NLB Blog

There are many considerations regarding having a home mortgage in retirement. This article is intended to provide an outline of potential pros and cons to be considered. As always, we recommend seeking advice from a Certified Financial Planner and/or your CPA Tax Advisor as these decisions are contemplated.

In today's digital age, protecting your financial assets has become more crucial than ever. One effective way to safeguard your money is by keeping your debit card off when it's not in use. This simple step can prevent fraud and ensure your bank account remains secure. In this article, we’ll explore the benefits of turning your debit card off and explain how scammers use sophisticated algorithms to guess card numbers and test them.

NebraskaLand Bank is thrilled to announce an exciting opportunity for rodeo enthusiasts and the local community—a meet and greet autograph session with some of the most distinguished Rodeo Royalty! As a proud sponsor of Miss Rodeo Nebraska, we are delighted to host this special event to kick off the NEBRASKAland DAYS celebration in North Platte.

Event Details

• Date: Tuesday, June 11
• Time: 10:00 AM - 11:00 AM
• Location: Westfield Branch, 1801 West A Street

Identity theft is one of the fastest-growing crimes in the country, and everyday activities like disposing of documents present opportunities for sensitive information to be stolen. In recognition of this risk, NebraskaLand Bank takes proactive measures to protect our customers through initiatives like Comm(unity) Shred Day. This free event, taking place in both North Platte and Kearney, provides a safe and environmentally friendly way for community residents and local businesses to dispose of important documents.

Mike discusses: Despite strong economic and job growth, there's no Federal Funds Rate cut yet. Rising consumer spending and credit card debt hint at an upcoming economic slowdown, possibly leading the Federal Reserve to cut rates by up to 75 basis points by year's end to manage inflation and sustain growth.

The article highlights the significance of smart budgeting as a crucial step towards achieving homeownership. It presents budgeting not as a limitation but as a strategic tool for financial management, emphasizing its role in tracking spending, saving for a down payment, and preparing for monthly mortgage payments. A good budget offers insights into spending habits, enhances savings, reduces impulsive buying, and prepares individuals for unexpected financial challenges by advocating for an emergency fund.

Agriculture serves as a fundamental cornerstone of our communities. At NebraskaLand Bank our Ag Lenders understand the unique challenges and opportunities that farmers, ranchers, and agribusiness owners face daily. We take pride in our team of experienced Ag Lenders who are deeply passionate about fostering the growth and sustainability of agriculture in rural communities. We're shining a spotlight on our skilled lenders, their backgrounds, and how they bring valuable expertise to our clients.

Exciting news for prospective homeowners in Nebraska! The Federal Home Loan Bank (FHLB) is reopening its Homeownership Set-Aside Program (HSP) and introducing a new grant program - the Homeownership Possibilities Expanded (HOPE) Program on March 4, 2024.

We are proud to support the organizations that tirelessly work towards improving the quality of life in our community. The My Fair Share program serves as an exemplary model of how individuals can directly benefit these organizations. Every year, employees of NebraskaLand Bank nominate local organizations to receive monetary donations. They have the freedom to choose which organizations to support by donating a percentage of their pay throughout the year. In this blog post, we will showcase the recipients of the 2023 My Fair Share Program.

Mike discusses the current economic situation marked by high inflation rates due to labor and material shortages, massive government funding, and record low interest rates. To combat this, the Federal Reserve has raised the benchmark federal funds rates, resulting in higher mortgage rates and increased home construction costs. However, indicators such as an inverted yield curve and slowing consumer spending and GDP suggest that inflation is declining, and rates are expected to fall significantly in the future, aligning with historical trends.