Tips, Trends, and Tidbits
Ever heard of “Pig Butchering”?
I’m fairly certain that you probably have; however, I’m also quite confident that you’ve never heard of it in the context I’m referencing… Fraud! Per Shazam’s June 20, 2024, Blog post, Pig Butchering is “a confidence and investment scam with a bloody name. The fraud refers to the practice of fattening a pig before slaughter. But in this case, the “pig” is a person who was gradually lured by scammers using elaborate storylines to gain their trust. Once this happens, the person is ready for “butchering” — meaning they’ll be bled dry of their money.” Click the link below to read more about this new way of defrauding unsuspecting victims.
Keeping up with the newest fraud trends is exhausting, as it seems as though the fraudsters are always one step ahead.
Letter from the President
Summertime is the perfect time to look at housing options. Whether you are considering purchasing a home, looking to upsize or downsize, or simply wanting to make a change, we offer a variety of mortgage loan options to help you achieve your dream.
- First time homeowner program that requires as little as 10% down with no PMI required
- Conventional loans with a three or five year term
- Fixed-rate mortgages with a fifteen, twenty or thirty year term
If you are in the market for a new home, or looking to refinance or improve your existing home, please let one of our loan officers answer any questions you may have about our loan options. There is nothing quite like the pride of home ownership, especially when you know you have the mortgage that best suits your current financial situation.
One more financial consideration for the summer, if you have a student with a summer job, now is the perfect time to open an account for them and introduce them to the banking process.