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Financial Conversations with Fitz #63 - Consumer Tips from the FDIC - 05/04/2010

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What a beautiful windy weekend!!!!    Had a great trail race at Pilot Knob on Saturday.  People from all over the state were running on 10 miles of foot trails and up the tower hill twice.   We had a discussion on what is the tallest.   I always thought it was Pikes Peak by the river, but some people thought it was up by Rock Rapids.   Coming up  we will be doing the Winnebago River float.   

Looks like the DOW will open up with some strength.  Even the airlines had a better quarter.   Looks like we may save Greece from sliding into depression with some new packages from Europe.   Grains might be up today, but there is concern with a good week of planting coming up predicted.   A lot depends on how much corn China buys this week.   Ground temps are just about ready to break 60.   

Today we are going to talk about a FDIC service called “Consumer Tip of the Week”.   With all the changes in so many items of mortgage payments, foreclosure information, credit card changes, tax refunds, both regular and housing, keeping your documents and how to solve a problem with your bank if the two of you can’t come to a resolution.   I will mention a few but you can go back to check on www.fdic.gov/consumers/consumer/tips.   The best way to find them is through our website in the Security Corner, the second best way is to google ‘fdic consumer tips’.   The first one I want to emphasize is DO NOT PAY ANYONE TO help you out adjusting your mortgage payments on your house.   There are several good ways to work on this without a charge.   Most of your local banks will do about anything to get it to work for you.   If you happen to have a brokered loan and don’t know who actually services your loan, you can go to Iowa mortgage Help for assistance.   I have worked with several deposit clients that did save their mortgages and their house.   Most local banks do not want to own your home.  They are better served being owned by the people that live in them.   Another tip is what to keep in your safe deposit box at the bank.   If you need immediate access to something the bank is not the best place.   Wills are an important item to at least keep one copy at home in fire proof container.  Had a client that died just before the New Years weekend.   His service was held before we could get into the bank.   Sometimes there is information on burial wishes.   Another is your medical wishes and powers of attorney if you go into emergency in the evening or the weekend.   These are just a couple of good tips that you can take a look at for banking issues.   These will also be listed on your TSB website also.   Any time you have a question, just give us a call at any of our offices.    We are having a Waffle Feed this week at Thompson on Tuesday afternoon and evening at the Branding Iron for our ambulance fund drive as part of TSB Steppin Up to help our communities.

Remember that you should deal with people in community banks and organizations that when they put something together for you that they will  be sitting with them at ball games, church or community events.  So, if in doubt give us a call.