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Iowa State Bank Blog

Home Selling Tips- Stage the Outside of your Home

The outside of your house is the first thing a buyer will see when looking to purchase your home.

The outside of your house is the first thing a buyer will see when looking to purchase your home.

 

You hear it time and time again when you plan to sell your home. The way it is decorated can make or break the sale of a home. Now that it’s the peak home selling and buying season, have you thought about the landscaping and backyard appeal of your home?

When selling your home in the winter, the way your yard looks is not as important, but in the summer it is. Iowa State Bank is bringing you tips in today’s blog for staging the outside of your home. From the way your patio or deck is set up, to the freshly mowed lawn, every aspect is important this selling season.

Front lawn- Mowing may seem like something that is not necessary, especially if you don’t live at the property anymore. Mowing actually is extremely important because a clean looking lawn can attract drive-by traffic. Buyers make their first judgement based on the outside of your home. If the outside looks nice, it could potentially close the deal on selling the house. Mow the front lawn at least once per week while your home is on the market.

Clear the weeds and clean up the garden- A well-maintained and low maintenance yard and backyard is appealing to buyers. Many people are attracted to a property where they don’t have to pick the weeds right when they move in.

Stage the deck- You want potential buyers to see how welcoming your home is, so let your deck reflect that as well. Set the deck up with some patio chairs, pillows, umbrella and table. This will help potential buyers imagine entertaining in the area. Staging the backyard is just as important in the summer as staging the home.

Iowa State Bank wants selling your home to be simple and a smooth process. If you are in the buying process, set up an appointment with one of our knowledgeable loan officers to talk about mortgage lending.

 

Iowa State Bank, member FDIC and Equal Housing Lender

Budget BBQ

Enjoy a great BBQ this summer with these money saving tips.

Enjoy a great BBQ this summer with these money saving tips.

 

Do you have plans to host a barbeque at your house this July? Iowa State Bank is going to bring you budget BBQ tips so your party can be a success without spending too much money. Today’s tips will bring simple ways to save money at your next grill out.

Budget BBQ tips from Iowa State Bank-

Make it a potluck- A potato salad or macaroni dish goes a long way when it comes to feeding a larger group of people. You could also let your guests know it’s a potluck and to bring a side dish to the barbeque to make the event less stressful on your wallet. If you do not want to have others bring sides to the party, you can easily find budget-friendly side dishes to make on Pinterest.

Don’t go overboard on the meat- When having your friends over, they don’t expect you to provide steak and chicken for everyone. You can watch local grocer ads for sales on burgers, brats and hot dogs. If it’s a special event, you could ask everyone to chip in for more expensive meat like steak and chicken. Or have a party and make it clear to have everyone bring their own meat. If you have plans to make kabobs, add more grilled vegetables than meat to lessen the expense of meat.

Plates, napkins and utensils- With a little bit of time and thought, you can stick within your budget when it comes to plates and utensils. If you’re comfortable, you can use the plates and utensils you already have on hand in your home. If you’re not comfortable with that, the local discount stores have utensils and paper plates available in different colors and designs.

Iowa State Bank wants your budget BBQ in your backyard to be a success. Put these tips to use when planning your next grill out or summer get-together, and don’t forget to come by Iowa State Bank for all of your banking and lending needs!

 

Iowa State Bank, member FDIC

Inexpensive Summertime Fun Ideas

Red bicycle helmet

The summer season has finally arrived. We survived another cold and long Iowa winter. Now it is time to celebrate the warm weather with inexpensive summertime fun ideas.

Iowa State Bank understands that money may be tight, but that doesn’t stop the kids from wanting to constantly be entertained. Today’s blog will provide you with a few ideas to entertain the kids without breaking the bank.

Local Public Libraries

Activities for kids during the summer are easy to find because many cities in Iowa provide free activities. A great place to look for educational summer fun is at the local public library. From story time to science programs, the library has many weekday offerings for your elementary aged child.

