If you’re wondering how unsecured debt affects your credit score, the first thing to know is that any debt can affect your credit score. If you always make your payments on time – it will affect your score in a positive way. And if you miss some of your payments or do not make them on… Read More
What Is the Difference Between Secured and Unsecured Loans?
In a world where most of us are using some form of credit, we often have both secured and unsecured loans. But we rarely stop to consider the difference…until we are asked to secure collateral…or we just have an inquiring mind! Do you find yourself wonder what is the difference between secured and unsecured loans? Here’s the answer… Read More
Chelsea State Bank, Avalon Housing partner to support local housing needs
As a member of the Federal Home Loan Bank of Indianapolis (FHLBI), Chelsea State Bank, in partnership with Avalon Housing, was awarded two grants totaling $868,720 to help fund Affordable Housing Program (AHP) projects in Ann Arbor and Chelsea. “These are very competitive grants offered by the Federal Home Loan Bank of Indianapolis to member… Read More
How Long Does It Take to Get a Mortgage?
You’ve found the perfect home, with the best imaginable location, layout, size, finishes, and price. You’re ready to buy, but there’s one problem: you haven’t started the mortgage process, and the seller will only accept offers from pre-approved buyers. Unfortunately, you won’t be able to make that happen by tomorrow. How long it takes to… Read More
5 Mistakes People Make After Mortgage Pre-Qualification
While it may seem obvious that you need to keep paying your bills during the period between a mortgage pre-qualification and your settlement date, some would-be borrowers neglect their finances. Getting pre-qualified for a mortgage is no easy task, so the last thing you want to do is lose sight of your finances after you have been… Read More
What Financing Options Exist for Home Remodels, Mortgages & House Construction?
When your living space no longer fits your needs, you have options. Here are financing options to consider if you’d like to begin house construction, move to a new home, or remodel your current home. Your options for Home Remodels, Mortgages & House Construction include:
6 Questions to Ask Before Remodeling Your Home
An occasional home remodel is an important part of owning a house, and it’s very important that no part of the decision goes overlooked. Whether you’re interested in improved aesthetic appeal, a return on your investment, or your home just needs some work… Here are six questions to ask before remodeling your home:
The Anatomy of a Debit Card Breach
Chances are that you or someone you know have been the victim of debit/credit card fraud. Even though your personal card is covered for any fraud and you have zero liability for any charges, having to go through the process of identifying and returning fraud charges and then being without a card while you wait… Read More
5 Home Renovations for Return On Investment
It’s the fundamental question facing anyone who has ever embarked on a home renovation: will my work produce a return when I sell my house? What you’ll get back on your investment depends on the value of your home, the value of homes in your immediate neighborhood, the housing market where you live, how soon you… Read More
Caution: Some Home Renovations Won’t Add Value
Every homeowner must pay for routine home maintenance, such as replacing worn-out plumbing components or staining the deck, but some choose to make improvements with the intention of increasing the home’s value. We’ve detailed home renovations that will produce a positive ROI in a previous blog post. Certain projects, such as adding a family room… Read More