Loans: types of loans we offer and how we understand the area better than an outside loan office

Grand Mountain Bank is the only local bank in Grand County, Colorado. The
headquarters of the company is located in Granby, Colorado, and has FOUR
locations. The Summit County loan office is also located in Frisco.

Grand Mountain Banks understands this area better than outside banks and is
also popular with local residents. We offer a wide range of loans, depending on
your needs; Personal loans and commercial loans.

Commercial loans

Commercial loans:
Build your business! We offer small business loans to finance equipment, new
vehicles and buy new supplies.

Commercial credit line:
Pay in difficult times this year or wait for your customers? We offer lines of
credit that will help you survive these times.
loans for commercial real estate:
Are you building, buying or refinancing your office building? We offer variable
loans or fixed interest rates backed by small commercial real estate.

Personal loans

Home equity loan:
We offer the first trust agreement to finance your own capital to finance
renovations of homes, new cars or dream vacations.
Home construction loan:
Build the house of your dreams in the mountains. We offer short-term loans
with interest payments as pre-financing. Loans are available for individuals or
contractors who meet the requirements.

land loan:
Banks offer loans that are guaranteed in the first trust contract on
undeveloped land for the future home.

Auto loan:
Loans for financing new or used cars or trucks.

Home mortgage loan:
Buy or refinance your home or apartment in Grand Mountain Bank. We offer
secured loans for the first deed of trust with a fixed or fixed interest rate of 10,
15, 20 and 30 years. Primary, secondary or investment real estate.

Overdraft protection:
Protection of credit in the current account due to checks reimbursed due to
insufficient funds

Other consumer loans:

Personal loans are available for a variety of reasons and are guaranteed by
different types of guarantees.

Contact us today at 970.887.1221 or stop by at any of our locations – Grand
County, Fraser, Granby, Grand Lake and Kremmling. Also our loan office in
Frisco – 970.455.8409

Social media tips for your business

Social Media Marketing Tips

Marketing your small business in social media: tips on what to do and what not to do. What social outlets are best for small businesses?

Tips on what to do and what not to do:

Domination on the platform
Find out where the target customers spend their time online. Then select the social platform and dominate it. Request your profile in other networks, but most focus on it. Listen first you must be friends online.

Build your authority
As a business owner, I’m sure you will not be able to over-invest in your LinkedIn presence in 2018. This also applies to anyone who wants to promote their career or success, especially in sales or marketing. Focus on growth in number Recipients and engaging with LinkedIn can increase sales and conversion rates, and this will also lead to extraordinary opportunities for cooperation.

Lead with the objective
Start with the three most important marketing goals and then see how social media can help you. Very often, entrepreneurs think of the idea: “I have to be there, I have to be in all these new places, or I’ll miss you. The social media should help you achieve your goals or it’s simply a waste of time.

Show gratitude
The most important thing about social media is that it's not just about you! Social networks are not a monologue in which you tell the world about the prizes won or special offers of products and services. It is an opportunity to connect significantly with people who have helped and supported your small business. When you think of 10 to 20 people in your company, social networks help you recognize and appreciate their help.

Start a conversation
The most important thing in Facebook is to remember that the algorithms used is to reward publications that are interacting. If a company publishes something, but nobody answers, Facebook will not show it to anyone. They try to ensure people stay on their website and can only do so by showing their contributions and stories.

Do not try doing it yourself
As a small business owner, your time is limited. Publish social networks to someone (or team) in your company or hire an external expert. Then, add the cost of your social media strategy to your budget.

Standing out
Social networks are personal, it’s your personal brand, and then your work or business, you have to convey your brand, go above the noise, other, you do not have to wear a superhero costume, but in the noisy world of social networks, you must stand out.

What social outlets are best for small businesses?
LinkedIn
Facebook.
Instagram
SlideShare.

However, you must ensure that you use the correct content type on the correct platform. You must adapt the social media strategy using the social platform you want to use or already using.

