theHangout

Forward Bank Expands $5,000 Half Court Shot November 15, 2019

More schools and more chances to win! Forward Bank will be holding $5,000 half-court shots at 12 local high school basketball games and 3 hockey games this winter! To support the mission of giving back to the community, half of the overall prize will be given to the school athletic program.

theHangout

Financial Mistakes to Avoid When Buying a Home November 12, 2019

A home purchase is likely one of the largest financial investments you’ll make in your lifetime. It’s important to get this one right. For the best financial outcomes, avoid the following mistakes.

Taking on too much: You think you’ve found your dream home, but it’s outside your housing budget. So, you try to stretch that budget and simply take out a bigger mortgage. This decision can be disastrous. Taking on more debt than you can afford will leave you struggling to pay utilities and zap any other financial goals. A good rule of thumb is to limit the cost of your house payment (including taxes, insurance and any HOA fees) to 25 percent of your take-home pay.