By: Stacey R. Crowell; Assistant Branch Manager
Are you preparing for a summer move? Statistically speaking, you are not alone. According to Moving Labor, while more than 40 million people move yearly in the U.S., 80% of these moves occur between April and September.
This is a popular time to buy and sell, and with the right financing and guidance, you can achieve your dream home. At First Farmers, we realize home is where you grow, and we are here to help you find a house where you feel safe and secure. Our lending officers do a great job at getting to know you and your unique desires when it comes to buying or building a home, and we would be happy to meet with you today to build your financing package.
We will sit down with you and help you identify which First Farmers loan option may be best for you, whether that is a short-term construction loan or a long-term fixed-rate mortgage.
As your trusted community bank since 1909, we strive to help you at every stage of your homebuying journey—from the beginning stages to the day you walk into your new home for the first time. In pursuit of that goal, we have outlined helpful tips, tools, and resources to help you successfully navigate peak moving season.
Create a Checklist for Moving Expenses and a Moving Budget
As you begin preparing for your summer move, it is imperative to compile a moving expenses checklist. Typical costs include moving company fees, packing services and materials, unpacking fees, gas, and moving equipment. Creating a comprehensive expenses list can help you develop a realistic moving budget. You can learn to create and stick to a budget by viewing our Budgeting Basics page.
Learn How Your New Home Fits into Your Overall Budget
In addition to budgeting for moving expenses, it is crucial to remain mindful of your everyday expenses to see how your move will affect your overall financial situation. Our Money Manager tool in our online and mobile banking can help in this endeavor by providing an aggregate view of your monthly expenses, making it easy to track and review your purchases and help you prepare for your move.
Prepare for the Unexpected
It is also important to prepare an emergency fund for unexpected expenses. Having additional funds set aside enables you to adapt quickly to scheduling changes, lost or damaged items, overlooked service fees, and more. If you end up not needing your emergency fund, this can be a helpful resource to pull from as you settle into your new home and replace everyday items that you were unable to take with you on the move.
If you are interested in learning more about First Farmers’ home mortgages and loans, fill out our easy online mortgage application. You can also give us a call or visit your nearest branch location, and our team would be happy to meet with you to share additional insights!
References to resources or organizations listed in this communication do not constitute or imply endorsement or support by First Farmers & Merchants Bank.
