Category Archives: How can we help you?
June 16, 2014

Some parents have a difficult time trying to determine which allowance strategy is best for their family. Learn more about different options and what worked best for Bob Mahoney of Belmont Savings Bank. What worked best for you? Share by writing a comment below!

June 12, 2014

If you have made the decision to apply for a home equity line of credit (HELOC), then familiarizing yourself with its features will simplify the application process.  In addition, when you draw against the loan, you will know how that loan works and what to expect. Features to understand when applying: Qualifying Your home mustRead the Rest »

June 5, 2014

There was a time when it was easy to find a savings account with a 5% interest rate. All you had to do was walk to your nearest bank. Times have changed and most savings rates are under 1% APY. However, there are things that you can do to ensure your savings account is earningRead the Rest »

May 29, 2014

Are you looking to buy your first home? Here are 10 mortgage vocabulary words you’ll need to know: 1. Annual percentage rate (APR). APR is a standard method of calculating mortgage costs stated as a yearly rate. It includes interest, mortgage insurance, points and/or credit costs. Since it includes other items, the APR number willRead the Rest »

May 22, 2014

Rising home prices in recent years also mean rising home equity, as the price of your home has likely increased well above the amount you owe on your mortgage. If you have equity, it’s worth considering opening a HELOC, or home equity line of credit. This is a low-cost way to borrow money with manyRead the Rest »

May 15, 2014

When you get married and start a life with someone, virtually every aspect of your lives becomes merged, including your finances. It is customary, although not a requirement, for a couple to open a joint checking account when they wed or shortly thereafter. Here are some reasons why joint accounts are a better idea forRead the Rest »

May 7, 2014

Whether you’re shopping around for your first home, a new home or even an investment property, one of the most important factors to concern yourself with is the mortgage. No two mortgages are created equal and what works for your neighbor, family member or best friend might not work for you at all. The twoRead the Rest »

March 28, 2014

Having a baby is an exciting time in a family. It can also be a little overwhelming financially. The U.S. Department of Agriculture state that a kid will cost you $400,000 in his or her first 18 years, assuming an annual household income of $105,000 or more.   The keys to managing these new financesRead the Rest »

March 14, 2014

Each year, high school seniors graduate from high school and make a big step onto their new college campus. However, a lot of preparation is required to determine which college campus that will be. Belmont Savings own CEO Bob Mahoney sat down with Dr. Laurie Nash, a local Independent Educational Consultant, to discuss the journeyRead the Rest »

March 12, 2014

Chances are, you’re sitting on cash. (No, we’re not talking about the loose change hiding under your sofa cushions.) It’s the equity in your home that you can access for important expenses through a Belmont Savings Bank Home Equity Line of Credit (HELOC). While no one would suggest you dig into these funds to payRead the Rest »