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Archive - April 2023

Will the May 2023 Mortgage Fee Structure Change Impact me?

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...

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Tags: Fannie Mae and Freddie Mac, Mortgage Fee Structure Change, Mortgage Tips

Savings Tips to Prepare Students

Savings Tips to Prepare Students

Posted On: April 11, 2023 by Prevail Bank in: Banking

Teach Children to Save

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...
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Tags: financial literacy, financial tools, Savings TIps, Teach Children to Save

What should be taken into consideration when remodeling a home

What Should be Taken into Consideration When Remodeling a Home?

Posted On: April 1, 2023 by Prevail Bank in: Home Loans

What should be taken into consideration when remodeling a home?

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...
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Tags: Home Equity, Home Loans, Mortgage Tips, remodeling

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