1. All About Roth IRAs

    With a self-directed IRA, you can apply for a non-recourse loan, which can be used to purchase a property that will be turned into a rental. It might seem simple, and to many in the financial world, it is, but some of that jargon can make understanding IRAs and non-recourse loans a bit more difficult. First Western Federal Savings Bank is here to explain how Roth IRAs work, and how they can be use…Read More

  2. Pros and Cons of Property Mangement Companies

    Pros And Cons Of Property Management Companies

    Once you’re approved for a non-recourse loan, you can truly begin thinking about your rental property. You’ll start thinking about its purpose, who it’s going to serve, and all the ways that you’re going to prepare it. The list of things to get your rental property ready is a mile long to say the least, but it’s fun and exciting all the same. At this point, many people start wondering if…Read More

  3. How To Set Up A Self-Directed IRA

    A self-directed IRA is a necessary financial tool for all adults to consider. There are plenty of benefits that come from this type of retirement plan — all of which we’ll cover in an upcoming post — but in today’s blog, we’re going to address how to set up a self-directed IRA. With this retirement plan you have the freedom to invest in other types of investments such as real estate. Whe…Read More

  4. Facts On Debt

    Welcome back to our blog series on debt! In our first blog, we covered some important ways and strategies that can help you better manage your debt. Debt can feel very singular, but nearly all of us are affected by it. Today, our non-recourse lenders are going to examine some of the current facts and debt trends in the United States. When we have more information on a topic, we’re more equipped …Read More

  5. What Rental Property Refinancing Can Do

    Refinancing is an excellent way for you to better manage your non-recourse loan or mortgage, and our team can help. But many people feel like this is a time-consuming process, and one that doesn’t fully give you the best bang for your buck. The non-recourse lenders at First Western Federal Savings Bank are here to explain why refinancing is an excellent financial opportunity, and why it’s one …Read More

  6. A Few More Vacation Trends To Watch

    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

  7. 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

  8. 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