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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

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

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: Mortgage Lending, Trending

7 Tips to Improve Your Credit for Buying a Home

March 30, 2018 by Mike Brooks

Tracking and maintaining credit is a vital but extremely difficult task. Large purchases such as buying a home are exponentially more challenging with poor credit. March is Credit Education Month, making it an ideal time to revisit your credit and start taking the steps to improving it. Try these 7 tips to improve your credit so you can buy a...

Topics: Mortgage Lending

What You Should Know About Rising Interest Rates

March 28, 2018 by Mike Brooks

Interest rates are rising, and in some ways, that’s a good thing. The Federal Reserve slashed rates to near zero years ago when the economy plunged. Now employers are hiring, and unemployment is consistently low. Americans have more money in their pockets, so they’re more willing to spend. Companies are investing in growth, which stimulates the...

Topics: Mortgage Lending

Mortgage Banking Division of CBC National Bank Launches New Website

October 04, 2017 by Mike Brooks

CBC National Bank, headquartered in Fernandina Beach and with branches in Fernandina Beach, Ocala and The Villages, Fla., and Beaufort and Port Royal, S.C., today announced that its mortgage banking division has launched a new customer-focused website featuring enhanced functionality and content.

Topics: Company News, Mortgage Lending