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Gifting a new set of wheels this holiday season

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Every holiday season people plan celebrations and select presents to give their loved ones. For the most special people in your life, you may be inclined to spend a little more money.

A new car with a large bow strapped to the top is a familiar image many commercials have incorporated into holiday campaigns. However, if you are thinking about gifting a new vehicle, you should consider a few factors.

Car Gift New Christmas Key Bow Car Key

Know the deals
Fortunately, December is an especially good month for individuals to invest in a new set of wheels, according to Consumer Reports. Consumers will typically see the best prices during the holiday season.

“Last December was absolutely the best month of the year for deals,” said TrueCar spokesman Alan Ohnsman, according to Consumer Reports. “Black Friday has become a major opportunity for dealers to promote year-end deals.”

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Kiplinger echoed this sentiment noting that prices usually fall because dealers are looking to make room for the new models coming in. Consumers purchasing a vehicle at the end of the year can save as much as 10 percent of the manufacturer’s suggested retail price.

Research deals on various makes and models before heading to the showroom, and ensure you know what you are looking for and how you plan to finance the vehicle.

Pick a car that fits
If you decide to give a vehicle as a gift, Auto Trader noted you will need to make sure you select a car that’s appropriate. Consider their unique needs and how a set of wheels should accommodate them. Size, horsepower and fuel efficiency should all be considered. Remember, you are not purchasing a car for yourself, but for another person.

You also want to ensure that a car is the right gift for the person you are giving it to.

“A woman told me her husband gave her a car with a big bow on top for Christmas, just like the ads you see on TV,” said Kit Yarrow, a consumer psychologist who teaches at Golden Gate University in San Francisco, according to Consumer Reports. “But unlike the scenes in the ads, she wasn’t delighted by it. She felt cheated because she’d had no say in picking out the car, and it was really a family purchase, rather than a gift specifically for her.”

Before picking out a car for your spouse or family member, reflect on the decision and ensure it is appropriate. If it is, find out their car preferences and match them as much as possible. Have other people ask about dream cars, colors or other preferences and report back to you.

Let the dealer in on the surprise
When working with a professional, you will probably want to let him or her know that you are planning to surprise someone special with the vehicle. If you are gifting it to your spouse, he or she will also need to sign the paperwork. However, by notifying your dealer that you plan to give the car as a holiday present, you may be able to put off finalizing the purchase until after you have surprised your husband or wife.

In addition, by letting the dealer know it is a surprise, it can prevent them from calling and unintentionally letting the cat out of the bag.

Understand registration and taxes
There are a few other considerations regarding the purchase of a vehicle that are different when you are giving it as a gift. According to The Nest, you can give an individual up to $13,000 annually to a person. If the car you purchase is more expensive than that, you will need to file a gift tax return. However, this does not always mean you will owe any gift tax.

You will also need to think about registration. Register the car to the individual who will be driving it. The sooner this can be done, the better it will be for the person receiving the gift.

Wrap it creatively
If you have gotten the car and plan to surprise the recipient, have some fun with the presentation. This is an opportunity to be creative and make the individual feel celebrated. Consider wrapping the keys or a framed photograph of the new vehicle. For a little extra fun, wrap one of these items in a small box, then wrap that box in a larger box, and so on. It’s a fun way to throw the recipient off when giving them the gift.

 

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Mr. John Peine is an Assistant Vice President Financial Center Manager at UMB . He is responsible for leading banking centers in Olathe, Kansas. In his time at UMB, John has built his career from teller to personal banker, and he is now manager of two branch locations.



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9 Tips: Teaching children to save: easy as 1,2,3

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Learning good money habits like saving at a young age will help ensure responsible financial decisions in the future. If you have children, consider these tips to help teach your young ones the importance of saving money.

Provide an allowance
One of the best ways to teach proper money management is by giving your child an allowance. According to Bankrate, working for money and enforcing good budgeting habits are two benefits to offering an allowance to your children. “When your child gets their first dollar, we suggest that you teach them to save 10 percent, invest 10 percent, give 10 percent and live from 70 percent,” said Lori Mackey, author of Money Mama and the Three Little Pigs. “When you give them a dollar, you give them two quarters and five dimes and then you sit with them and say this dime is for something that is important to you or that you want to help.”

