Community Corner: Cat Hospital

cat hospitalGreater Lafayette Cat Hospital is a well-established, full-service, feline veterinary hospital providing comprehensive medical, surgical and dental care. Our community is lucky to have a Board Certified Feline Specialist, one of only two such specialists in the state of Indiana. They provide a broad spectrum of diagnostic procedures offering both in-house testing and the use of outside laboratories.

Got a furry feline friend?  Check out the Cat Hospital, where their goal is to not only provide the ultimate in medical and surgical care, but also to provide an atmosphere that is soothing and friendly to cats and their owners. Typical veterinary hospitals can be stressful for cats because of the presence of barking dogs.   Lafayette Community Bank is a proud business partner with Dr. Janine Siebert and her staff.

Cat Hospital
995 S. Creasy Lane
Lafayette, IN 47905
Phone: (765) 449-4195

Community Corner: Buckles Feed Depot and Pet Supply

Buckles
Community Corner allows all of us at Lafayette Community Bank to shine a spotlight on many of our business partners in the community.  Since 1977, Buckles Feed Depot and Pet Supply has provided Lafayette pet owners with quality products. From exotic lizards and snakes, to fuzzy rabbits and hamsters, Buckles has a wide variety of animals to choose from. Visit Buckles and bring home a new furry friend, or one that slithers, today!

220 S 4th St, Lafayette, IN 47901

Community Corner : Tempest Homes

TempestTempest Homes offers custom-built new homes at an affordable price and they are one of our trusted business partners. They build new homes with a focus on energy efficiency, quality, and affordability. Their team of sales representatives is very invested in each of their customers and they have countless positive reviews.

Tempest Homes builds homes in both the West Lafayette and Lafayette area and they have a reputation of building safe communities. If you’re in the market for a new home, don’t forget to contact the folks at Tempest Homes!

Tempest Homes
10 North 7th Street
Lafayette, IN 47902
Phone: (765) 742-0300
Fax: (765) 742-0304

 

Community Corner : Thompson Brothers Auto Sales

Thompson Brothers.pngThompson Brothers Auto Sales is a used car dealership run by Dave and John Thompson off of 52 in Lafayette. Thompson Brothers is a business partner with Lafayette Community Bank and they have been in business for 25 years, since they opened in 1990. They serve our community by offering quality, used vehicles with easy payment plans.

We are happy to partner with a company that believes “in treating others in a way that you would like to be treated.” Their mission for serving the community and offering affordable vehicles are just a few reasons you should stop by Thompson Brothers the next time you are in the market for a new vehicle.

Thompson Brothers
2207 Concord Rd.
Lafayette, IN 47909
765.474.7530

Community Corner: ServiceMaster Clean by CleanAir inc.

ServiceMaster-Homeslide1Service Master Clean offers residential and commercial carpet and floor cleaning services. Their cleaning team also offers restoration services in case of fire, mold, water, smoke, or weather damage.

We are proud to be a business partner with Service Master Clean for all that they do to keep the homes in our community in top-notch state! Next time you need your carpet and flooring cleaned, call Service Master Clean of Lafayette.

Office: ((765) 588-4225
ServiceMaster Clean
4424 McCarty Ln, Lafayette, IN 47905
http://www.servicemasterclean.com/

 

What is a HELOC and why should I have one?

helocHELOC’s have become over the last couple of decades a lending staple for consumers that own their primary residence for many reasons. What the heck is a HELOC, you ask.

First, let’s clear up what a HELOC stands for. HELOC is an acronym for Home Equity Line of Credit.   A HELOC is a consumer loan line of credit product that is typically secured by a primary real estate residence. Most often a HELOC is secured by a 2nd mortgage and the line amount is determined on the value of your home less the amount owed on your existing 1st mortgage and the repayment ability of the homeowner. The line is typically available for any discretionary spending needs of the homeowner and the amount available to use depends on the level of repayment by the borrower. Many HELOC’s require monthly payments of just the accrued interest due on the amount owed.

Now, the big question. If I’m a homeowner with equity in my home, why do I need a HELOC? While everyone’s situation is unique and their specific needs change over time, here is a bullet point list of the benefits that makes the HELOC such an attractive product for most homeowner’s.

  • Let’s leadoff with the big one. Currently, all interest paid on a HELOC that is secured with a mortgage on your residence is tax deductible.   No other consumer debt product that offers discretionary spending through a line of credit offers this important benefit. Credit cards do offer benefits for short term discretionary spending needs if you are planning on paying the incurred debt off quickly, but for your purchases with a longer repayment schedule, the tax deductibility feature offers a huge potential benefit.
  • The HELOC typically has an interest rate that is usually much lower than most credit cards. The rate is typically variable, just like most credit cards, and like most credit cards the interest rate usually is tied to a bank or national prime rate.   Due to the tax deductibility feature of the HELOC, your actual tax affected rate can be even lower.
  • Once approved, a HELOC can be used for any discretionary spending needs. Depending on the amount available, it is always there for that home improvement project, that new car you have been putting off buying for a couple of years, or helping to pay that large student tuition coming up in the fall for your college-bound child. You will not receive a phone call from your credit card company asking about the purchase, or even worse, have the credit card cancel the purchase due to concerns about possible card fraud due to the significant size of the transaction.

If you have an interest in learning more about a HELOC and how it may meet your specific financial needs, your lending team at Lafayette Community Bank would happy to sit down with you at your convenience. We offer highly competitive terms on all of our consumer loan products and always strive to determine the best loan product that meets your financial need. Call any of our convenient banking centers and ask to speak to one of our many loan specialists today!