Choosing a new credit card can present challenges, even for people with established credit. Which is more important: a low introductory interest rate or an attractive long-term rate? What about the annual fee? And rewards? The answer depends on your situation and goals.
At CresCom Bank, we believe in supporting our local communities, and that support extends to backing local businesses with our pocketbooks. The benefits of keeping your spending within the community at locally owned businesses goes beyond putting dollars into local pockets — it also boosts local non-profits, helps the environment, creates local jobs, improves the area’s atmosphere and more. Check out this infographic to learn more about how spending locally can help our community thrive!
Getting your first credit card can be an exciting experience — and, when used responsibly, a credit card can offer a degree of financial freedom, simplify purchases (especially those made online) and act as a first step toward establishing good credit.
Identifying the best mortgage fit for yourself or your family is about more than just finding the lowest rate — though a low rate is certainly a big perk. When making one of life’s biggest purchases, you’ll also want to consider such things as the best type of loan for your specific needs, the financial strength of your mortgage lender, the lender’s requirements for applicants regarding credit score, down payment, etc., and — perhaps most important — how knowledgeable, professional and helpful the lender will be when you need guidance through the often-complicated home-buying process.
Your identity is one of the most valuable things you own. It’s important to keep it from being stolen by someone who could potentially harm your good name and financial well-being.
It’s fun to go house-hunting and dream about moving into your future home. But buying a home is one of the biggest investments most of us will make during our lifetime — it’s a long-term commitment that costs more than just the down payment. Before you dive in, take the time to research the process. There’s a lot to know and many mistakes to avoid. Here are some recommendations to help you prepare:
You might be getting a tax refund this year — and, of course, you’ve likely thought about that nice, big check in your account and how to spend it. The average direct deposit tax refund for 2018 is expected to be $3,199.* Instead of spending it on something you’ll regret later, consider thinking long-term and investing in your future. There are many ways to use your tax refund, but here are five options worth considering that could work well for you.
In a sea of credit cards, searching for the right one can be a daunting task that requires a lot of self-reflection. Further complicating the quest, it’s easy to get steered in the wrong direction by flashy rewards and low introductory rates.
When it comes to buying or building your dream home, the number of decisions to make can feel overwhelming. But by understanding your individual needs and the plans you have for the property — whether you are buying an existing home,building a house right away on an empty lot, or holding onto the land to build on later — we can find the best loan and rates for your situation.
It’s a new year, and with that comes resolutions to concentrate on your finances. Here at CresCom Bank, we understand the importance that your credit score plays in your financial security. So we answered several questions you might ask yourself when you are learning about your credit score and how to keep your credit score (and resolution) on the right track.