With so many steps involved in the process of buying a property, it can be easy to lose track of everything. There are many qualifications that need to be met when applying for a non-recourse loan. You need to have a property in mind, but it also needs to meet the requirements. You need to have enough money, but there are other financial regulations that need considering. First Western Federal Sav…Read More
Oftentimes, people contribute to an IRA without much thought going into what they are doing. And, gradually, over time, it may slowly build and hopefully one day they can retire and have their money doing the work, while they rest. Many people fail to recognize that there are other financial opportunities available with their IRA. We’re going to go over some of the many reasons that using a se…Read More
Your vacation rental property could serve as an incredible asset. Not only can it provide you with an added source of income through renting it out to visitors and tourists, your vacation rental property stands as a real estate investment — one that could definitely appreciate in value over time. However, the non-recourse loan lenders at First Western Federal Savings Bank know that this type of …Read More
Welcome back to our blog series on choosing a higher value property! In our first blog, we talked about some of the myths behind buying a fixer upper. Fixer uppers have become a buzzword in recent years, in part due to their increased exposure and glamorized appeal from the many television shows that have graced our channels. However, there’s no mistaking that a fixer upper is an extraordinary a…Read More
You’re ready to buy a house to turn into a rental! This is an absolutely amazing, exciting, and thrilling time — and of course, a time that’s filled with decisions to be made. Do you want to turn this property into a regular rental? Or are you leaning more towards using your non-recourse loan to purchase this house with the intent of renting out to vacationers and tourists? Should you buy a …Read More
Welcome back to our blog series on vacation trends! As an FDIC-bank and the nation’s leading choice in non-recourse loans, we are dedicated to keeping a finger on the pulse of types of investing trends. In the world of real estate investing, this is an excellent time to act on turning a property into a vacation rental. Not only will you have a property that could turn a profit over an extended p…Read More
The approach of spring means lots of things: warmer weather is on its way, plants and trees are getting closer to start budding, and, of course, vacations are soon to be booked. From spring break to Easter weekend, airline prices and the frequency of traffic jams are sure to be on the rise. This is just one vacation trend that we know and can frequently depend on. Yet what are some other examples …Read More
At First Western Federal Savings Bank, we’ve talked about the Conservation Reserve Program to relatively great lengths. We’ve discussed some of the frequently asked questions regarding the CRP, we’ve talked about the reasons you should enroll as a farmer or landowner, but one thing we’ve yet to address is what the CRP looks like in action. In today’s blog, we’re going to go through som…Read More
At First Western Federal Savings Bank, we’ve been known as being the nation’s leading resource for non-recourse loans. Since we opened our doors in 1979, we continue to serve farmers, potential home buyers, and virtually anyone in need of a quality FDIC. Yet one of the other things that we are known for is the ability to offer you a quote on your CRP payment. You could start getting financial …Read More
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