Mortgage Calculators

Thinking about buying a home, paying off a mortgage, or even figuring out the right mortgage for you? We have you covered. You can use these interactive calculators to help you understand your options, and what solutions may work best for your situation. No matter what your home-buying needs are, you can talk to one … read more »

How to Apply for a Mortgage

Buying a home is an important milestone, no matter what stage of life you’re in, and we’re here to make you feel comfortable every step of the way. Main Street Bank specializes in: Fixed Rate and Adjustable Rate mortgages for residential 1-4 family homes. The property may be owner occupied, non-owner occupied, or a vacation … read more »

The Tax Benefits of Owning a Home

From building equity to giving you a chance to settle down and plant roots, homeownership comes with potential benefits that renting simply doesn’t offer. Among them are several tax advantages worth knowing about. Here’s a quick look at how to make the most of those tax deductions. DEDUCTING MORTGAGE INTEREST Unless you recently won the … read more »

Start Building Wealth In Your 20’s

Start Building Wealth In Your 20’s There are so many things to love about being in your 20’s; you have ample time to explore new and exciting career opportunities, and to build independence. You also have valuable time to do something that will be very important when you get older — build your wealth. Here … read more »

Multi-ethnic Young Woman Relieved and Smiling Over Financial Calculations in Her Kitchen.

Renting vs. Buying a Home: Things to Think About

Renting vs. Buying a Home: Things to Think About (FDIC Consumer News) With housing prices still low in many areas and a favorable mortgage-rate environment, people who don’t own their home may be thinking about buying instead of renting. Here are points to consider: Why Rent? Freedom to move: If you unexpectedly need to find … read more »

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Tax Tips for Home Sellers

When it comes to taxes, you’d think the Internal Revenue Service would keep all of the money-saving secrets hidden away in a locked vault. After all, that’s the government’s income. But the IRS is actually quite forthright in giving away tips for saving. If you’ve got a house on the market or have recently sold … read more »

5 Qualities of a Good Mortgage Lender

So, you’ve made the decision to buy a home or to refinance the mortgage on one you already own. Now all you need to do is find the right lender to help make it happen. That should be easy, right? But with all the mortgage lenders available today—from your local bank to online mortgage lenders—it’s … read more »

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The Difference Between Debit, Credit, and Prepaid Cards

Many consumers use debit, credit and prepaid cards interchangeably to purchase goods and services. However, you should be aware that these three types of cards are quite different and that each card works differently. If you use a credit card, you are borrowing money that you must pay back, in addition to interest, if you … read more »

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The Comeback of Adjustable Rate Mortgages

Adjustable-rate mortgages, also known as ARMs or variable-rate loans, have been out of favor with many people in recent years because of the low interest-rate environment and the perception that rising payments on ARMs contributed to foreclosures during the recent financial crisis. But with new federal disclosures and protections for consumers, some borrowers are wondering … read more »

Family unwrapping things in new home