Do you want to renovate a home after buying? Are you considering building a new home? In these situations and many others, you will need a construction loan before you start a traditional mortgage. Depending on your situation, different loans are required. Construction to permanent With a construction to permanent loan the lender releases money…
If you are considering buying a foreclosed property, it is good to familiarize yourself with the process. There are typically three times during this process when it is possible to buy the property: pre-foreclosure, at auction and after the foreclosure. What is foreclosure? A foreclosure is the process where a bank or financial institution takes…
Don’t be another victim. Thousands of people have lost millions of dollars and their personal information to fake IRS communication scams, according to the IRS. Here are important reminders from the IRS about tax fraud. Two most important things to know about the IRS. The IRS DOES NOT initiate contact by email, text messages or social media with taxpayers to…
In a recent trend, fraudsters are focusing their attention on ATM terminals. Be aware. Fraudsters are able to compromise a merchant’s payment system or ATM by use of malware or by attaching a physical device, such as a skimmer, which reads the data in the magnetic stripe and can be used to produce a fake…
If you receive a call or text from RCB Bank requesting information of any kind, hang up and call your local branch or a verified RCB Bank phone number.