Will the May 2023 Mortgage Fee Structure Change Impact me?
Posted On: April 28, 2023 by Prevail Bank in: Home Loans
Effective May 1st, 2023, Fannie Mae and Freddie Mac is making changes to the Loan-Level Price Adjustment Matrix.
These fee structure changes will impact all whole loans purchased on or after May 1, 2023, and for loans delivered into MBS with issue dates on or after May 1, 2023, unless otherwise noted here.
Will these LLPA Changes Impact Prevail Bank Home Loans?No, this mortgage fee structure change will impact only those loans that are sold directly to...
Monitor Your Credit Score with Credit Sense
Posted On: April 11, 2023 by Prevail Bank in: Banking, Digital Banking
Monitoring your credit score is a crucial part of taking control of your money management. Your credit score impacts almost all aspects of your life. From qualifying for a credit card, getting a lower rate on a loan, to finding a place to live. With Credit Sense, you can monitor your credit health, tips for improving your credit score, access helpful tips to calculate savings from consolidating, refinancing, etc., and more, all for free!
Benefits of...
Savings Tips to Prepare Students
Posted On: April 11, 2023 by Prevail Bank in: Banking
April is financial literacy month and this year we are excited to offer even more resources and opportunities than last year!
Once again, we are participating in the Teach Children to Save program.
Saving is a great habit and a powerful tool to develop at a young age. Saving helps teach discipline and goal setting which are important life-long habits.
How can I teach my child/student about saving? Use...
What Should be Taken into Consideration When Remodeling a Home?
Posted On: April 1, 2023 by Prevail Bank in: Home Loans
Remodeling a home can be an exciting and rewarding experience, but it also requires a considerable amount of time, effort, and money. Carefully consider the pros and cons of remodeling before taking on such a project. Homeowners typically consider remodeling when their current living space no longer meets their needs, or if they want to make improvements that will increase the value of their property.
What are the Pros and...
Free Shred Day Events at Prevail Bank - 2023
Posted On: April 1, 2023 by Prevail Bank in: Community
Our customers and local organizations matter. To show our appreciation, we have coordinated an event that benefits everyone!
Each of Prevail Bank’s nine locations will be holding a free Shred Day Event for paper documents. The community benefits through the free shred service we’re providing, and local nonprofits receive a donation. For every pound of paper shredded, Prevail Bank will donate a dollar,...
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