Purchasing Your First Home? Here’s What You Need to Know Buying a home is one of the biggest financial decisions you can make. While the process can seem intimidating, there are programs, resources, and professionals ready to help you with the challenges of purchasing your first home. Here are some things to consider before buying and what you can expect from the process. Homeownership can… Read More
Forever Renting? Here’s What You Should Know As purchasing a home has become more expensive than ever before, many Americans are now considering themselves forever renters with no plans to enter the housing market. According to research from Apartment List, millennials are falling behind other generations in home ownership. Millennials make up the largest generation in the country currently, but only 45.5%… Read More
Three Costly Mistakes Homeowners Should Avoid This Winter Despite some beliefs, colder weather won’t prevent you from experiencing basement floods, other plumbing issues, or problems with your heating. So, how can you avoid costly repairs and potentially save yourself thousands of dollars? FirstBank has you covered. Here are some of the common troubles the winter season can bring to homes. 1. Letting pipes… Read More
10 Budget Improvements to Sell Your Home Faster With the prime homebuying and selling season approaching, an analysis by property data provider ATTOM found homes sold in May net 13.1% more above a home’s market value. If you plan on selling this Spring, here are 10 budget-friendly ways to help sell your home faster and for more money. 1. Stage your home. Staging a… Read More
5 Affordable Housing Resources You Should Know About Did you know 22.4 million renters spend more than 30% of their income on rent and utilities, meaning half of all U.S. renters are burdened by housing costs? As housing costs have increased substantially, options to aid families and communities are more important than ever. Here are five resources to help you better navigate affordable… Read More
FirstBank Finances Affordable Workforce Condos in Glenwood Springs While several affordable housing projects are in development, demand continues to grow. Habitat for Humanity Roaring Fork Valley (RFV) is committed to stabilizing the local workforce and helping essential workers build wealth through homeownership. That’s why Habitat RFV is partnering with FirstBank to convert the L3 Apartment Complex in Glenwood Springs, CO, to several ownership… Read More
14 Affordable Housing Developments Making a Difference As the housing market has become increasingly expensive and inaccessible for both renters and buyers — affordable housing opportunities are more important than ever. Recent Harvard Joint Center for Housing Studies data found 22.4 million renter households were spending more than 30% of their income on rent in 2022. That means half of the U.S.… Read More
You Paid Off Your Home: What’s Next? Paying off a home is a monumental financial and life achievement — but it’s not the end of the road for homeowners. While you may not have to worry about mortgage payments or losing your home for financial reasons, there are still factors to think about to ensure your home is working as hard for… Read More
Mortgages That Make Money We often think of homeownership expenses and rarely as something that can make us money, not in the future, but now. Today we’ll be looking at five ways that you can make your mortgage work for you. Find a roomie Renting out a spare room is one of the most common ways to earn income… Read More
8 Tips to Increase Your Home’s Equity If you’re like many homeowners, your house is the place where you can work, relax, eat and sleep, help your kids with their schoolwork and host your Zoom happy hours. But your home is also one of the best places for building wealth, and the way to do this is by increasing the equity you… Read More