Mortgage success through member education


first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Credit unions can win over banks in this area.by: Nicole HamiltonCredit unions have a unique opportunity to capture new members and market share around home ownership, and a distinct competitive advantage over other institutions to do so.Americans have much of their money in their homes. In fact, 80 percent of home owners have 66 percent of their net worth in the equity on their house, according to the Century Foundation’s white paper: A Tale of Two Recoveries. This makes their home by far their largest investment.Yet the statistics on how much people understand about mortgage concepts are grim. Mortgages are complex, but are often sold simply, with the focus on interest rate and monthly payment. In addition, few home buyers are aware of how much equity they might have in their homes in the future, given different available products and offers, or what the trade-offs are with regard to overall cost of the loan.Mortgage originators need to be concerned with ability to pay, and the qualification standards are high these days, preventing precarious financial commitments that many homeowners found themselves in during the pre-mortgage crash. Banks that originate mortgages are generally focused on mortgage origination volume, and keeping their complaints and production costs down, but not necessarily on creating educated customers or optimizing those customers’ long-term financial outcomes well into the future. continue reading »last_img read more

Bonnie Landes, 90, Wellington: June 23, 1926 – Sept. 1, 2016


first_imgBonnie LandesBonnie Faye Landes, age 90, resident of Wellington, died Thursday, September 1, 2016 at Golden Living Center.  Bonnie worked side by side with her husband in the family business of the gas and oil stations, farm fuel transport, bait house, ice house, and café.Bonnie Faye (Riggs) Landes was born on June 23, 1926 in Geuda Springs, KS to Raymond R. Riggs and Ida Olive (Baker) Riggs.  Bonnie was a Wellington High School graduate with the Class of 1944.She married Merle Leon Landes on March 11, 1946 in Newton, KS.She enjoyed spending time with her family and friends, dancing with Merle, camping and traveling with family, cooking, and sewing.  Bonnie was a care giver for anybody in need her entire life.  She also enjoyed hosting large family and friends’ holiday get-togethers.Bonnie was a member of the First Baptist Church for over 70 years.  Through the years she was also a member of the VFW Women’s Auxiliary, the Election Board, a “Pink Lady” volunteer at the Sumner Regional Medical Center, a P.T.A. member for over 20 years, a member of the Polka Club, a Cub Scout Leader, and a Brownie Girl Scout Leader.  She was also an avid donor for the American Red Cross being a member of the 50 gallon club.She is preceded in death by her parents; two brothers, Lawrence Riggs and Floyd Riggs; and two sisters, Doris Hackett and Louise Sawyer.Survivors include her husband of 70 years, Merle Landes of Wellington; two sons, Marvin Landes and his wife Billy of Derby, KS and Valdon Landes of Fort Collins, CO; two daughters, Cristal Horsch and her husband Doc of Wellington and Janet Warkentine-Marker and her husband Larry of Wilson, KS; one sister, JoAnn Ostrander and her husband Tommy of Wellington; 12 grandchildren; and 23 great grandchildren.Funeral Services will be held at the First Baptist Church on Wednesday, September 7, 2016 at 2 p.m. Pastor John Bliss will officiate.  Interment will follow the service at Prairie Lawn Cemetery.Visitation will be held at the funeral home on Tuesday, September 6, 2016 from 1 to 8 p.m.Memorials have been established with the First Baptist Church of Wellington, KS, and the Wellington Public Library.  Contributions can be left or mailed to the funeral home.Frank Funeral Home has been entrusted with the arrangements.To leave condolences or sign our guest book, please visit our website at www.frankfuneralhome.netlast_img read more