2 Crucial First Home Mortgage Tips for New BuyersJuly 17, 2018

2 Crucial First Home Mortgage Tips for New Buyers

Did you know that at the end of 2017, home ownership rating in the United States was at 64.2%? This represents an increase of 0.5% from the 63.7% rating back in 2016. A whopping 5.51 million sales of existing homes also took place in the United States last year. Furthermore, the real estate market also closed the deal on over two-thirds of …

A Complete Guide to Investment Property MortgageJune 26, 2018

Investment Mortgage

Real estate is one of the most popular investments in the United States today. In fact, there are over 28 million property investors in the nation. Real estate investment is a crucial part of Americans investment strategy. It is an effective way to create supplemental income for working families. With investment property mortgage rates on the rise, …

Top 6 Things to Know About 2018 Rising Interest RatesJune 14, 2018

Rising Interest Rates

The Fed is forecasting that the economy will continue to grow 2.5 percent in 2018. What does the mean? The Federal Open Market Committee will continue to raise interest rates in 2018, and they may raise the rates four times. If you are saving money, your rates will increase to your advantage. If you are borrowing, your rates …

How To Use A Home Equity Loan For Home ImprovementMay 2, 2018

Home Equity Loan House and Calculator

Outdated finishes, flooring or carpet that has seen better days, a bathroom and kitchen that are original to the home, built decades ago. Does this sound like your home? If you own your home and don’t have the cash to update your home, a home equity loan for home improvement may be the solution for …

Person vs Business: What’s the Best Way to Invest in Real Estate?April 2, 2018

Investment Real Estate Banner

Investing in real estate can be a great way to diversify your financial investments and maximize your earnings. Real estate is an asset that typically increases in value – especially in New Jersey, the most densely populated state in the U.S., New York City and the surrounding area. When purchasing an investment property, there are …

Know the Different Types of Commercial LoansMarch 15, 2018

Spencer Savings Bank - Types of Commercial Loans

Commercial investments require thought, planning and most importantly: capital. If you’re looking to make a big commercial investment, you need to consider how you’re going to fund it. Do you need to borrow to cover your expenditure? If that’s the case, commercial loans are available to help you give you the capital you need to …

Quick Tips to Recover from Holiday DebtFebruary 14, 2018

Holiday Debt Pig

For many, the holidays bring an uptick in credit card usage. Are you still stuck paying off those holiday expenses? Here are a few ways to pay off holiday debt faster. More Than the Minimum Paying the minimum on a credit card is not an effective strategy. It takes much longer to pay off your …

Tax Identity Theft AwarenessFebruary 12, 2018

Tax Identity Theft Awareness

On January 29th, the IRS began accepting electronically filed tax returns. Tax season has officially begun! Recently, the Federal Trade Commission (FTC) ran a “Tax Identity Theft Awareness Week” campaign to spread awareness of tax-related identity theft and IRS imposter scams. The IRS has a “Dirty Dozen” list where various scams taxpayers may encounter, especially …

6 Steps to Getting Fast Small Business LoansJanuary 24, 2018

Fast Small Business Loans

As a small business owner, you know only too well what it means to have access to sufficient capital. Without it, your enterprise will inevitably grind to a halt. Fortunately, if you’re short on cash, or simply want more capital to expand your operations, there are a couple of options at your disposal. You can …

How to Find the Best Mortgage Rates in NJJanuary 19, 2018

best mortgage rates in nj

Are you preparing to purchase a new home? Buying a new home can be stressful, exhilarating, and intimidating. This is the case if you are a first-time homebuyer or have even purchased homes in the past. Perhaps you don’t know much about the world of home mortgages, or find it hard to compare different lenders. …