HOMEOWNERS:
Two important questions to ask yourself before rates start going up
JANUARY 2022
Many people believe mortgage rates will start going up soon. We’ve heard that before and it didn’t happen. But eventually rates will go up. A little bit or quite a lot? Nobody knows!
If you’re a homeowner, Winter headed into Spring is always a perfect time to consider where you are with your plans for the near future when it comes to your mortgage and any home improvement or other ideas you might need financing for. Especially this year while there’s still time to lock in today’s super-low rates.
Specifically, you could most likely benefit from asking yourself if you think you want to refinance your mortgage or tap your equity, and what’s the best way for you to make that happen.
Last year some of the large national banks stopped offering home equity lines because – they claimed – homeowners only wanted to refinance. Refinancing makes sense if you can lower your rate or if you have an immediate use for the money. Otherwise, for most homeowners, a home equity line is more flexible and setting up a line costs less than refinancing.
If you’re not 100% sure of what might be the right course for you, there is a very easy way to find out.
Come see us or call VP/Senior Loan Officer Anabela Vargas at 781-828-8811 x4.
We will ask questions to help you figure out if this might be a good time for you to refinance – and we’ll tell you if you’re just fine where you are. If a home equity line might work for you, we’ll tell you that too.
At Canton Co-operative, we like helping people make good decisions that will benefit them for years to come. To us, that’s part of what being a community bank is all about.
Canton Co-operative Bank NMLS #721437
Anabela Vargas NMLS #582849 – Falo Português.
Congratulations ... and a round of applause!
Branch Manager April McKee celebrates 35 years at Canton Co-operative Bank
April McKee recently celebrated her 35th anniversary at Canton Co-operative Bank. She started as a teller and is currently the Branch Manager. President & CEO Nick Maffeo said, “People really like April because they can see she actually does care.” True!
Teller Janet Sykes retires after 5 years with Canton Co-operative Bank
For the past 5 years, customers have had pleasant interactions with Teller Janet Sykes. “Amazing, calm and always making everyone feel welcome,” is how Operations Manager Mary Bocash described Janet, who retired on December 1st. Janet will be truly missed.
Pie Day once again a big success - thank you!
There’s something heartwarming about knowing you made someone else’s day better – that’s what our customers and friends tell us year after year. They love participating in Pie Day because they enjoy their own holidays more knowing they’re helping a local person who had to turn to the Food Pantry this Thanksgiving.
One of the best things about Canton’s strong local culture is the support of the Canton Food Pantry.
Pressure is growing on food pantries nationwide, including the Canton Food Pantry. Food Pantry Co-Director Mary Buckley recently told us they really need six items: Breakfast cereals, boxed pasta, jarred pasta sauce, white tuna in cans, snack packs for kids’ lunches and coffee.
If you can help with any of those, it would be most appreciated. Food items
can be dropped off here at the Bank during business hours. And thank you!
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