Archive for April, 2012

inflation RS

Are you factoring inflation into your finances?

April 27th, 2012 Mark Sandvig

Sixty or 70 years ago, it was possible to buy a car for less than $1,000 and an average house for roughly $5,000. In today’s world, this is hard for us to imagine. Although it’s mostly common knowledge that prices go up over time, many people don’t fully understand the forces behind inflation nor the […]

saving for a down payment

Buying a home: Mortgage 101

April 20th, 2012 Jamie Allison

Editors Note – this article is the third article in our series “Buying a home.”  In this series we’ll share tips and tricks that will help make the home buying process less confusing and more enjoyable. Selecting a mortgage can be confusing, frustrating and time-consuming. Nonetheless, picking a mortgage may be the most important financial […]

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What happens when you close a credit card?

April 13th, 2012 Kevin Crall

Do you have credit cards that you opened to collect extra miles or a discount at your favorite store? Or perhaps you have some extra credit cards from your college days? If so you’re probably wondering if it’s time to close some of those extra lines of credit. It’s easy to take your scissors to […]

Reverse mortgage RS

Reverse mortgages – get the facts first

April 6th, 2012 Jayne Sandler

As an empty nester, it’s likely you’ve heard the term “reverse mortgage” pop up more frequently among your circle of acquaintances. Although we at MidWestOne Bank do not offer reverse mortgages, it is important to understand this type of mortgage option, to see if it is a viable option for you. If you’re 62 or […]