The Federal Savings Bank

When you buy your first home, or first one in a long time, all the moving parts can leave your head spinning. There are so many details and a lot of different costs to get sorted.  

One of the items that tends to catch first-time homebuyers off guard is homeowners insurance. You may know it’s required, but understanding why it’s ...

Buying your first home can be a thrilling and affirming moment, something that may have taken you years to achieve. And if that home happens to be a condo, townhome, or a more compact house, you might be wondering how to make the most of the space that you have.

That’s a good mindset to start with. After all, square footage isn’t everything. Some of the most livable, s...

You already know the basics: part of your monthly mortgage payment goes toward principal, part goes toward interest, and, in many cases, part goes to taxes.

You may have also heard that making extra payments can help you pay off your loan ahead of schedule. But how much of a difference does it actually make, and is it always the right move?

Well, paying extra on...

I’m sure you’ve heard that VA loans don’t require a down payment, and in most cases, that’s true. But now you’re probably getting closer to actually buying, and you may be having some doubts, like: “If I don’t need a down payment, why does everyone keep mentioning money I might need at closing?”

That’s exactly the right question to ask. The “no down payment” feature is...

Maybe your aging parents need to be closer, or your adult child moved back in. Maybe you’re just tired of splitting holidays across three zip codes. Whatever brought you to this article, you’re not alone. Multigenerational living is increasingly common across the U.S., and for good reason.

But there’s often a gap between bringing everyone under one roof and having a ho...