City Pool

The local city pool offers season passes for individuals and families. This is a great option for cooling off on those hot summer days as a family. Local rates vary by city, but this is an affordable summer entertainment option for the kids.

Summer Day Camps

Local museums, colleges, and libraries host summer day camps for younger children to attend and provide activities for kids. Most day camps offer cheap rates or even free educational camps as inexpensive summer fun for your elementary aged child.

Bike Rides and Nature Walks

A completely free activity for kids is to take them on a bike ride or nature walk on one of the many trails in greater Burlington, Iowa and surrounding areas. This is an opportunity for them to get in touch with nature and explore the world around them. Activities for kids that include exercise keep them healthy too.

Picnic

Pack a lunch and go to your favorite park for the afternoon. This activity will remind you of your childhood summer days playing for hours in an open field with friends. Push them on the swing, go down the slide or assist them on the monkey bars. Going on a picnic will surely create memories they will remember down the road.

Summer is a season to enjoy the outdoors and summertime activities. Contact us today to learn more about our banking services.

Curb Summer Spending

Young girl in canoe paddling on a scenic lake

When you think of the summertime, you think of summer vacation and weekend getaways to new destinations. Although summer fun is ideal for your social life, it may not be so ideal for your wallet. Iowa State Bank is bringing you ways to curb summer spending in today’s blog.

Set a budget-

Setting a budget any time of the year is a good idea, but the summer months bring more temptation to splurge. Whether it’s a random road trip with friends or a nice dinner, be sure to stick to a budget so you don’t end up not having enough money to pay bills or the mortgage. A budget is a positive financial decision because you will save enough money to do a few of the summertime trips you want to take without breaking the bank.

Look for discounts-

You’d be surprised at the amount of discounts on amusement park tickets or pool passes you can find on the internet. With a little digging, you can find discounts or even free events to attend with the children to keep the entertained on a budget. If you plan to have a cookout at home, subscribe to emails from the local grocer for good discounts on common grilling foods. A good eye for a discount or coupon will stretch your dollar a bit further during the summer months.

Find Free Events-

Whether you want a night on the town or a fun event for the children during the day, the area offers many free events to participate in. Whether it’s a free concert or story time at the library, be sure to look for events sponsored by the community because they are typically free to the public.

Iowa State Bank hopes you enjoy the summer months. Be sure to contact us about starting a savings account today.

 

Senior Financial Self-Defense

An attractive senior couple against a white background. Horizontal view.

May is Older Americans Month and Iowa State Bank wants the older citizens in our community to be aware of the scams that are out there and how to be financially aware. Your best weapon against financial fraud is educating yourself about common scams. We want to help you learn about how to protect yourself from financial fraud and scams during Older Americans Month.

Scams and fraud targeted at senior citizens to be aware of:

Reverse Mortgages- Reverse mortgage scams are becoming more common in the United States each year. The aim of most reverse mortgage scams is to take the equity from the homes of senior citizens because they are more likely to own the home. Fraudsters also target senior citizens to unwillingly aid in the stealing of equity in a renovated property. If you are contacted about a reverse mortgage, be cautious of the “deal” being offered by the company or person.

Investment Schemes- Whether you are at retirement age or beyond, investment schemes are common for senior citizens. Senior citizens are targeted for attack because fraudsters know you have saved up money for retirement. Be cautious of phone calls, telemarketers and people knocking at your door inquiring about your retirement funds and investment opportunities. Be aware that all “opportunities” may not be as great as they are made out to be.

Lunch & Learn Programs- Keep the phrase “there’s no such thing as a free lunch” in mind. A sales pitch will follow the meal, so be ready. Don’t give out any personal information, and don’t put too much stock in what is being said. The presenter knows his product and the wealth demographics associated with your zip code, not your unique financial situation.

Iowa State Bank cares about our customers of all ages, so it is best for everyone to watch for these frauds and scams. If you have questions about our services, contact us today to learn more.

