Managing your finances can feel complicated. At Skowhegan Savings, our team are experts in the field, so if you're looking to stay on top of your finances check out our Straight Talk: Financial Insights. Content that covers some of the most frequently asked questions, by people just like you!
Benefits of borrowing from a bank that doesn't sell mortgages on the secondary market
April 5, 2022
One of the most important decisions anyone makes is to buy a home, and choosing the right lender is just as important. Many home buyers feel that just getting financing approved is what matters, not necessarily where you get the mortgage from...
Purchasing a Vacation or Second Home: What You Need to Know
May 10, 2022
Deciding to buy a vacation home is an exciting time for you and your family. You are choosing a home-away-from-home, perhaps on one of Maine’s beautiful lakes, the coast, or mountains. Here are a few things...
Don't be impacted by upfront fees from secondary market lenders
May 19, 2022
The Federal Housing Finance Authority (FHFA) began implementing targeted increases to Fannie Mae and Freddie Mac's upfront fees for second home loans and certain high balance loans. These new fees went into effect in April, impacting brokers and financial institutions that sell their loans on the secondary market...
Home Construction loans enable you to pay for your new property while it is being built and can help you to keep more money in your pocket each month. Many lending...
Makers of the USA and Skowhegan Savings are excited to kick off a mini-series called "Becoming a Maker" that shares the origin stories of makers from Madison to Portland, Maine. Join us to hear the incredible journeys of these makers - as we dive into their history, challenges overcome, and passion for their craft.
To kick off the series Kristan Vermeulen interviews Alternative Manufacturing Inc., one of New England’s best resources for electronic contract manufacturing, that is based in Winthrop, Maine. AMI serves a wide range of clients throughout the USA, Canada & Europe in markets. What's fascinating about AMI are the ways in which their circuit boards are used. From sound systems in private jets to robotic hands, they help makers bring their products to life. Kristan interviews Kim Vandermeulen and Jim Barry about how they help start-up companies with their tech needs. A great example of how AMI assisted someone in bringing their dream to life was with a woman who lives in Winthrop who wanted to find a technological solution for seniors...
