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Community Bank Regulation Relief Act Signed Into Law

June 21, 2018 by Mike Brooks

On May 24, 2018, President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act into law. The Independent Community Bankers of America (ICBA) advocated for its passage, saying that this would help Main Street communities across the nation by assisting with consumer access to business and credit lending. With this law,...

Topics: Insider, Trending, Business Banking

May Is Military Appreciation Month

May 24, 2018 by Mike Brooks

At CBC, we consider every month military appreciation month. Our business has supported military veterans and veteran groups since we opened our doors. We understand the extensive contributions our military members make to our country. Many of our employees are veterans themselves, representing every branch of the military. We take pride in...

Topics: Mortgage Lending

Top 11 Tech Items Homebuyers Are Looking For

May 23, 2018 by Mike Brooks

From phones with cords and awkward PDAs to smart home tech that connects your phone, fridge, thermostat, oven, and even the locks at the front door, we’ve come a long way. Ten years ago, everyone was clamoring for a smartphone - fast forward to 2018 and everyone has smartphones; the new hot commodity is smart homes.

Topics: Trending

National Moving Month Is Here

May 21, 2018 by Mike Brooks

 May is National Moving Month and the start of the busiest relocation period in the calendar year. Around half of all moves take place in the summer between early May and Labor Day. Many families decide to relocate during summer months, while school-aged children are out for summer vacation. Military PCS cycles also result in thousands of...

Topics: Mortgage Lending

When NOT to Tap Your Home Equity

May 18, 2018 by Mike Brooks

Tapping into the equity of your home is only an advisable option in specific circumstances. You have worked hard to gain equity, so don’t tap into it unless it’s a necessity. Cash-out refinancing is on the rise yet again. In the second quarter of 2017, equity cashed out increased $1.2 billion from the first quarter. Experts believe the current...

Topics: Mortgage Lending

Senate Passes Bill Impacting Home Loans

May 14, 2018 by Mike Brooks

A new law could make mortgage qualification easier. 

On March 14, the US Senate passed a bill aimed at rolling back regulations from the Dodd-Frank Act of 2010. The nation faced a mortgage crisis nearly 10 years ago, prompting the creation of the Dodd-Frank regulations. Currently, the US House of Representatives is considering the bill, which...

Topics: Trending, Mortgage Lending

So You Want to Buy a Business?

May 09, 2018 by Tom Maiale

One of the most widely used loan types the SBA offers are business acquisition loans. Much like my February commercial real estate article explained, SBA loans for business acquisitions generally allow for lower down payments, longer loan terms, and less restrictive loan requirements than a commercial loan. That said, generally, if you do not...

Topics: Small Business Lending, Business Banking

How CBC National Bank Can Help Your Small Business

May 04, 2018 by Mike Brooks

For more than 50 years, National Small Business Week has honored small businesses and their contributions in the United States. More than half of Americans either own or work for a small business. CBC National Bank recognizes and appreciates the importance of small businesses and there are numerous ways that we can help your small business...

Topics: Small Business Lending

7 Tips to Improve the SBA Borrowing Experience

April 13, 2018 by Mike Brooks

A small business can be the most rewarding challenge of a lifetime. However, such a challenge brings with it an inevitable amount of stress at the company’s inception and as the business grows. The last thing any business owner wants is more anxiety over financing.

Topics: Small Business Lending

50 Years of Fair Housing

April 11, 2018 by Mike Brooks

April is Fair Housing Month, and this month is of particular import because it marks the fiftieth anniversary of the Fair Housing Act. The Fair Housing Act is a vital piece of legislation that helps to protect the civil rights of groups that are discriminated against while seeking housing.

 

Topics: Trending, Mortgage Lending