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First Southern National Bank has partnered with Banzai to bring you clear, in-depth lessons to help you dive into the financial topics you care most about.

Mortgage Refinance Calculator

2020-09-15T11:34:45+00:00September 15th, 2020|

Calculator: Refinancing Your Mortage HOW IT WORKS When interest rates drop or market values rise, it’s a good time to think about refinancing. First, enter the loan balance, payment, and interest rate for your current loan. Then, select a focus: do you want to reduce your term length or monthly payments? Adjust the term length, interest

Mortgage Estimation Calculator

2020-09-15T11:31:57+00:00September 15th, 2020|

Calculator: Mortgage Estimator HOW IT WORKS When you’re thinking about a new mortgage, why not start with what will impact you the most day-to-day: your monthly payment? This calculator shows you the best-case scenario for a mortgage, beginning with your preferred monthly payment. Enter your ideal monthly payment, potential down payment, preferred loan term, and interest

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Find a Place to Rent

2020-08-07T14:39:09+00:00August 7th, 2020|

For many, picking the right house or apartment in a tight rental market is daunting, but by preparing in advance, you're more likely to find the perfect place to call home. While renting requires less immediate cash and fewer obligations than owning a home, that doesn't mean that it's cheap or easy, or

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Rules for Renting

2020-07-01T15:55:49+00:00July 1st, 2020|

You have rights as a renter. Of course, your landlord has rights too. If all goes well during your tenancy, there’s no reason that the two of you should butt heads. But if something goes wrong, you should know what the laws that govern your tenancy are—they can make your life a lot easier

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The Cost of a Mortgage

2020-06-30T21:04:19+00:00June 30th, 2020|

Since monthly payments spread the cost of a mortgage loan over an extended period, it’s easy to forget the total expense. For example, if you borrow $200,000 for 30 years at 6% interest, your total repayment will be around $431,680, more than two times the original loan. What seems like minor differences in the interest rate can add

  • owning a home

Home Money Smarts

2020-06-30T18:54:51+00:00April 1st, 2020|

Home Money Smarts It helps to know the ins and outs of home finance. What's in a Rent Payment? When you're budgeting for rent, make sure you know what a monthly payment covers. Landlords in different areas include specific things in the price of rent. For example, in some cities, landlords are required

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Insuring Your Home

2020-06-30T18:55:04+00:00April 1st, 2020|

Buying a home is never financially easy, especially when you’re young. But one of the things that makes it worthwhile is the fact that—unlike with a rental—the money you spend on it becomes an investment. That’s why home insurance is so important. Without it, if your home is damaged or destroyed, you lose

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Renter’s Insurance

2020-06-30T18:55:19+00:00April 1st, 2020|

If you're renting, it's always a good idea to protect your possessions from disaster. Among the reasons for renting rather than buying a home is that you're not making a long-term financial commitment to a mortgage loan, property taxes, and homeowner's insurance. But one commitment you should make is to purchase a renter's

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Which Mortgage is Right For You?

2020-06-30T18:55:31+00:00April 1st, 2020|

Not all mortgages are the same, and it's important to understand the benefits and disadvantages of each mortgage type before purchasing a home. This activity will explain each mortgage type individually and provide pros and cons for each one. Use the dropdown arrow to select the mortgage you'd like to learn about. Disclaimer

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To Buy or Not to Buy?

2020-06-30T18:56:14+00:00April 1st, 2020|

Investing is like life: nothing ventured, nothing gained. If you're planning to buy a home, you probably have good reasons for your decision. It may be that you share the feeling that owning your own home is a key part of the American dream. But there are also financial issues involved in buying

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Mortgage Affordability Calculator

2020-06-30T19:22:38+00:00March 31st, 2020|

Mortgage Affordabilty Calculator HOW IT WORKS It's important to know if the monthly payments on a mortgage will fit within your budget. Simply said, this calculator helps you do that. Start by entering how much you think your monthly mortgage payment will be. Next, enter your monthly income after taxes. Finally, enter your expenses; add and delete categories

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Credit Scores

2020-06-30T19:22:36+00:00March 31st, 2020|

Even if you're financially responsible, life's unpredictable nature can sometimes catch you off guard, at times making it dangerously easy to fall into debt. Your credit score, also called a FICO score, is an actual number, between 300 and 850. The higher the number, the better: a score of 740 to 799 is

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