Here at Grand Mountain Bank, we understand small business owners wear more than one hat in the company. By breaking down your social media and focusing on one or two outlets you can be successful without spending a lot of time.

Interested in a small business loan to grow with a loan? Contact us today! 970.887.1221

Middle Park High School Baseball Radio Broadcast Schedule

Middle Park High School Baseball

Radio 930 AM or 101.9 FM

Thursday, 4/18 at 4 pm MPHS vs. Jefferson

Saturday, 4/20 at 11 am MPHS vs. KIPP

Tuesday, 4/23 at 4pm MPHS @ Riffle

Thursday, 4/25 at 5 pm MPHS @ Bennett

Saturday, 4/27 at 11 am MPHS vs. Platte Canyon

Saturday, 4/27 at 3 pm MPSH vs. Bruce Randolph (This game may be rescheduled)

Thursday, 5/2 at 3:30 pm MPHS vs. Clear Creek

Friday, 5/3 at 3:30 pm MPHS vs. Moffatt County

Wednesday, 5/8 at 11:00 am MPHS @ Moffatt County

Thursday, 5/9 at 4:30 pm MPHS vs. Aspen

Monday, 5/13 at 5:00 pm MPHS vs. DSST

All Playoff Games!

Listen to the live stream at www.alwaymountaintime.com/krky

All broadcasted games will be recorded and available for replay at:

www.coloradosportsnetwork.com/mphs

SCHEDULE IS SUBJECT TO CHANGE DUE TO WEATHER OR OTHER CIRCUMSTANCES

Meeting Kari Moe – Assistant Vice President – Loan Officer

Kari moved to the valley two weeks after graduating from the University of Wisconsin to work for the National Park Service. Kari enjoyed working at Rocky Mountain National Park and driving snow cat tours at Winter Park Resort for her first few years in Grand County. She planned on going back to school to earn her Master’s Degree in Conservation Biology, but fell in love with the valley and decided to stay. In 2004, Kari got her first banking job at Community First National Bank as a part-time teller. She has worked in banking ever since and is currently an Assistant Vice President and Loan Officer at Grand Mountain Bank. Kari came to Grand County with her college sweetheart. They got married and have two beautiful daughters. They enjoy raising their family in this great community and love all the opportunities there are for outdoor activities. They also like the proximity to Denver so they can experience city culture and entertainment. What does a Loan Officer do? As community bankers, we meet with individuals who have loan requests and help them with the application process. We underwrite and present our loans on a weekly basis for approval by our local loan committee. We work with our customers through the closing and continued servicing of the loan. We also provide credit counseling. Grand Mountain Bank offers conventional mortgage products as well as in-house or portfolio loans. We can finance land purchases, construction projects, purchases and refinances of primary, secondary and investment properties. We also offer commercial loans including business lines of credit, commercial real estate and equipment financing. There is not much that we can’t help a customer with! Sometimes I get referrals to meet with first time home buyers. I enjoy visiting with them and walking them through the process. It can be a little overwhelming for them at times, especially in Grand County, as there are so many unique properties and borrowers with seasonal employment. I’m here to guide them towards taking the best steps to qualify. We also work with a lot of second home owners, self-employed borrowers and customers with retirement or other income sources that are not as cut and dried as W2 wages. I’ve always enjoyed structuring loans to create options that will work for them. Sometimes, borrowers have an existing banking relationship in Denver or in another state, but they find that because their desired property offers time shares or has front desk services, their current lender cannot provide financing. We frequently receive last minute phone calls and are usually able to step in and lend on the collateral in-house. What is your favorite part of your job? I love meeting with people. I used to work in the tourism industry and enjoyed interacting with the public. A great perk about working here is that I get to work with locals, too. I can help them buy or build a home or grow their business, which in turn helps them establish roots in the community. What makes Grand Mountain Bank stand out? We are the only locally based and operated bank in Grand County. Our local decision making allows us the flexibility to offer loan products and services to meet the needs of our customers. We are also locally focused on our community from Kremmling to Winter Park. We live here and are familiar with the different types of properties and their locations. We offer the same variety of products and services as other banks but with personalized service. When you call the Bank, you will be greeted by an individual not an automated message. Though financing involves numbers and documentation, we pride ourselves in making excellent customer service our top priority. What are some things people don’t know about you? I used to be a Park Ranger and snow cat driver. In high school, I competed in show choir and pom poms/dance at a state and national level. I’ve bungee jumped off a gondola and have been paragliding in Switzerland. Find out what Kari or one of our other local lenders can do for you! Contact us today and let’s chat!

