Please meet Stu Mann. Stu is one of those kind-hearted people that everyone feels good when around him, particularly because of his kind spirit and warm smile. Stu started his career at Chelsea State Bank nearly five years ago as a loan processor. Stu was just promoted to Commercial Loan Representative this month. In his… Read More
Annette Houle: Community Banker Focused on Customers, Community and Family
No one embodies Community Banking more than Annette Houle. Annette has been with Chelsea State Bank for 42 years. She is currently Vice President, Branch Administrator for the Bank. She began her career with Chelsea State Bank in 1977 in the Bookkeeping Department and progressed through the retail operations of the Bank. “I enjoy that… Read More
Chelsea State Bank Welcomes New President Joanne Rau
Chelsea State Bank Changes Course I am excited to begin my next chapter at Chelsea State Bank. My other half Rick is a Chelsea native, and my daughter Emma and son Cole attend school in Chelsea. Chelsea is near and dear to my heart because of the charming downtown, friendly people and great schools. I… Read More
What to Do When the Home Appraisal Is Lower Than Offer
If the appraisal for your dream home is lower than your offer, you need to look at your next steps. Don’t panic, you do have many options. Check Appraisal Contingency Clause First, look over the appraisal contingency clause. This clause generally allows you to reevaluate the situation or renegotiate if needed. Maybe the appraisal estimate… Read More
Save To Buy Your First Home – How Much Do You Really Need?
Becoming a homeowner is a huge financial undertaking, requiring far more than a simple down payment. So how do you determine exactly how much do you need to save to buy your first house? First, start by figuring out where and how you want to live. The more you can identify your preferred home area,… Read More
Get A Mortgage Prequalification Before Starting Your Search
Know before you buy – good advice for all consumers, especially when buying your first home. There’s a certain logic to doing things in a specific order. Getting prequalified is one of those logical first steps when thinking of buying a home. The mortgage prequalification process helps you focus your search on the types of… Read More
7 Additional Costs With Buying a New Home
Becoming a homeowner is a huge financial undertaking. In addition to the upfront costs like a down payment, getting loan approval for the appraised purchase price of the home and closing costs, you also need to calculate how much money you will need after for costs with buying a new home. It’s more than just… Read More
Chelsea State Bank Announces Joanne Rau Next President
The Board of Directors of Chelsea State Bank recently have announced Joanne Rau as the next president of Chelsea State Bank. Joanne will begin as President on October 1. At that time, current President David Schaible will become President ex officio and retire at the end of the year. John Mann will remain Chief Executive… Read More
7 Reasons to Buy a House for Financial Benefits
Home ownership makes sense for millennials for an assortment of social and family reasons. It also makes sense financially, both in the short and long-term. We have compiled 7 reasons to buy a house for financial benefits (plus a few credit score bonuses) as of April 2019: 1) Tax Deductions and Benefits Home ownership comes… Read More
Using a Monetary Gift for Home Down Payment
Saving a down payment is one of the most important—and often most challenging—aspects of buying a home, especially for millennials. Unfortunately, many millennials struggle with getting a down payment together. In a 2017 Zillow survey, nearly 70 percent of renters said saving a down payment was the biggest hurdle to buying a home. Starting in… Read More