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Borrowing and credit can play a key role in reaching many major life milestones but need to be managed properly, particularly during periods of elevated interest rates, to avoid falling into debt. A survey from WSFS Bank found that 38% in the region are focusing more on paying down debt, and 37% are avoiding borrowing or taking out a loan as a result of rising costs of living and higher interest rates over the past year.Read More
With interest rates continuing to rise, the need to borrow and use credit responsibly is more important than ever to avoid negatively impacting your financial stability. Borrowing plays an important role in your financial journey, and when used responsibly, credit can help you achieve many of your financial goals.Read More
If you’ve been paying attention to financial news lately, topics such as inflation, rising interest rates and the housing market have been the predominant headlines. While much of the focus on rising interest rates has centered around how potential homebuyers are impacted and why they should act now to avoid paying more for the same home later, consumers should also be looking closely at any current debt and spending habits, too.Read More
The Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act) requires Associates of WSFS Bank who act as residential Mortgage Loan Originators (MLOs) to federally register with the Nationwide Mortgage Licensing System and Registry. MLOs must obtain a unique identifier and maintain registration. Click here to see a complete list of WSFS MLOs and their Nationwide Mortgage Licensing System (NMLS) ID#. Consumers may look up MLOs by their NMLS ID# by clicking here.