Stay up to date with the latest on fraud alerts, events, and banking news!
Rise In Mailbox Fraud A surge in crimes targeting the U.S. Postal Service has some experts warning Americans against sending their checks through the mail. The USPS last month cautioned that it has seen an increase in attacks on letter carriers and mail fraud incidents, with 305 mail carriers robbed in the first half of
In a competitive market, it’s important to plan ahead. Here are 8 tips to help you win a bidding war: #1. Determine Price: Carefully consider how to price your offer, as it will be the first thing the seller sees. In a competitive market, you may need to match or slightly exceed the list price
Down Payment – This is the initial payment made by the buyer at the time of purchase. It is typically a percentage of the home’s purchase price, and the exact amount varies depending on the lender and loan type. Generally, the larger the down payment, the lower the monthly mortgage payment and overall interest paid
Have you ever wondered what are the benefits of home ownership? Here are a few examples of what owning a home can provide you: ROOTS: Buying a home can provide a sense of stability and roots in a community, which can be particularly important for families or people who want to put down roots in
The below ten commandments outline what not to do during the mortgage application process: Thou shalt not make large purchases: Avoid making any large purchases on credit, such as buying a car or furniture, as it can affect your debt-to-income ratio and credit score. Thou shalt not quit or change jobs: Quitting or changing jobs
Did you hear the exciting news? The Federal Housing Finance Agency (FHFA) announced that it would rescind a controversial loan-level pricing adjustment (LLPA) for conventional borrowers with debt-to-income (DTI) levels at or above 40%. The FHFA, which regulates Fannie Mae and Freddie Mac, had previously delayed implementation of the DTI LLPA until August. With its rescission, it will no longer
Dart Bank Treasury Management services can provide businesses with the tools and support needed to manage their cash flow more effectively, improve efficiency, and make more informed financial decisions. Our team of experts are available every step of the way and have a commitment to providing fast & reliable relationship banking. Below are a few
Have you ever thought about building your dream home? We want to help turn those dreams into a reality! A construction loan can be a good option for those who are looking to build a new home or undertake a major renovation project, as it provides the flexibility and financing needed to make the project
MSHDA Down Payment Assistance will now be streamlined by offering one DPA program for $10,000. Previously only available in select zip codes throughout the state, MI 10K DPA will now be available to all eligible homebuyers and homeowners in Michigan, helping to make housing more attainable for Michiganders by eliminating one of the most common
There are multiple factors that impact mortgage rates, and various triggers can cause them to oscillate up and down. INFLATION: The impact of inflation is significant for mortgage lenders as interest rates tend to increase when inflation rates surge. FEDERAL RESERVE: Although the Fed doesn’t have direct control over rates, changes in the Fed funds