Archive - August 2019
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What's the Difference between a Construction Loan and a Mortgage Loan?
Posted On: August 27, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
If you’re considering building your dream home instead of purchasing an existing house, you’ll need financing. The whole thing can be confusing and more than a little intimidating. Do you need a mortgage? A personal loan? It’s hard to know where to start. What’s tricky is that you’re asking for financing for something that doesn’t actually exist yet. It requires something different than a traditional mortgage. Trying to find land, a builder, and all the other...
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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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