Kari moved to the valley two weeks after graduating from the University of Wisconsin to work for the National Park Service. Kari enjoyed working at Rocky Mountain National Park and driving snowcat tours at Winter Park Resort for her first few years in Grand County. She planned on going back to school to earn her Master’s Degree in Conservation Biology, but fell in love with the valley and decided to stay. In 2004, Kari got her first banking job at Community First National Bank as a part-time teller. She has worked in banking ever since and is currently an Assistant Vice President and Loan Officer at Grand Mountain Bank. 

Kari came to Grand County with her college sweetheart. They got married and have two beautiful daughters. They enjoy raising their family in this great community and love all the opportunities there are for outdoor activities. They also like the proximity to Denver so they can experience city culture and entertainment.

Kari Moe and Her Family

What does a Loan Officer do?

As community bankers, we meet with individuals who have loan requests and help them with the application process. We underwrite and present our loans on a weekly basis for approval by our local loan committee. We work with our customers through the closing and continued servicing of the loan. We also provide credit counseling.

Grand Mountain Bank offers conventional mortgage products as well as in-house or portfolio loans. We can finance land purchases, construction projects, purchases and refinances of primary, secondary and investment properties. We also offer commercial loans including business lines of credit, commercial real estate and equipment financing. There is not much that we can’t help a customer with!

Sometimes I get referrals to meet with first time home buyers. I enjoy visiting with them and walking them through the process. It can be a little overwhelming for them at times, especially in Grand County, as there are so many unique properties and borrowers with seasonal employment. I’m here to guide them towards taking the best steps to qualify.

We also work with a lot of second home owners, self-employed borrowers and customers with retirement or other income sources that are not as cut and dried as W2 wages. I’ve always enjoyed structuring loans to create options that will work for them.

Sometimes, borrowers have an existing banking relationship in Denver or in another state, but they find that because their desired property offers time shares or has front desk services, their current lender cannot provide financing. We frequently receive last minute phone calls and are usually able to step in and lend on the collateral in-house.

What is your favorite part of your job?

I love meeting with people. I used to work in the tourism industry and enjoyed interacting with the public. A great perk about working here is that I get to work with locals, too. I can help them buy or build a home or grow their business, which in turn helps them establish roots in the community.

What makes Grand Mountain Bank stand out?

We are the only locally based and operated bank in Grand County. Our local decision making allows us the flexibility to offer loan products and services to meet the needs of our customers. We are also locally focused on our community from Kremmling to Winter Park. We live here and are familiar with the different types of properties and their locations.  We offer the same variety of products and services as other banks but with personalized service. When you call the Bank, you will be greeted by an individual not an automated message.  Though financing involves numbers and documentation, we pride ourselves in making excellent customer service our top priority.

What are some things people don’t know about you?

I used to be a Park Ranger and snow cat driver. In high school, I competed in show choir and pom poms/dance at a state and national level. I’ve bungee jumped off a gondola and have been paragliding in Switzerland.

Find out what Kari or one of our other local lenders can do for you! Contact us today and let’s chat!

How to Spot and Avoid Common Scams

From the desk of Frank DeLay, President Grand Mountain Bank, FSB

Have you ever gotten an email from someone claiming to be royalty? In their email they tell you that they will inherit millions of dollars, but need your money and bank details to get access to that inheritance.

