ask yourself, ‘Does this financial decision get me closer to a priority I’ve already set, or does it get me further away from that priority?’”
Whether your goals are something large like a down payment on a house or a shorter-term goal like an upcoming vacation, making all purchasing decisions with your priorities in mind will make it easier to walk away from tempting impulse purchases that will take you further away from that goal.