Tag: loans
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3 Good Ways to Establish Credit and 4 Ways to Improve It
Posted On: August 13, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
Did you know… The average FICO score in America is 695 and the average Vantage score stands at 673. [source] Less than 1% of the population has a perfect credit score of 850. [source] Only 41% of Americans understand that a credit score measures your risk of not paying a loan, according to a joint survey from the Consumer Federation of America and VantageScore. Credit is important for pretty much all facets of adult life. Credit can be impacted by a number of different things....
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Shopping for a home: the mortgage process. Should I get pre-qualified or pre-approved?
Posted On: June 4, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
The home buying market is hot right now. Summer is the perfect time to move, the economy is stable and buyer confidence is high. However, inventory is also a bit low and that means that houses are selling fast. If you are actively looking, you will want to be prepared to act quickly when you find that perfect property. That means having all your financing sources in-line. What’s the first step? Pre-qualification and pre-approval are two different terms used to describe the initial part of...
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The Scamming Contractor and How to Avoid Them
Posted On: March 28, 2019 by Falcon National Bank in: Manage your Business | Business Banking, Your Financial Life | Personal Banking
Let’s clear the air here, not all contractors scam people. Most are hard-working and honest people that take pride in their work. Falcon National Bank is a large producer of construction loans and we have worked with many reputable builders. However, there are some contractors out there that you just shouldn’t trust. If something doesn’t feel right after meeting with a contractor, it probably isn’t. Being aware of common contractor scams and identifying red flags before...
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