Financial Tips for Graduates

Paid education. Graduate cap on a pile of money

May brings an exciting time with spring in full bloom and graduation season at hand. High school and college graduations mark a significant step in a young person’s life, whether they are leaving high school behind or getting ready to join the real world.

 

Financial responsibility is an important skill for new graduates because it will help them budget throughout their entire life. Your graduate will face unique monetary challenges in college or in adjusting to the world outside of school, so Iowa State Bank is here to help. We’ve put together this “gift basket” of financial wisdom to help the graduate in your life stay financially responsible and live a little easier as they transition in life.

 

A Few Financial Tips for our Graduates

  • Student and other loans- sure, an extra little bit of money couldn’t hurt. Or can it? Borrow only what you need, whether it’s for tuition or replacing a totaled vehicle. Anything extra is just more interest you will have to pay out of your pocket.
  • Be smart during your grace period- if you’ve just graduated from college, you will most likely have a six-month grace period before you have to start loan payments. Be sure you are taking this time to save money and create a smart budget to incorporate loan payments.
  • Save for emergencies- cars need repairs, you can get sick or injured or you can even lose your job. Having money stashed away for these emergencies will help you keep your head above water.
  • Easy on the credit cards- you’ll be targeted by credit card companies with offers that seem too good to be true, because they are. Credit cards should be used almost exclusively for emergencies, and only if you know you will be able to pay the balance off quickly.

 

We’re not saying you will never face financial difficulties if you follow these rules. Life happens, and new costs can pop up at inconvenient times. However, if you have a solid financial foundation established, you can make it through just about anything.

 

Iowa State Bank would be glad to help our high school and college graduates any way we can. Don’t hesitate to call or come by any of our locations today for help!

 

Working Towards Owning the Home of Your Dreams

Week 4 Post 1

Everyone’s idea of a perfect home is different. For some it may mean a nice two-story home surrounded by neighbors, while others prefer something outside the city limits with more room and bigger outdoor space. No matter what your definition is, there is a common factor in the home you want to purchase: the need for a mortgage from Iowa State Bank.

 

At Iowa State Bank, we are in the business of helping people just like you be able to afford your ideal dream home.

 

Some banks use one-size-fits all mortgages or have standard options that you have to fit into to qualify for a home loan. Iowa State Bank is different. When you call us for help with your mortgage, we take the time to learn about your unique situation, and then make the best recommendations based on what will work for you and your financial needs.

 

From our Rate Watch to our Mortgage Calculators, we want to bring you the latest technology to make mortgage lending easier at Iowa State Bank. The loan officers at Iowa State Bank are here to help you find the mortgage you need for the home you want.

 

For a lot of people, mortgages can be confusing.

 

  • Fixed-rate,
  • Adjustable rate,
  • 15, 20 and 30-year mortgages

 

Our friendly and experienced loan officers can help clear the confusion and help you feel more confident about your home buying decision.

 

After searching and finally finding a home that fits your family perfectly, getting the ideal mortgage shouldn’t be a difficult process. Not only is owning your own home a huge step in life, it is part of the American Dream! You and your family deserve to live a home that perfectly fits your needs.

 

Call or come by any of our branches in Burlington, Wapello, Morning Sun or Mount Union to speak with our home lenders today. Iowa State Bank specializes in mortgage lending, so set up an appointment with a loan officer today, just in time for home buying season.

 

Home Buying Mistakes You Can’t Afford to Make

Week 3 post 1

 

There are some things in life that don’t require much thought or preparation to purchase: soap, a gallon of milk or paper towels. You buy these things because you need them; they’re cheap and readily available.

 

On the other hand, a large purchase, like a new home, requires research and preparation. Here are some common mistakes from the home lending experts at Iowa State Bank.

 

Falling in love with a house- it’s easy to get caught up in all the great things a house has to offer. Stick to your budget and prioritize your needs to keep from straying off course.

