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Your Community Bank's eNewsletter June 2019
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Greetings!
This time of year reminds us why we live here--it's beautiful! Wishing you a great start to the summer. Hope you enjoy all that the Four Corners has to offer.
P.S. This is the last month to take our customer service survey. (Link closes 6.30.)
Be safe out there,
Sheila Mathews | President and CEO
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Customer Feature:
Mortgage closing
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Congratulations to Loretta Jaramillo and Nik Paniagua on their new home! Thank you for choosing FCCB's mortgage team to work with you in processing and closing your mortgage loan. We wish you both loads of happiness, fun, and laughter in your new home.
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Community News:
Around the Four Corners
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FCCB's Barry Hansen (left), Briana Wallace, Sara Berry, Marsha Chaffin, and Shawn Candelaria "toast" at Durango Wine Experience over the weekend. Shawn is a member of the organization, which
donates all proceeds to various chosen local Durango charities. Cheers to that!
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FCCB's Sara Berry (left), Marsha Chaffin, and her husband Jason attended the Four Corners Friends of NRA dinner and live auction in Cortez.
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U.S. Paralympian and medalist, Brittani Coury shared her story and Olympic journey with FCCB staff. She believes obstacles are opportunities for growth and betterment. Pictured with her great aunt and uncle (and FCCB board member), Ed and Margaret Armstrong, along with FCCB's Joshua Bollacker, Rachael Swatsenbarg, and Clete Berens.
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FCCB's Joshua Bollacker, Kathryn Pettijohn, and Board Member, Dr. John McNeill attended Farmington Daycation at Farmington Museum and Visitor Center. During National Travel and Tourism Week, they celebrated the local businesses that make Farmington an adventure base camp. |
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FCCB's Shawn Candelaria rode at 12 Hours of Mesa Verde toward an enthusiastic audience (his daughter, Liv)! FCCB was proud to help sponsor this event, benefiting local youth programs.
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Customer Corner:
June observances
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An FCCB-sponsored HomesFund homebuyer education class is scheduled in Cortez on Saturday, June 22 (and August 17) at the Cortez School Administration Building (400 N. Elm St.) from 8:30 a.m. to 4:30 p.m. $15 material fee. Register at homesfund.org or call 970.259.1418 for more info.
6.15:
World Elder Abuse Awareness Day
6.28: National Insurance Awareness Day
June: American Housing Month and National Internet Safety Month
July 4: All FCCB locations will be closed Thursday, July 4. Happy Independence Day!
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| Insight: Six tips for spring cleaning your finances |
- Review your budget. A lot can change in a year. If you've been promoted, had a child, or became a new homeowner or renter, be sure to update your budget. Determine what expenses demand the most money and identify areas where you can realistically cut back. Develop a strategy for spending and saving--and stick to it.
- Evaluate and pay down debt. Consider how much you owe and what you are paying in interest. Begin paying off existing debt, whether that's by chipping away at loans with the highest interest rates or eliminating smaller debts first.
- Set up automatic bill pay. By paying recurring bills automatically on the same day each month, you'll never have to worry about a missed payment impacting your credit score. Plan out your automatic payments to ensure your checking account has an adequate amount of funds when the payments are scheduled to be withdrawn.
- Save for emergencies. About 40 percent of Americans are positioned to cover a $400 emergency expense. You can prepare by opening or adding to a savings account that serves as an "emergency fund." Ideally, it should hold about three to six months of living expenses in case of sudden financial hardships like losing your job or having to replace your car.
- Go digital. Converting to paperless billing will help keep your house (physical and financial) more organized, and will help protect you from fraud. Use your bank's mobile app to check balances, pay bills, transfer funds, deposit a check, and send money to friends from wherever you are.
- Check your credit report. Every year, you are guaranteed one free credit report from each of the three credit bureaus. Take advantage of these free reports and check them for any possible errors. Mistakes can drag down your score and prevent you from getting a loan, or cause you to pay a higher than necessary interest rate.
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| Product Feature: Mortgage expertise |
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FCCB's mortgage team has a wealth of information including local market knowledge and what you need for a successful application. Consider these four things before applying for a mortgage:
1. Low debt-to-income ratio (40% or less): The amount of your gross monthly income that goes toward paying debts
2. Steady employment (2+ years): Ideally need to show consistent employment without declining income
3. Good credit score (680+): The higher the score, the more likely you appear to be able to pay a loan back
4. Credit card capacity: Use 35% or less of the credit allowed and pay the balance down each month
Contact our mortgage team to learn more. Find us here.
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Four Corners Community Bank
500 West Main Street, Suite 101 | Farmington, NM 87401
NM: 505.327.3222 | CO: 970.565.8421 | Toll free: 1.855.547.3222
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