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Teach the power of patience
Sometimes even adults need to be reminded they may have to wait to buy the things they want. According to Forbes, teaching kids delayed gratification early on is beneficial in the long-term. Set an example and practice holding off on buying certain items. Explain to your children why waiting a little longer to get the things you want may help you save and stay within your financial means.

Encourage children to make goals
One way to teach young ones financial responsibility and how to save money is by making a savings goal chart, noted Money Crashers. Use stickers or drawings to visually demonstrate the amount of money saved each week to show progress. If your child wants to save up for a specific item, consider adding a picture representing what he or she wants to purchase with the saved funds as a motivation.

Consider matching contributions

A 401(k) retirement plan that matches what you put into retirement is a great way to encourage more regular saving habits. Consider implementing the same type of reward system for your child, but make sure you establish specific rules or guidelines ahead of time. For example, have a required amount your child must save each week, but anything above that can be matched by his or her parent and added to the fund.

Focus on long-term saving
When kids are between 11 and 13 years old you can begin discussing long-term goals for saving. For example, discuss a car-buying goal with your child when he or she reaches pre- or early-teens. Look at prices of current cars and discuss budget and long-term financial goals.

Work together to create a plan to save a certain amount of money, whether it’s the child saving alone, or with the parents matching the savings contributions. Understanding the importance of long-term saving goals early on will make saving for large purchases easier in the future.

Deal with spending decisions
While encouraging saving money is a good way to instill valuable skills, sometimes it’s OK to let your children learn from mistakes, noted Bankrate. “Let them make impulse buys, that kind of thing,” said Greg Karp, author of The 1-2-3 Money Plan: The Three Most Important Steps to Saving and Spending Smart. “There is an opportunity cost and it teaches that money is finite. You really want them to regret some decisions because they won’t forget them.”

Create a list of priorities
Before your child spends his or her money, write down what he or she wants and rank how essential each item is. Don’t settle on just toys or books, ask your child to think long term. Ask if he or she wants to save for college, a trip in the future or other investments he or she wants to make. Prioritizing these wants can help young ones commit to saving early.

Open a savings account
Having their own independent account may encourage older kids to save more money, and it will make them feel more responsible. Head to a local bank with your kid and open an account with him or her. Consider asking the banker to discuss why saving is important so your child hears it from someone other than you. Repetition will help solidify the importance of stashing away money.

Encourage giving
Bankrate indicated in addition to saving, you may want to teach your children the importance of giving to others. Suggest giving a certain amount of their allowance to a charity of their choice or to use for gifts for friends or family members. Saving money is an important step to becoming a financially-responsible individual. By instilling this skill in your children early on, you can rest assured they are better prepared for their futures.

 

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Mrs. Adriean Castro is an Assistant Vice President Financial Center Manager for UMB at the Shawnee, Kansas banking center. She joined UMB in 2003 and has 12 years of experience in the financial services industry. Adriean has a passion for philanthropy and coordinates volunteer opportunities throughout the year for UMB consumer associates. She is also an ambassador for the Shawnee Chamber of Commerce.



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Rising rental rates encourage homeownership

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The 2015 Rental Market Report conducted by Rent.com showed that rates for apartment units are likely going to continue to increase.

The 2015 Rental Market Report conducted by Rent.com showed that rates for apartment units are likely going to continue to increase. The survey gathered responses from more than 500 property managers in the U.S. to determine the current and forecast state of the rental market.

Rising rent encourages home buying

Rent will rise
According to the survey, 53 percent of property managers indicated they would prefer bringing in a new tenant and charging a higher rate over negotiating a lease renewal with a current tenant.

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In addition, the survey showed 88 percent of managers raised rent in the last year, and 68 percent of participants believe rates will continue to rise into the next year. Many expect rent to rise by an average of 8 percent, which is a 2 percent increase from the expected rent rise predicted in 2014.

The increasing cost of renting an apartment is turning many renters into interested homeowners, according to a recent survey done by TD Bank.

