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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Our Commitment to Empowering Young Minds Through Financial Literacy
At Monson Savings Bank, we believe it is essential to teach children about finances from a very young age. We take pride in helping young people build a strong foundation in financial literacy?covering important topics like saving, spending, budgeting, banking, credit, and investing. Every day, we?re committed to empowering the next generation with the knowledge and tools they need to make smart financial decisions.
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Online ID Fraud: Protect Yourself from Cybercriminals
Online fraud is an ongoing struggle as the internet continues to transform the lives of many users, revolutionizing the way consumers makes purchases, communicate with one another, pay their bills, and transfer money online. While all of these advancements make common tasks hassle-free and convenient, Monson Savings Bank urges consumers to take extra precautions, allowing them to navigate the web safely and avoid online crime.
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Identity Theft: What is it and How Does it Happen?
At Monson Savings Bank, one of our top priorities is protecting our customer's personal information in order to prevent identity theft. Identity theft can cause the victim a slew of problems which is why prevention is a well-covered topic. Regardless, we think that it is important to bring awareness and review what identity theft is and how it can happen, so that you can protect yourself and avoid becoming a victim.
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Unemployment Fraud: Stay Alert of False Claims & Collected Benefits
Right now, unemployment fraud is at an all-time high due to the astounding number of pandemic related layoffs and closures of workplaces. At least $36 billion has been stolen from struggling Americans by criminals. Now more than ever it is very important to educate yourself about what unemployment fraud is and how to prevent it from happening to you.
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