1. Tips On Managing a Good Credit Score

    Welcome back to our blog series on maintaining and achieving a good credit score! In the first blog of our series, we broke down the essential pieces of having a good credit score, and why this is important. There are so many opportunities that can present themselves when you have a credit score that speaks to your financial reliability. Not only are your financial possibilities expanded, but your…Read More

  2. The Importance of a Good Credit Score

    It’s a number that impacts so many parts of your life. Your method of transportation, your home, even your education are so heavily reliant on three digits. In the 21st century, having a good credit score is what sets you up for financial success—or denies you financial opportunity. Many are already aware of the importance and influence of a good credit score, but might not know how to ascerta…Read More

  3. Three More Tips On Owning a Rental Property

    You’ve been with us all along for parts one and two, and in our third installment on our rental property blog, we’re going to look at some final tips on owning a rental property. The team at First Western Federal Savings Bank is the group of people you need to get the non-recourse loan you’ve been looking for. When used with your self-directed IRA, this creates an opportunity for getting a r…Read More

  4. More Tips On Owning a Rental Property

    Welcome back to our series on rental property tips! Owning a rental property can be a lot of work, and definitely a worthy challenge, but the benefits and advantages can be extremely worthwhile. We know that getting a non-recourse loan is the first step to getting a rental property, and our non-recourse loan lenders at First Western Federal Savings Bank are ready to help you on your way. Using you…Read More

  5. Tips On Owning a Rental Property

    There are so many advantages to owning a rental property, and particularly, being able to acquire one through using your self-directed IRA in tandem with a non-recourse loan. With a rental property, you can receive an additional source of income, flexibility in how your income comes through, and a financial asset that could provide long-term value. Yet in order to make these advantages happen, one…Read More

  6. Due Diligence for Residential Investment Properties

    As the non-recourse loan lenders at First Western Federal Savings Bank know, performing proper due diligence is key to making any sound investment. Purchasing investment rental property using funds in your self-directed retirement account and non-recourse loan is no different. Having a strategy in place to evaluate the key metrics of an investment property can help you quickly and easily determine…Read More

  7. Types of Property Non-Recourse Loans Can Be Used For

    When you think of a non-recourse loan, you of course think of mortgages and buying a house through a self-directed loan (who doesn’t?) The non-recourse lenders at First Western Federal Savings Bank are perfect for helping you on your way to getting a non-recourse loan, but there’s actually many things you can do with your loan other than using it for residential purposes. While an IRA loan mig…Read More

  8. Tips for Starting a Business

    One of the things that the United States is known for and prides itself upon is found in the world of being a small business owner. The epitome of capitalistic ventures, small businesses employ over 56 million people across the United States, and actually comprise over 99 percent of businesses in total. Millions of Americans every day work towards having a successful small business, and many milli…Read More

  9. The History of the FDIC

    Going to the bank, setting up an account, ATMs, it all seems so simple. We can get paid and hardly think twice about it with direct deposit, we can transfer money from accounts practically seamlessly, it’s 2017 and the banking system as we know it is about as easy as can be. Many of these factors can be accounted for the FDIC, otherwise known as the Federal Deposit Insurance Corporation. But whe…Read More

  10. When is the Best Time to Take Out an IRA Loan?

    As we’ve discussed in a previous blog post, an IRA non-recourse loan (also known as an IRA loan) is a loan made to a self-directed IRA for the purpose of acquiring real estate assets. With this information, we know that a non-recourse loan is crucial for making an investment in real estate a reality. Though oftentimes, we might find ourselves debating if it’s a good time to take out a loan. We…Read More