“Rising rents are motivating Americans to purchase a home,” said Scott Haymore, Head of Pricing and Secondary Markets. “With an improving job market and economy, renters are gaining more confidence in the housing market and starting to explore homeownership as a feasible option.”

Mortgages may be more appealing
Many current renters are seeing substantial increases in the rent they regularly pay, which is making them more interested in becoming a homeowner. The survey indicated the breaking point for many consumers deciding to transition from renting to buying is when their rent reaches $1,100 per month. The average monthly rent currently sits at $1,000 making the breaking point for many individuals very close.

Many renters have already experienced substantial increases in the rent they pay each month. More than 50 percent of respondents indicated their rents increased by nearly $300 in the past two years.

Rising rent was 47 percent of survey participants’ biggest motivators for purchasing new homes.

The American Dream
Owning a home is still a critical component to the American Dream. Almost 60 percent of consumers and 76 percent of millennials indicated it was “extremely” or “very important” to own a home in the TD Bank survey.

While 51 percent of respondents indicated money is the primary concern when it comes to purchasing a new home, the average surveyed renter was able to save more than $50,000 for a down payment, and 24 percent of millennials have saved $100,000. The ability to save is the true key to homeownership.

“We can see from our data that rents are rising, and while many renters feel that saving for a home is out of reach, there are other options they should consider,” said Haymore. “Today, potential buyers can take advantage of state and government affordability programs, which offer options outside the traditional 20 percent down payment. This enables them to pursue homeownership, build equity and still feel comfortable with their monthly payments.”

Saving for a down payment
Gathering the funds to save for a down payment on a new home requires dedication. According to Zillow, hopeful homeowners will want to first establish exactly how much money is needed to pay for the perfect house. Reaching out to a real estate professional will help to get a better idea of what the current local market looks like and whether buyers or sellers have the advantage.

In addition, contacting a mortgage lender can help an interested buyer figure out what can be expected from the entire lending process. If a consumer wants to secure a lower interest rate, he or she may want to provide a larger down payment.

Once it’s been decided how much is needed to invest in a new home, interested borrowers should examine their current spending habits. Budgeting downfalls can lead to issues when saving for a down payment, but fixing these issues will help hopeful homeowners reach their financial goals even faster.

Another way for interested buyers to build their savings for a new home quickly is by earning more cash to contribute to funds. Individuals can get a second job for a certain amount of time, or they can figure out a way to turn a favorite hobby into a profitable one using websites like Etsy or Facebook as a marketing platform.

Holding a garage sale is another way to increase savings and build a down payment fund. Decreasing the number of items that must be moved will also be beneficial when it’s time to pack everything up and relocate.

 

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Planning last minute holiday travel

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Temperatures across the country continue to drop as the holiday season approaches. While the change in weather means seasonal cheer is on its way, it also means winter is coming.

Temperatures across the country continue to drop as the holiday season approaches. While the change in weather means seasonal cheer is on its way, it also means winter is coming. Sometimes a vacation to help forget the ice, snow and wind is the most welcome gift anyone can receive.

If you are considering booking last minute holiday travel, prices will likely be very high due to demand. However, there are ways to reduce costs and book a budget-friendly vacation.

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Plan a holiday vacation


Find the best deals
According to The New York Times, one of the best times of the year to travel to Europe is during the holidays. While airfare might be pricier than other seasons, hotels tend to be far more affordable, making a holiday trip to Europe more plausible.” Europeans tend to stay at home for the Christmas holiday,” said Gabe Saglie, a senior editor at Travelzoo. “That means there are hotel deals to be had in popular destinations.” Traveling parties can enjoy upgrades and discounts during the slower season, which provides a little more wiggle room when working with a fixed budget.

Even domestic hotels are more affordable during the holiday season. “Thanksgiving to Christmas can be a bargain proposition because the business traveler is not booking those hotels,” said Saglie.

Consider booking a cruise
When it comes to kicking back and relaxing during the holiday season, there is no better way than on a cruise. These trips are especially beneficial because they often include the price of everything from food to entertainment. This package deal eliminates some of the pressure accompanying planning a trip and saves you money. U.S. News & World Report suggested using the help of a travel agent. These professionals can help you find deals that aren’t available to the general public – ultimately saving you money. Last minute booking can also save you a bit of money when paying for a cruise, noted U.S. News & World Report. However, you’ll need to be flexible with dates to get better deals.

