Banking Blog & Financial Tips

Welcome to our Banking Resources and Financial Tips Blog! Here, you'll find useful banking related articles and tips designed to empower you on your financial journey. Whether you're looking for budgeting advice, insights on savings, tips for growing your business or ways to enhance your financial well-being, our blog offers expert guidance to help you make informed decisions.

Start exploring and take the first step toward financial confidence today!

Financial Gifts for the Holidays

November 16, 2022

With the guidance of an expert at a trusted financial institution, you can find a gift for friends and family members of all ages that can improve their financial position, increase their financial knowledge, bring them one step closer to realizing a long- or short-term goal, or simply ensure they are better prepared for whatever the future holds. If you’re considering a financial gift this year, we’ve compiled a list of options to consider, each guaranteed to make this holiday season happier than ever.

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Business Acquisition Loans Guide

October 25, 2022

As Baby Boomers approach retirement and after two years of increased burnout resulting from the Pandemic, experts are expecting to see significantly more business owners opting to sell. For those looking to become an entrepreneur while avoiding much of the risk associated with starting a completely new business, there could be no better time than the present.

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Pros and Cons of Money Market Accounts

September 21, 2022

When looking for ways to maximize the money you’ve worked hard for, you should always make sure you’ve selected the best savings account for your short- and long-term goals. Though there are many options to choose from, one of the most popular is a money market account, which allows you to save safely while earning a competitive annual percentage yield (APY) and provides easy access your money for unexpected expenses.

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Understanding Construction Loans

September 13, 2022

When it comes to buying the perfect home, many struggle to find one that meets their unique needs. If you’re having difficulty finding a property that checks all your homebuying boxes, a construction loan could provide the financial foundation you need to build your own or drastically modify an existing one.

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Is a Second SBA Loan Right for You?

September 7, 2022

Small Business Administration (SBA) loans are typically the best financing options for small business owners looking to start or grow their business. They are backed by the SBA and come with various loan amounts, low interest rates, flexible spending options, and extended repayment periods. And while many owners have turned to financial institutions such as BayFirst for a small business loan since the SBA was established in the 1950’s, not all are aware that they can have multiple should their business require it – but there are some qualifications.

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HELOC vs Home Equity Loan: Key Differences

August 31, 2022

While many recognize both home equity loans and home equity lines of credit (HELOCs) are available, not all are aware of the differences between the two and which is best for their specific needs. To help, the personal loan experts at BayFirst have created the below HELOC vs. Home Equity Loan cheat sheet to use when you’re ready to maximize the value of your home to tackle your next project or cover an expense.

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Maximize Increased Home Value

July 25, 2022

Home prices are surging across the country leaving many homeowners looking for ways to tap into their increased home equity to better position themselves financially. If your home’s value is high, now could be a smart time to take advantage to set yourself up for future success, too.

To help homeowners do just that, the residential mortgage experts at BayFirst have compiled a list of ways to maximize the value of your home while home prices hover at record highs.

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Budgeting For Summer Break

July 15, 2022

The final weeks of summer are upon us, and inflation is continuing to heat up everyday expenses, leaving many families looking for ways to stay within budget without missing out on the fun leading up to the school year. To help, the experts at BayFirst have compiled the following list of tips to ensure the rest of summer break doesn’t break the bank.

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Cash Kids Club: Summer Fun and Lessons

June 27, 2022

You’re never too young to benefit from lessons about saving, budgeting and more. So, if you’re looking for fun activities for the kids in your life this summer, look no further than BayFirst’s Cash Kids Club, designed to teach children ages 12 and under the skills they need to succeed financially.

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Say YES to ARM: Adjustable-Rate Mortgages Rising

June 10, 2022

With rising interest rates and continued housing appreciation, many borrowers are concerned about missing out on homeownership due to overall affordability, leaving them searching for any competitive advantage they can find. As a result, mortgage lenders are seeing an increase in Adjustable-Rate Mortgages (ARMs).

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