The basics of home down payments
May 29, 2019
Categories: Mortgage
Perhaps one of the scariest financial aspects of buying a home is the down payment, which is the upfront sum that covers a portion of the entire purchase. And it’s one of the most important parts to consider in the homebuying process.
Most down payments are expressed in percentages. If you were to buy a $200,000 home, a 20% down payment would be $40,000. A 3.5% down payment, the minimum required for Federal Housing Administration loans, would be $7,000. Those numbers can be hard...
Peoples Bank employees give back through Peoples Helping People program
May 21, 2019
Categories: Community
One of our flagship community programs, Peoples Helping People, encourages employees from our nine branches to volunteer and give back to their communities through a quarterly log and various recognition initiatives.
In 2019 alone (through May 20), Peoples Bank employees have logged 922.15 volunteer hours in total. The Scranton branch has collected the most hours, donating 215.80 hours of time to the community. Jefferson is a close second at 218.25 hours, and Ogden is third with 205.5...
Three mortgage options for homebuyers
May 14, 2019
Categories: Mortgage
Mortgages come in all shapes and sizes, allowing both first-time buyers and experienced home shoppers the luxury of options.
But before learning about some of the top mortgage options, it’s important to understand the two basic types of mortgage interest: fixed and adjustable.
Fixed-rate mortgages see an unchanged interest rate over the life of the loan. They are ideal for homebuyers who plan to live in the house for a substantial amount of time. Adjustable-rate...
Tanner Lawton helps grow the next generation of farmers
May 8, 2019
Categories: Community
After Tanner Lawton heard the local Greene County School District was giving its agriculture class and FFA organization ground to farm at the site of the new high school, he knew it was a perfect opportunity to help the next generation of farmers.
Lawton, assistant vice president and ag loan officer in Grand Junction, has a background in agronomy and wanted to provide valuable insight into what goes into a farming operation — from start to finish. Once per week during the past...
Building vs. Buying a House: What Is Right for You?
May 1, 2019
Categories: Mortgage
To buy or to build? It’s a question that faces many who enter the housing market. Whether you’re a first-time homebuyer or you’re looking for something that better fits your family’s needs, it’s a question that you’ll likely have to consider.
Whatever direction you decide to go, it’s important to compare the positives and negatives that come with buying versus building a home, that way you can make the decision that best fits...