Determine a plan for saving
When planning last minute holiday travel, gather as much money as possible to use toward the trip. Independent Traveler suggested opening a savings account designated specifically for travel expenses. Contribute to the fund regularly to build a nice stash of spending money you can use while on your vacation.

Since the holidays are approaching so quickly, consider setting up automatic deposits to ensure you regularly contribute a certain amount of each pay check to your savings account.

In addition to having a savings account, a change jar is another easy way to build additional funds for the trip. While it may not initially seem like very much, change can add up quickly and really bolster the growth of vacation savings.

Enlist the help of others
When you are bringing the whole family on a vacation, it provides a unique opportunity to teach your children a little bit about saving money for something special. Ask your young ones to help make their very own contributions to the family vacation savings account. Whether they have an allowance they want to deposit into the fund, or if they decide to give up weekend outings to cut costs, kids can help make a substantial impact on your savings for a holiday getaway.

Even though flight prices can be higher in the holiday season, a vacation shouldn’t be written off as out of the budget just yet. With a little planning and dedication, you and your family can enjoy some time away.

 

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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Meet the Leadership Series: Phil Klevorn (Private Wealth Management)

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Q&A with Phil Klevorn, Senior Vice President, Private Wealth Regional Manager

Get to know UMB’s leadership a little better.
Phil Klevorn marathon

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Tell us about yourself.
I am from St. Louis and feel rooted in this community. I am very much involved in the rebirth and rebuilding of the urban landscape of St. Louis. I went away for school to Benedictine College in Atchison, Kan. Few people know that in a previous life I was a Minor League Baseball umpire in the Appalachian League and the Florida State League. I even had spring training with the New York Mets and the Philadelphia Phillies. When it became apparent I was not Major League material, I had to move on.

I am the youngest of six boys (no girls) and so my growing up was a unique experience to who I am. Currently I have three kids ranging in age from 11 to 16-years-old and all are progressing in a manner that I expect will lead to mature and productive adults. My wife is a godsend who keeps me grounded and is the best partnership I could ever be part of. 

What about your past shaped who you are today?
I would like to think that the times I have failed to achieve a goal or been unsuccessful in a pursuit has shaped me today. I am a firm believer that we learn from our failures and mistakes and those difficult times make us stronger.

Why did you choose UMB?
From day one I was impressed with UMB as I saw early on the value system here matches up with mine. Essentially, I am attracted to the way we value clients and treat them in a manner that focuses on their success and them as the core of what we do each day. 

What have you found successful in your role within UMB Private Wealth Management?
I think a great Private Wealth manager recognizes the strength of the team around them and works to that strength. The success we have had here in St. Louis is because we have come together as a team and have employed a disciplined strategy that challenges our clients and enters into a process that is focused on our clients rather than on us.

What are your favorite ways spend your free time?
I serve on the board of the International Institute which is an organization that deals with refugee resettlement and immigrant assimilation. Seeing individuals come into our country with nothing but the clothes they are wearing and in a matter of time sharing in the American dream is something to behold.

I run marathons (I’m not very fast) and enjoy the intensity and push to go beyond what I am capable of. And, I serve on the City of St. Louis Tax Increment Finance Commission as a way to promote the growth of our urban core.

On the weekends, I like to go on a long run in training for a marathon and then spend time with my wife and kids. Good food and good drink can make a special weekend very special.

Where is your favorite place to travel?
Phil Klevorn family at Liberty Bell
I really like historical places of interest. This past summer, my family and I went to Pennsylvania. To stand in the spot where the Declaration of Independence was debated and signed is a moving experience. Likewise, standing on the Battlefield of Gettysburg and reliving that watershed moment in U.S. history helps put my life in 2015 in perspective.

Tell us about your team.
The St. Louis Private Wealth team is really a great group who has diverse backgrounds and levels of experience. This team does not need to be told what to do. I fill out the lineup card, and they do the hitting.

I am happy to report that we have brought in as much in assets under management for the first 6 months of 2015 as we did in all of 2014. This is a testament to the focus we have applied around our process. The talent and abilities are there, we are just doing a better job of bringing it together.