You know this email isn’t legitimate, so you delete it, yet there are many more scams being perpetrated by criminals that sound more believable and aren’t as easy to spot. Learning to identify and avoid these scams is the first step in protecting yourself from these schemes. Senior Citizens are often particularly vulnerable to some of these fraud campaigns. The world today is full of cybercriminals launching both phishing emails, and the tried and true phone scams that never fell out of fashion. Protecting not only your finances, but also your data from these scams is more important now than ever.

Phone Scams

Scammers who operate by phone can seem legitimate and are typically very persuasive! To draw you in to their scam, they might:

• Sound friendly, call you by your first name, and make small talk to get to know you

• Claim to work for a company or organization you trust such as: a bank, a software or other vendor you use, the police department, or a government agency

• Threaten you with fines or charges that must be paid immediately

• Mention exaggerated or fake prizes, products, or services such as credit and loans, extended car warranties, charitable causes, or computer support

• Ask for login credentials or personal sensitive information

• Request payments to be made using odd methods, like gift cards

• Use prerecorded messages, or robocalls

If you receive a suspicious phone call or robocall, the easiest solution is to hang up. You can then block the caller’s phone number and register your phone number on the National Do Not Call Registry (https://www.ftc.gov/donotcall).1

Email Scams

Phishing emails are convincing and trick many people into providing personal data. These emails tend to be written versions of the scam phone calls described above. Some signs of phishing emails are:

• Imploring you to act immediately, offering something that sounds too good to be true, or asking for personal or financial information2

• Emails appearing to be from executive leadership you work with requesting information about you or colleagues that they usually do not request (for example, W2s)

• Unexpected emails appearing to be from people, organizations, or companies you trust that will ask you to click on a link and then disclose personal information.3 Always hover your mouse over the link to see if it will direct you to a legitimate website

• Typos, vague and general wording, and nonspecific greetings like “Dear customer”3

• Beware that many scam and phishing emails look legitimate! An email pretending to be a company might contain pictures or text mimicking the company’s real emails. If you’re unsure about an email you received, there are some steps you can take to protect yourself:

• Do not click links or open attachments in emails you were not expecting3

• Do not enter any personal, login, or financial information when prompted by an unsolicited email 3

• Do not respond to or forward emails you suspect to be a scam3

• If in doubt, contact the person or organization the email claims to have been sent by using contact information you find for yourself on their official website3

If you get scam phone calls or phishing emails at home, hang up or delete the emails. If you get scam phone calls or phishing emails at work, let your organization’s security or Information Technology team know so they can help protect others from these scams! Additionally, please educate your parents and grandparents on these scams, as they are becoming only more and more common.

Resources:

https://www.consumer.ftc.gov/articles/0076-phone-scams

https://www.stopthinkconnect.org/tips-advice/general-tips-and-advice

https://staysafeonline.org/stay-safe-online/online-safety-basics/spam-and-phishing/

Safer Internet Day (SID)

Tuesday, February 5, 2019, was Safety Internet Day (SID), with the slogan, “Together for a better Internet”, which is a call to action for everyone to help create a better internet!

Here at Grand Mountain Bank, we care about your safety and making positive choices both online and with your banking. Promoting Safety Internet Day helps raise awareness both in our wonderful communities and on the vast internet.

Over the years (SID) has become well known around the world for raising awareness and educating users to ensure a safe and healthy approach to using the internet.

SID has created both a safer and a better internet, where everyone is encouraged to use technology in a way that is responsible, respectful, and educational and helps get the creative juices flowing.

Everyone plays an important role in accomplishing SID:

Children and Young People
When on the internet, children can be kind and respectful to others they interact with. Protect their online reputations and others by searching positive outlets to engage and share through their social media outlets.

Parents and Caregivers
Can play an important role in a safer internet by monitoring their kids’ online activities. Encouraging self-limits on the amount of time spent online, educating the use of technology safely & positively and simply being a positive role model with your own use.

