Welcome to our blog, where we regularly post helpful tips and information to help you make the most of your money, through all stages of life. Here you’ll find the latest on banking and investing; mortgages, loans and lines of credit; retirement planning and trust management; and more.
Plus, we’ll share ways that The First National Bank of Mount Dora is supporting our local community.
Building A New Home?
Building a new home is exciting! Pick your lot, pick your floor plan, pick your finishes, and you have a home that was built just for you. Paying for it, however, may be a challenge. There’s the cost of the lot plus the full cost of the home, which is typically paid to the builder in phases during the construction process. Traditional loans or mortgages may not work well for new home builds. Construction loans may be a better solution.
Meet Alice Taft, Assistant VP & Trust Officer in Leesburg
Have you ever wondered whether you were truly prepared for the unexpected? Or whether you could make your money work even harder for you? Sitting down with a professional wealth manager is a great way to get advice on what you’re doing well, and what you should do differently.
Meet Rhonda Pincus, Loan Officer in Leesburg
If you visit our Leesburg branch office, you might see a new face. That’s Rhonda Pincus (NMLS #514771), a new loan officer at FNBMD. And while we always love to welcome new faces to the FNBMD family, we think this is especially exciting news for our Leesburg customers because it means they can meet with a local loan officer right at their hometown branch, getting the personal service that FNBMD is known for.
Financial Fitness Goals for 2021
5 Ways to Bank While Social Distancing
The COVID-19 pandemic has brought about the new term “social distancing,” designed to reduce the spread of the virus.
But life - and banking - still need to happen.
Here are five ways to get your banking done with The First National Bank of Mount Dora (FNBMD) while following the six-foot social distancing guidelines.
Trust vs. Will: Which do you need?
Do you know the difference between a Trust and a Will?
One key difference is that a Will must be filed with the Court when the person who made the Will dies. That means the Will becomes part of the public record. Everything written in it, including names, becomes a matter of public record, due to the need to probate a Will with the Court when someone passes away. The probate process itself is lengthy and expensive, sometimes costing tens of thousands of dollars.
Buying or Refinancing a Home: Ask Our Experts
Meet Amy Bolt (NMLS #616929) and Laura Tolbert (NMLS #1200280), our loan officers at The First National Bank of Mount Dora. Interest rates are still very attractive, even in the COVID-19 environment, so if you need to purchase a home, or if you’re wondering whether to refinance, here are some things to keep in mind.
Four Ways to Make Your Money Work for YOU
Is your money working for you? You work hard for your money, and you’ve likely saved over the years to accumulate some wealth. It’s nice to have some money in the bank, or in the stock market, or both, but is your money really working for you?
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