What is the greatest challenge facing the industry right now?
How we engage clients going forward will be the key to our success. For our industry, if we focus on clients goals and objectives and understand their priorities, we will be successful—and I think we are ahead of the curve on this. I am not sure the industry understands this, but it is repeatedly what our clients tell us. Our clients are not interested in how great at wealth management a firm is. They want to know we are listening and providing solutions that meet the client’s needs and not what is in our own self interest. To me, this is the defining issue of the day and that separates the good firms from the not so good firms. I am happy that we are going down the path of being a good firm.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Mr. Phillip Klevorn is a Regional Manager for UMB Private Wealth Management. He is responsible for Private Wealth Management in the St. Louis Region. He joined UMB in 2015 and has 22 years of experience in the financial services industry.



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The Overlooked Cleaner Energy Source for Home and Office: Ground Source Heat Pumps

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Everyone has heard the energy saving benefits of solar and wind power but did you know ground source heat pumps (GSHPs) can save you up to 45 percent on your energy consumption compared to conventional HVAC systems. How do we know this? Experience.  In 2004, UMB installed a vertical ground source heat pump system consisting of 12 wells at our branch location in Grandview, Mo. According to Roy Allen, who is part of the UMB maintenance team, the Grandview location saves approximately 21,000 kWh per month over similar sized banking center locations. With such great savings on energy UMB has decided to install a second system at another banking center as well. Construction for this new center should begin in February 2016.

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In addition to saving energy and money GSHPs are good for the environment since they are a cleaner source of energy using mostly ambient heat from the ground while using very little electricity.

How Ground Source Heat Pumps Work
So how do these systems provide cleaner energy and help you save on your utility bills? Air temperature can fluctuate greatly with the seasons and even daily, with daytime highs and night time lows, but surprisingly ground temperature remains relatively constant. Conventional air-source HVAC systems attempt to capture heat from frigid winter air as well as disburse heat into the baking hot summer air – which is no easy task.  However ground source heat pumps work by capturing the neutral heat absorbed at the surface of the Earth, it then heats the air in the winter and then extracts the heat from inside air in the summer. This is done through a water solution that flows through pipes (wells) buried in the ground that circulates the heated water to the home/office in the winter and then it is reversed in the summer whereby the heat is extracted from the air and transfers it via water through the pipes removing the heat from the building and transferring it to the ground.

Types of Systems
There are four basic types of GSHPs including horizontal, vertical, pond/lake which are all closed loop systems. The fourth type is the open loop system. The option you choose is dependent on the climate, soil conditions and the available land. UMB banking centers utilize the vertical option. This option is used when soil is too shallow for trenching, it also does not require a lot of space. Roy explained the system only takes up a 70 ft. x 100 ft. space and contains 12 wells at a depth 500 ft. It is located under the drive through teller lanes. He said both the current and new systems, designed by Lankford Fendler and Associates, have life time warranties on the wells. Another benefit of the system is that it is very low maintenance.

So the next time you are looking for a cleaner energy source for your new home or office you may want to consider ground source heat pumps.

Sources:
http://energy.gov/energysaver/geothermal-heat-pumps
http://energyblog.nationalgeographic.com/2013/09/17/10-myths-about-geothermal-heating-and-cooling/

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Ms. Shahane is a Vice President Healthcare Marketing/Sustainability Manager for UMB. She is responsible for managing marketing initiatives for UMB’s healthcare payments, HSAs, and benefit card products. In addition, she leads the UMB Green Team and promotes UMB’s internal sustainability initiatives. She joined UMB in 2001 and has 13 years of experience in the financial services industry. She earned a MA in Marketing from Webster University. She is a volunteer for Bridging the Gap and serves on the board for Northeast Neighbor to Neighbor.



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How to save for a down payment on a home: part I

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Purchasing a home marks a significant milestone in your life. We’ve already shared with you the 5 steps to buying a home, but what about before you even begin that process? While searching for the perfect property and finally finding the dream home you’ve been looking for is exciting, saving up the money for a down payment can be a bit daunting.

