SouthStar Bank

  The Honest Basics of Land Loans Most People Miss Loans for land sound easy. Buy land, build later, done. It's just not that simple. Land loans are treated by lenders differently from home loans. Why? Because land in raw form is more dangerous. No structure, no immediate value cushion. In the event of a downturn bankers don't have anything to take their chances. This alone alters the way things work. Rates are higher, more down payments, and more strict conditions. This is the way things are. Why Land Loans Feel Harder Than Regular Mortgages If you've ever had the opportunity to apply for the loan to purchase a house and thought you've got the basics. Loans for land flip the expectation somewhat. The approval process is more stringent. The paperwork may feel heavy. The lenders will ask you more inquiries. What will you build on the property? How soon will you start building? Are there roads? Utilities? They are more important than what people think. For the lender vac...

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...