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Archive - June 2021

family moving into a home

6 Tips for Saving for Your Down Payment

Posted On: June 8, 2021 by Farmers Trust & Savings Bank in: Home Ownership

Before you can make the transition from renting your home to owning your home, you will need to have a substantial down payment, typically 3 to 20 percent of the home’s value. To help potential homebuyers save, check out the following tips:

Develop a budget & timeline

Speak to a mortgage professional and determine how much you’ll need for a down payment. Create a budget and calculate how much you can realistically save each month –...

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6 Items for your new home's to-do list

6 Items for Your New Home’s To-Do List

Posted On: June 1, 2021 by Farmers Trust & Savings Bank in: Home Ownership

Now that you’re settling in to your new home, there are some important things you need to consider. Farmers Bank recommends the following tips.

Create a budget.
The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It's important to keep accurate records of your spending so you can spot places to save money and know how much you can reasonably spend. The American Bankers Association’s budgeting worksheet...
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