SouthStar Bank

A free checking account has so many attractive benefits for individuals who view managing finances productively without high fees. Like any other financial product, free checking accounts have their pros and cons. In this blog post, we are going to look at some of the pros and cons of a free checking account. Pros of Free Checking Account No Monthly Fee Most likely, the largest benefit of having a free checking account is its lack of a maintenance fee, which one has to pay month after month. Usually, checking accounts carry an extra fee that someone has to pay for one month in a year, and in the long run, that can work out pretty expensive. A free checking account gets rid of this charge and, thus, has more money in your account to go around. Access to Your Monies Most free checking accounts allow you to easily access your money. You may withdraw cash from an ATM, pay bills online, or even use a debit card with such accounts. Many free checking accounts feature mobile and online banki...

Expansion and/or acquisition of new properties is the most critical growth stage for most businesses. A commercial real estate loan helps this expansion, but let's have an overview of how this loan works and what happens to get it. What is a Commercial Real Estate Loan? A commercial real estate loan is a business tool that can be used to acquire, refinance, or develop commercial properties. Commercial real estate loans are usually much more substantial than home mortgages and most often are business-use or income-generating properties. This means the loan is collateralized by the property itself. Where the borrower can't pay, the lender takes away the property. Commercial real estate loans are far more complex than residential mortgages because most commercial real estate loans are secured for investments or even to operate businesses. Commercial Real Estate Loans Types Commercial real estate loans are highly diversified to cater to any business need that may arise. Such types...

Building a new home is exciting but very overwhelming, especially when it comes to financing the construction and securing a long-term mortgage. Construction to permanent loans solve this by combining the two stages of financing into one loan. Understanding how these loans work can help prospective homeowners make an informed decision when financing their dream home. Construction to permanent loans are one type of mortgage used to finance the cost of constructing a new home, with permanent financing after construction is complete. This eliminates the need for having two separate loans, like one for the construction period and another for the permanent mortgage. Instead, they secure one loan for the entire process that transitions from a short-term construction loan to a long-term mortgage once construction is done. This streamlined approach offers convenience and often saves money for homeowners during the process. Most of these loans are usually made for those planning on constructin...