When refinancing your mortgage, navigating the process can be daunting. To shed light on this topic, we interviewed Rachel Oracki, a Mortgage Loan Officer at First Mid in Rockford, IL. Here’s her insightful Q&A on refinancing, covering everything from the basics to the finer details.
1. What is refinancing, and how ...
Are you saving for the future? Individual retirement accounts are a common way to put money aside for your retirement years. However, do you understand the difference between traditional and Roth IRAs and how these accounts can affect your taxes? Let's break down how IRAs function and how they can ...
Financing a new home can be daunting… but it doesn’t have to be. First Mid can help. Our mortgage lenders live and work in your community, and are ready to answer your questions.
https://youtu.be/dOjiN8g9L9c
To help you prepare for this milestone, we are sharing some helpful tips for first-time homebuyers, so you'll ...
Despite the evolution of electronic banking and payment systems, check fraud remains a persistent and costly problem for business owners.
During a six-month period in 2023, FinCEN (Financial Crimes Enforcement Network, a division of the U.S. Treasury) received over 15,000 reports of mail theft-related check fraud totaling over $688 million1. Mitek, ...
When you change jobs, one of the key financial decisions you'll face is what to do with your 401(k) from your previous employer. You have four options: leave it where it is, roll it over into an Individual Retirement Account (IRA), cash it out, or roll over the assets into ...
Ready to start your holiday spending? Follow these five simple tips to stay on track with your expenses:
Start with a list. Make a list of the people you want to purchase a gift for. Then, make a second list of your other planned holiday expenses — gas, hotel stays, ...
First Mid is honored to recognize Eric Rahlfs, Financial Advisor with First Mid Wealth Management in Carmi, IL, as our Volunteer Spotlight for November 2024. Eric is committed to supporting local community organizations through volunteerism, consistently demonstrating our core values.
What causes are you passionate about supporting through volunteerism? Through my ...
You can make resolutions at any time of the year, but the start of a new year is an especially popular time. The promise of a fresh beginning inspires many to set goals that enhance their daily lives. Popular resolutions often focus on improving physical, emotional, and mental health, like ...
As a new year approaches, many of us reflect on the past year and set goals for the next. One of the most empowering resolutions you can make is to create and stick to a budget. A well-planned budget can help you achieve financial stability, reduce stress, and reach your ...
At First Mid, we take pride in supporting all businesses. This November, in celebration of Small Business Saturday, we’re highlighting a business that inspires entrepreneurs looking to grow their ventures and positively impact their communities.
Clement Auto Group, founded in 2012 by Penuel Raj Clement, is a leading automotive dealer in ...
