What’s On Your Wish List?

2017 Construction & HELOC - VCNB (Rt. 93S & Rt. 50 Clear Channel Lamar)

What’s on your wish list? A big kitchen for family meals? Perhaps a new garage to protect your vehicle from the weather? How about a pool just in time for summer parties? With a Home Equity Loan at VCNB, you can make these dreams come true. Open a new Home Equity Line Credit before April 30 and receive an introductory Annual Percentage Rate (APR) of 2.99%.

A Home Equity Loan or HELOC is a revolving form of credit that uses your home as collateral. The amount of your credit line depends on how much equity you’ve built up in your home. Lots of homeowners enjoy using the equity they have achieved in their homes to make improvements that will increase their resale values or enhance their quality of life.

Click here to learn more about our current special.

Want to speak with a lender? Contact your local VCNB office or chat with a lender from our website!

 

 

 

 

 

 

 

 

 

VCNB: We’re The Bank For You

Construction - FBBC (Nauman Digital)

Doug DeLong

Doug DeLong is a Lender at the Salt Creek Banking Center in Laurelville

If you’ve seen one of our billboards or heard our current radio spot, you know we say that if you want to redo your home or build new, we’re the bank for you. We hear from countless customers that building a home with VCNB financing is easy or that they love our Home Equity Line of Credit. So we chatted with one of our lenders to find out what he believes our customers like best about financing these types of projects with us.

Doug DeLong is a Loan Officer in our Salt Creek Banking Center in Laurelville. He has worked in this office for thirteen years and is a favorite among customers around Laurelville. He expressed excitement about the construction and home equity loan specials VCNB is currently offering. “There are many things that set our bank apart, and these products are at the top of the list,” DeLong said.

Building a home can be an intimidating process for the customer but DeLong said he works to make the financing part as easy as possible. “We pride ourselves on being available to the customer and their contractor for communication during the important building process,” he said. “Frequent communication is necessary. We inspect the home each time a contractor requests a draw from the loan. We also speak to the customer before releasing the funds to the contractor to make sure the customer is happy with the work thus far.”

One thing that sets apart VCNB from many other banks is the turnaround time for loan draws. “There are typically no cumbersome delays in the draw process, as there are at many of the larger banks. Quite often, we can have an inspection done on a home and have the draw disbursed the same day! I doubt this is ever the case at the large banking institutions,” DeLong ventured. “We make it a priority to be prompt, knowing how important it is to the customer.”

He indicated there are many advantages when it comes to the VCNB Home Equity Line of Credit as well. “No closing costs is one big plus.* The rates and easy ability to access your money are others. And, as always, the great customer service continues to set us apart.”

VCNB does have a HELOC special that makes this project even more rewarding for the customer at this time. Click here to read about the special which expires May 15, 2016.

DeLong expressed how easy it to is love his job when he feels like the customer comes first and the loan products are good for the customer. “I like seeing dreams come true for my customers. A new home is one of the biggest dreams people have in life – it’s rewarding being involved in that process. These are just a few reasons I am proud to work at VCNB, a bank that truly cares about our customers’ well-being!”

*There are no closing costs unless the amount of the loan is over $100,000. Borrowers will be assessed fees for title, insurance and survey. If the loan is closed within three years, borrower will be assessed a $500 fee.

Building a Home? Start With Expert Advice!

New ConstructionBuilding a home can be one of the most rewarding things you do in your lifetime but it can also be extremely stressful. That’s why it is important to speak with an expert before you start. VCNB decided to help you in the process by talking to a builder who has decades of experience. We asked him about the things he wishes everyone knew before they begin building their new home.

Bob Brown, owner of Brown Builders Custom Homes, is not only a skilled builder of homes but a builder of dreams. He works with clients all over Ohio, helping them build their dream home. When we sat down with Bob, we wanted to know how someone who has never been through the home building process could get from start to finish with their sanity and their wallet intact.

Bob told us you should involve a builder as soon as you begin looking at land for your new home. He recommends talking with a couple of builders of your choice before deciding who you trust to do the job. “The builder you select must make you feel comfortable, should not pressure you and should never tell you that you cannot do something you want to do. If you hear them say ‘you can’t do that’ during the initial get-to-know-you process, you should be wary. This project is all about you, about what you want, not about the builder,” Bob explained.

