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Homebuyer Hub: Understanding Credit

Homebuyer Hub: Understanding Credit

Credit can be an incredibly powerful tool when used wisely. It's crucial for becoming a homeowner, as your credit standing directly affects your ability to qualify for a mortgage loan and the interest rates you'll be charged. Here's what you need to know about credit.

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Is It Better to Lease or Take Out a Car Loan?

Is It Better to Lease or Take Out a Car Loan?

Deciding between leasing a car and taking out a car loan can be a challenging decision for many potential car owners. Both options have their advantages and disadvantages, and the best choice depends on your personal financial situation, driving habits, and long-term goals. This article will explore the key differences between leasing and financing a car through a loan, helping you make an informed decision.

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Is it Good or Bad to Have a Mortgage on Your Home if You Are Retired?

Is it Good or Bad to Have a Mortgage on Your Home if You Are Retired?

There are many considerations regarding having a home mortgage in retirement. This article is intended to provide an outline of potential pros and cons to be considered. As always, we recommend seeking advice from a Certified Financial Planner and/or your CPA Tax Advisor as these decisions are contemplated.

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Card Off, Crime Off:

Card Off, Crime Off:

In today's digital age, protecting your financial assets has become more crucial than ever. One effective way to safeguard your money is by keeping your debit card off when it's not in use. This simple step can prevent fraud and ensure your bank account remains secure. In this article, we’ll explore the benefits of turning your debit card off and explain how scammers use sophisticated algorithms to guess card numbers and test them.

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Protecting Your Identity

Protecting Your Identity

Identity theft is one of the fastest-growing crimes in the country, and everyday activities like disposing of documents present opportunities for sensitive information to be stolen. In recognition of this risk, Commerce Bank of Wyoming takes proactive measures to protect our customers through initiatives like Comm(unity) Shred Day. This free event provides a safe and environmentally friendly way for community residents and local businesses to dispose of important documents.

Comm(unity) Shred Day

Join us for secure paper shredding and lunch!

  • Tuesday, May 14, 2024
  • 10:00am-1:00pm
  • 1575 Dewar Drive
  • Freewill donation benefiting Ray Lovato Recycling Center. Commerce Bank of Wyoming will match donations up to $500.00

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Spring Newsletter 2024

Spring Newsletter 2024

 

Mike discusses: Despite strong economic and job growth, there's no Federal Funds Rate cut yet. Rising consumer spending and credit card debt hint at an upcoming economic slowdown, possibly leading the Federal Reserve to cut rates by up to 75 basis points by year's end to manage inflation and sustain growth.

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Mastering Budgeting: Your Pathway to Homeownership

Mastering Budgeting: Your Pathway to Homeownership

The article highlights the significance of smart budgeting as a crucial step towards achieving homeownership. It presents budgeting not as a limitation but as a strategic tool for financial management, emphasizing its role in tracking spending, saving for a down payment, and preparing for monthly mortgage payments. A good budget offers insights into spending habits, enhances savings, reduces impulsive buying, and prepares individuals for unexpected financial challenges by advocating for an emergency fund.

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Making a Difference in the Community with the My Fair Share Program

Making a Difference in the Community with the My Fair Share Program

We are proud to support the organizations that tirelessly work towards improving the quality of life in our community. The My Fair Share program serves as an exemplary model of how individuals can directly benefit these organizations. Every year, employees of Commerce Bank of Wyoming nominate local organizations to receive monetary donations. They have the freedom to choose which organizations to support by donating a percentage of their pay throughout the year. In this blog post, we will showcase the recipients of the 2023 My Fair Share Program.

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Winter Newsletter 2024

Winter Newsletter 2024

Mike discusses the current economic situation marked by high inflation rates due to labor and material shortages, massive government funding, and record low interest rates. To combat this, the Federal Reserve has raised the benchmark federal funds rates, resulting in higher mortgage rates and increased home construction costs. However, indicators such as an inverted yield curve and slowing consumer spending and GDP suggest that inflation is declining, and rates are expected to fall significantly in the future, aligning with historical trends.

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Find the perfect loan for your dream home

Find the perfect loan for your dream home

When it comes to purchasing a home, securing a loan is one of the biggest challenges. Sitting down and mapping out a plan, understanding your financing options, and choosing the right loan for your circumstances is vital to securing a successful purchase. At Commerce Bank of Wyoming, we offer a variety of loans to help our customers fulfill their dreams of homeownership. In this blog post, we’ll take a closer look at these loan options and help you decide which is right for you.

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