 

Making a down payment that is less than 20 percent- do this, and you’re looking at the additional cost of private mortgage insurance.

 

Forgetting about all the costs- this is especially true if you are buying your first home. When purchasing, there’s your down payment, principal with interest, property taxes, homeowners insurance, utilities, appraisal fee, credit report fees, escrow fee up front and then any maintenance costs once the home is yours. Plan wisely.

 

Buying a home you can’t afford- a no brainer, right? Then why do so many people do it? Take time to crunch the numbers, and don’t forget those additional costs we talked about!

 

Buying if you aren’t staying put- renting is great for those that move around a lot; purchasing a home is not. If you’re buying a home, make sure you’re ready to put down some roots.

 

Buying a home is a big deal, as are the consequences that go along with not preparing in a realistic manner. If your family is ready to purchase a home, contact the home lenders at Iowa State Bank today to set up an appointment. We specialize in helping you find the home of your dreams with affordable home lending options.

Prep Your Finances for Home Buying Season

House with twenty dollar bills background and calculator

Whether you are buying your first home or it’s your third time around, there are always several points you need to keep in mind before you say “yes” to the dream home. Prepping your finances for home buying season is the most important thing you can do before you buy a home.

Iowa State Bank wants to help make your home buying experience easy with our mortgage and rate watch options. Now, we have a few tips for you to prep your finances for home buying season.

Tips for Prepping your Finances:

  1. Think before you begin the search. Thinking ahead to home buying season can be exciting and overwhelming. Before you get to the initial search for a house and a loan, crunch the numbers. Consider the following:
  • How much are you able to afford for a down payment?
  • What can you put into home repairs?
  • What are monthly utilities at the property?
  • What percent of your monthly income will go towards the home loan?
  • What are the yearly property taxes?
  1. Analyze your credit score. There is nothing worse than getting excited to start the home buying process to realize your credit score isn’t up to par with the loan you need. Be proactive and check your credit score now. There are many ways to start rebuilding your credit score in time for home buying season.
  2. Plan for unknown expenses. With all home buying experiences, there will be surprises. Always figure in the cost of closing on the house and moving expenses. You don’t want to be stuck with the burden of extra costs that were not planned for.

Iowa State Bank will be keeping you informed throughout the home buying season with tips to make the process easier for you. Talk to one of our loan officers today about our mortgage rates and offers.

Last Minute Spring Break Ideas that Won’t Break the Bank

Rear View Of Family Taking Dog For Walk In Countryside

Spring break is a week that the kids won’t have school and the whole family is itching to get away, even if it’s only for a few days. Some spring break trips can cost upwards of $1,100 per person for an entire week because many hotels and tourist locations hike prices up for the season.

If this price seems ridiculous to you, Iowa State Bank has some last minute spring break ideas that won’t break the bank.

Last minute spring break ideas:

Explore Burlington- from Snake Alley to the Mississippi River, Burlington is filled with exciting activities for all ages. You can take the family for a day of fun in town and end at your favorite local restaurant. Immerse your family in the deep history of Burlington and the state of Iowa at the Des Moines County Heritage Center and the Hawkeye Log Cabin.

Take an overnight trip to Chicago- the city of Chicago always has plenty of fun to offer for families. From the aquarium to art museums, the family will enjoy what Chicago has to offer. Taking a trip to Chicago doesn’t take much planning as we are within hours of the Windy City.

Head up to the Amana Colonies- the Amanas offer a great day filled with history, great food, and culture. You’d be surprised that you are still in Iowa and not a small country. It’s only a short drive and would make for a great day trip during spring break.

Stay in town and explore the community- whether you’re in Wapello, Morning Sun, Burlington, or Mount Union, the surrounding areas are filled with endless opportunities!

Iowa State Bank wishes you a fun and relaxing spring break that doesn’t break the bank. Contact us today if you are traveling out of state for the break, so we can assure your accounts are only being used by you.

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