The initial meeting should last an hour or two and should be your opportunity to assess the builder. “It’s kind of like a marriage,” Bob said. “You must completely trust this person to have your best interest at heart at all times. This is probably the most money you will spend on anything in your lifetime and you want it to be exactly what you want for you and your family.”

Bob also recommends taking the builder to the lot you are considering for purchase. “It is important for the builder to see the lot, to discuss it with the buyer and to get a feel for exactly what the buyer has in mind. Sometimes, the lot is not conducive for the type of house they want to build and we can tell them that. We can also discuss different options they may have never thought about before,” Bob explained.

The next step in the process is financing. Your builder will want to see pre-approval from your bank so that he or she knows exactly how much you can spend on your new home. From there, you will move into financing the lot and begin talking construction costs. This process could take three to four weeks or, sometimes longer. Patience is virtue during this process. From start to finish, a home can take anywhere from five to nine months – or more to complete. “It depends on each individual house as to the time-frame. Some take less time, some take more. It depends on the client and whether or not they want a custom, semi-custom or production built home. Your builder should review these options with you upfront,” Bob told us.

Once your financing is secure and you break ground on your new home, the planning game turns into a waiting game. “If you are working with a sound builder, they should plan your project up front. They should tightly manage the scope, time-frame and budget. I give my clients weekly progress updates and ample time to make decisions about things. I don’t want there to be any surprises. It should not be a guessing game,” Bob added.

Keep in mind that the process of building a new home and selling your current one can result in life disruptions. That means you may need to find alternative housing if you sell your home before the new one is move-in ready. “The best time to sell your home is between March and August. If you want to be into your new home before the holidays, plan accordingly,” Bob explained.

Bob recommends that you select a reputable builder and lender that you trust. It is also key to always communicate your needs. “Communication is king when building a house. It can make the process much smoother, can erase any fears or doubts and can keep a project on track. It is the most important ingredient in a builder/client relationship,” Bob said.

At VCNB we pride ourselves for working well with our customers and their builders. If you follow Bob’s tips and if you work with VCNB as your lender, there is no need to be apprehensive about building your new home. We are here to help.

The next step in the process is financing. Your builder will want to see pre-approval from your bank so that he or she knows exactly how much you can spend on your new home. From there, you will move into financing the lot and begin talking construction costs. This process could take three to four weeks or, sometimes longer. Patience is virtue during this process. From start to finish, a home can take anywhere from five to nine months – or more to complete. “It depends on each individual house as to the time-frame. Some take less time, some take more. It depends on the client and whether or not they want a custom, semi-custom or production built home. Your builder should review these options with you upfront,” Bob told us.

Once your financing is secure and you break ground on your new home, the planning game turns into a waiting game. “If you are working with a sound builder, they should plan your project up front. They should tightly manage the scope, time-frame and budget. I give my clients weekly progress updates and ample time to make decisions about things. I don’t want there to be any surprises. It should not be a guessing game,” Bob added.

Keep in mind that the process of building a new home and selling your current one can result in life disruptions. That means you may need to find alternative housing if you sell your home before the new one is move-in ready. “The best time to sell your home is between March and August. If you want to be into your new home before the holidays, plan accordingly,” Bob explained.

The building process can be hair-pullingly stressful and can take months to complete. Remember though, it is worth it to have the home you have always wanted, the home of your dreams. Bob recommends that you select a reputable builder and lender that you trust. It is also key to always communicate your needs. “Communication is king when building a house. It can make the process much smoother, can erase any fears or doubts and can keep a project on track. It is the most important ingredient in a builder/client relationship,” Bob said.

At VCNB we pride ourselves for working well with our customers and their builders. If you follow Bob’s tips and if you work with VCNB as your lender, there is no need to be apprehensive about building your new home. We are here to help.

Think Spring

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      It will be here before you know it – in 21 days to be exact. Are you ready to build your dream home?  We offer loans for construction and for lots. Contact your local branch today so that we can help you … Continue reading