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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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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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MISLEADING MARKETING PRACTICES: LENDING COMPANIES USING YOUR BANK’S REPUTATION WITHOUT PERMISSION

MISLEADING MARKETING PRACTICES: LENDING COMPANIES USING YOUR BANK’S REPUTATION WITHOUT PERMISSION

While consumers are constantly bombarded with electronic ads, and the dangers of online scams, the average buyer has evolved and will research before signing the dotted line. Other lending and insurance marketers have resorted to purchasing consumer information to seem legitimate.

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Have you thought about an HSA?

Have you thought about an HSA?

An HSA is a tax-favored savings account for individuals and families covered by a high-deductible health plan (HDHP). Contributions to an HSA are tax-deductible and distributions are tax-free if used for qualified medical expenses.

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Tips for a Smooth Loan Closing Process with Commerce Bank of Wyoming

Tips for a Smooth Loan Closing Process with Commerce Bank of Wyoming

As a homebuyer, you know that the road to closing can be full of twists and turns. However, when working with Commerce Bank of Wyoming, we strive to make the process as smooth and efficient as possible. One way to ensure a speedy closing is by following some key tips that we have compiled for you. Following these tips will save you not only time but also potential headaches. Read on to learn what you can do to help your loan closing go smoothly.

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Pros and Cons of Paying Points on a Mortgage Loan

Pros and Cons of Paying Points on a Mortgage Loan

Buying a home is a huge financial decision, one that can have an impact on your finances for years to come. One of the choices you'll have to make when taking out a mortgage loan is whether or not to pay points. Points are basically a fee you pay to the lender at closing in exchange for a lower interest rate on your mortgage. In this blog post, we’ll break down the pros and cons of paying points on your mortgage to help you make an informed decision.

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What are Trigger Leads?

What are Trigger Leads?

When you're in the market for a mortgage, your credit information is obtained through a "hard inquiry" which is then shared with credit bureaus. This information is then sold to creditors or insurers to make unsolicited offers, which can be overwhelming for homebuyers. These unsolicited offers are known as trigger leads and they can lead to an endless amount of unwanted solicitations. In this blog post, we will explain what trigger leads are and how to protect yourself from unsolicited offers.

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