Teachers, Educators, and Social Workers
Can create a better internet by teaching student’s digital literacy skills and critical thinking skills which will ultimately help make positive choices while online. Encourage creating their own content and credit content being used.

Industry
Can contribute by promoting positive content and making sure services being offered are secure and safe. Also, provide support if the user has trouble or if things go wrong.

Decision Makers and Politicians 
Making sure technology and education are provided to everyone. Online safety is included in each school’s curriculum and provides the technology needed. They must also take the lead in governance and legislation, and ultimately ensure the safety and wellbeing of children and young people through effective child protection strategies for the digital world.

All of us are responsible to make a positive difference online. Kindness and accountability go a long way online and in person. The way we connect with one other matter! Report any inappropriate or illegal content and behavior you find online.

Additional steps to protect personal identity and safety:

1) Limit personal information – Giving out your expertise and professional background and main contact info is okay. Don’t give out your relationship status, home address, etc.

2) Check-in with your privacy settings – It’s always a good idea to check your privacy settings on web browsers, mobile operating systems, and social media accounts.

3) Careful what you click on – Cybercriminals use lurid content so don’t be tempted to click on something that might expose personal data or download malware.

4) Double check your internet connection – It’s always best to connect to a secure Wi-Fi network. Public Wi-Fi connections don’t have direct control when it comes to security. If on a public Wi-Fi never expose any personal information while browsing.

5) Always check what you download – Downloading a zip file from someone you know or don’t know can get you a Malware virus. Always double check what is being sent to you. Apps can also contain Malware so always download from a reliable source – Apple or Android store.

6) Choose strong passwords – Using the same or easy password for all your online accounts is asking for trouble. Password manager software can help you manage and remember a unique password for each online account.

7) Make Online purchases only from secure sites – Always make sure the site you’re visiting has an SSL certificate. This keeps personal information protected on shopping pages. You’ll know a site has an SSL certificate if the url starts with https://.

8) Posting awareness – Social Media is a great way to share your life’s adventures with family and friends but always think twice before posting information that could be used against you in unexpected ways.

9) Watch out for “fake” friends – Friend requests are a great way to meet new people but before accepting that “friend” view their profile and make sure they have multiple friends, they actually post about stuff and people like their posts.

10) Monitoring software – Make sure your anti-virus software is always up-to-date, this will give your devices extra security and peace of mind.

Resources:
https://www.saferinternetday.org/
https://saferinternetday.us/

Ask a Banker – Why does it take so long to process a loan?

Oh boy. I knew that question was coming!

Well, I could give you a bankerly answer, about all of the complexities of processing and approving a loan, but let’s cut right to the chase:

One of the major impediments to getting to a quick closing is getting an appraisal done. This is because a function that is actually based pretty much on common sense, has become a rather complex process. An evaluation of an average single family residence or condo runs to several pages of analysis.

Residential appraisals are based on current market value. The property being appraised is compared to other recent sales of, ideally, similar homes. But no two properties are exactly alike, so the appraiser must adjust for the differences, superior or inferior, in the appraised property and the selected comparables.

If recent sales are significantly different from the subject, then those adjustments can represent some pretty big dollar amounts. If the percentage of those amounts are high enough then the entire appraisal document can be called into question by reviewers, including bank examiners.

Appraisers have a lot of liability, so, needless to say, they take time to make sure they’re as right as they can be.

The process is even more difficult in mountain resort markets, such as Grand County. Recent sales can be scarce, and properties vastly different.

Private mortgage lenders, as opposed to banks and mortgage companies, often don’t require appraisals, because they know the markets where they loan money, and they know property values.

So do small banks. Nobody knows it’s real estate market better than the home town bank, and Grand Mountain Bank is no exception. That’s why we at GMB have created our Mountain Mortgage Express residential mortgage program. Re-enter common sense: for loans that qualify for this program, we dispense with third-party appraisals, and do our own internal valuation, based on what we know about Grand County real estate.

There is a variety of moving parts in creating a real estate loan. At Grand Mountain, we’re doing our best to delete the details.