1. Necessary Documentation for a Non-Recourse Loan

    When you’re applying for a non-recourse loan, there’s a good chance you’ve already looked at our online application (if not, view it here). The application itself can seem pretty detailed and even a bit complex, but we promise that our non-recourse lenders are here to help make everything a bit simpler and more transparent. There are a number of things that you need to include with your appl…Read More

  2. 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. Many people feel like this is a time-consuming process, however, 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…Read More

  3. Preparing Your Vacation Rental Tip #3: Set Up Procedures

    Welcome back to our blog series on preparing your vacation rental property for the summer! In our first post, we discussed how it can be important to do a run-through of your appliances and air conditioning to ensure general maintenance is performed as necessary. Our second blog of the series discussed the importance of decorating your vacation rental property to ensure it has a cohesive look to i…Read More

  4. Preparing Your Vacation Rental Tip #2: Decorating

    Welcome back to our blog series on preparing your vacation rental property for the busy season! As summer rolls around, the vacations and trips and travel plans start to pick up. This is a time when families, couples, friends, and solo travelers alike all love to explore and see someplace new. With so many people capitalizing on the warmer weather and extra vacation time, this is an equally excell…Read More

  5. Qualifications For A Non-Recourse Loan

    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

  6. Make Your Vacation Rental Property Stand Out

    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

  7. The Myths of Buying a Fixer Upper

    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

  8. Vacation Trends to Watch

    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

  9. 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

  10. 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