A Guide to the Home Buying Process

By: Mary Lynn Johnson & Stacy Dyreson - Mortgage Lenders

Owning a home is a significant milestone in a person's life, often a cherished dream for many. Given its importance, it's wise to familiarize oneself with the details of the home buying process. To assist, here is some guidance through a comprehensive mortgage guide put together by our experienced Mortgage Lenders.

1. Get Pre-qualified by visiting your Local Lender

This is a great first step to take...

Quinn B. Christensen – Chief Information Officer & HR Officer

At The Peoples Community Bank, we are committed to "Simply Good Banking," and a significant part of that commitment involves empowering you with clear, concise information.  I am here to explain some quick facts on how Individual Retirement Accounts (IRAs) work. 

Traditional vs Roth IRAs: What's the Difference?

Choosing between a Traditional and Roth IRA is like selecting the route that...

https://consumer.ftc.gov/articles/how-block-unwanted-calls

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By: David Jones, SVP - Commercial Lender

Big news! The Small Business Association (SBA) has announced 0% on its Annual Service Fee and SBA Guaranty Fee (Upfront Fee) for loans of $1,000,000 and less. This feature will run for SBA’s fiscal year, October 1, 2023 through September 30, 2024. 

What is a SBA 7(a) loan you might ask?  The 7(a) Loan Program, SBA’s primary business loan program, provides loan guaranties to lenders that allow them...

In our first customer spotlight video we meet with Chris Hendrickson, owner and operator of K&A Greenhouse. Chris and his wife, Angie, purchased the business together in 2005 and have since expanded to two locations in the Madison area. They recently finished a beautiful expansion to their Mineral Point Road facility. Chris talks about the joys and challenges of running a business and how the simple things are what make you successful.  

David Jones, Lender - Spring Green

One of the most underrated products in banking today is the Home Equity Line of Credit or HELOC.

What is it? How can you use it? Why would you want to?

Consider this, in lending a crucial component of whether a loan is approved or not is collateral. The greater the value of the collateral, the less risk the financial institution must assume, the better the rate and a greater likelihood that the loan will be approved. A HELOC is exactly...

In a perfect world, every parent hopes to give their child the best start in life. You’d send them to a great school and watch as they enter the “real world”, debt-free, leaps and bounds ahead of their constituents. But, the reality is that college costs aren’t what they used to be. In fact, in 1984 the average annual cost of tuition for a 4-year institution was $5,160 (in current $)*. In 2014 that average cost grew to $25,409 per year*, according...

Each year on the second Sunday in May we celebrate the important women in our lives. The ones who raised us and taught us right from wrong and the ones who brought our children into this world. On this mother’s day we asked our team what is the best financial advice that they’ve given their children, what advice they planned to give, and the best advice their mothers gave them? We got some great answers.

The days are feeling a little shorter…

The kids are heading back to school…

Labor Day has come and gone…

Summer is officially winding down. And if you’re like many of us at the bank you’re not quite ready for it to end. How can you squeeze every last drop out of these remaining days? Here are a few suggestions:

If...

Likely not. Without your personal identification number (PIN) or other account information, which was not part of the Equifax breach, it would be difficult for someone to get into your bank account. You’re more likely at risk of bank fraud as a result of phishing which happens when someone poses as a financial entity and talks you out of personal information such as your username, password or credit card information. In such an instance we offer our standard reminder - If you suspect...