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What is a Home Equity Line of Credit (HELOC)?

What is a Home Equity Line of Credit (HELOC)?

It has often been said that owning real estate is one of the best investments someone can make. You might not be interested in becoming a real estate investor, but simply owning a home is a real estate investment in itself. The benefits of owning a home far outweigh any of the challenges. Owning a home can offer you tax breaks, a reasonable risk-adjusted return on investment, and a guard against inflation. A huge benefit of being a homeowner is that it gives you the opportunity to build equity.

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Monson Savings Bank Welcomes Jason A. Berry, Vice President and Commercial Loan Officer

Monson Savings Bank Welcomes Jason A. Berry, Vice President and Commercial Loan Officer

Monson Savings Bank is pleased to announce the recent hire of Jason A. Berry as Vice President and Commercial Loan Officer. In his role, Berry will be focused on providing customized, sensible lending and deposit solutions to businesses. Ultimately, he aims to help local businesses reach or exceed their goals.

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Great Home Upgrades to Tackle with a HELOC

Great Home Upgrades to Tackle with a HELOC

Upgrading your home, making repairs or adding a renovation is a great way to use a Monson Savings Bank Home Equity Line of Credit (HELOC). Not only can home improvements benefit your quality of living, some may also even increase the overall value of your home. We have created a list of home upgrade ideas that can turn your house into your dream home including some that may even increase the property's value.

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Tips for Creating Strong Passwords and How to Protect Them

Tips for Creating Strong Passwords and How to Protect Them

Passwords are one of the most important innovations of technology and a huge part of our everyday life. If used correctly, passwords can keep our online and electronic information safe from criminals and hackers who could otherwise do harm. However, we all have so many passwords, we tend to take them for granted. Monson Savings Bank is bringing awareness to passwords, sharing helpful tips on how you can create strong passwords and how you can make sure to protect them.

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Teach Children to Save Day: Our Continued Commitment to Financial Literacy

Teach Children to Save Day: Our Continued Commitment to Financial Literacy

Teach Children to Save Day brings awareness to the importance of teaching young people about not only saving, but also spending, budgeting, banking, credit, and investing. At Monson Savings Bank, we believe it is essential to teach children about finances from a very young age. In fact, we take pride in teaching young people about money every day.

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