If you’re interested in purchasing a home, there are a few details to consider. Understanding the process can help immensely when deciding to purchase a home and set aside money for this substantial investment. As an interested buyer, you can become more focused when you know what to expect and how much money to contribute toward ownership of a home. Consider speaking to your trusted mortgage consultant to provide guidance early to help determine what kind of down payment you will need to provide.
saving for a down payment on a home

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The purpose of providing a down payment 
Buying a home often involves acquiring a home loan to afford the purchase. This translates into monthly mortgage payments over the course of a set amount of time, during which you pay and become a full owner of your property. Because it is a loan from a mortgage broker, bank or lender, interest is also applied to the amount of money borrowed. So if you purchased a $100,000 home, you would actually pay more because of the interest rate affixed to the mortgage.

A loan serves a fantastic purpose in allowing homeownership to be more attainable for everyone, but fluctuating interest rates may drive individuals to refinance or put off purchasing a home to save more money.

This is the primary purpose of giving the seller a larger down payment when buying a house. If you can supply a larger down payment, you are more likely to be approved for a home loan. You will not have as much to pay off and may even increase chances of obtaining a lower interest rate.

Low down payment options 
There are programs available that allow individuals to qualify for a home loan despite only being able to provide a small down payment. Government-sponsored enterprises, such as Fannie Maeand Freddie Mac, can provide an interested homebuyer with a 3 percent down payment option. However, higher interest rates and other requirements are put in place to help protect the lender. Gifts from family members are also allowed, but check with your loan officer to see what guidelines may apply.

Another agency that makes homeownership more attainable is the Federal Housing Administration. An FHA loan can help offer financial assistance when purchasing a home through a variety of programs such as fixed-rate FHA loans for people purchasing their first home. There is an option for everyone that will make navigating through the real estate industry easier.

An FHA-backed loan protects a lender in case a borrower is unable to continue with his or her mortgage payments. By providing this insurance, qualified buyers who have a difficult time providing a larger down payment or have a lower credit score due to debt accumulated during his or her education can still become homeowners.

Another way the amount of your down payment can affect your total monthly payment is when mortgage insurance is added, often referred to as PMI (private mortgage insurance). For example with conventional loans, PMI may be required if you don’t put down at least 20 percent. This protects the lender if the borrower should default on the loan. Even if you put less than 20 percent down, the mortgage insurance cost is lower if you put down 5 percent rather than 3 percent or even lower with a 10 percent down payment rather than just 5 percent.

Additional costs to consider 
Before someone decides to start saving up money, knowing how much to save is a crucial factor one must contemplate. Working with a trusted lender can help guide you and provide information to help determine what loan will be best for you and how much of a down payment will be required.  According to U.S. News & World Report, a buyer will not pay merely the agreed selling price, but also will need to designate funds for additional expenses such as:

  • Closing costs
  • A home inspection
  • Taxes
  • Appraisal fee
  • Credit report fee

In addition, some purchases may require a homeowner’s association fee to be paid as well as private mortgage insurance. Buyers should account for these expenses when creating a budget and starting a basic savings account for this exciting purchase.

 

When you click links marked with the “‡” symbol, you will leave UMB’s website and go to websites that are not controlled by or affiliated with UMB. We have provided these links for your convenience. However, we do not endorse or guarantee any products or services you may view on other sites. Other websites may not follow the same privacy policies and security procedures that UMB does, so please review their policies and procedures carefully.


Jackie Ahumada is a mortgage loan officer with UMB Bank. She has more than 10 years experience in the mortgage industry and more than 18 years in management of customer service delivery and operations.



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Choosing the Right Mortgage Partner

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The housing market continues to show signs of improvement. If you’re looking to buy or move to your next house in life, it’s important to choose the right mortgage partner. Here are some tips to help you as you navigate this long-term financial plan.

 

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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World Kindness Day

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Pack a lunch this week and use your savings to help a neighbor in need. Here are some of our favorite ways to celebrate World Kindness Day.ideas for giving back

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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reStart, Inc. supports veterans

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Veterans Day – Only in America

We live in the greatest country on the planet. Why? Because we were founded by strong-willed dreamers who were tired of persecution and being told by decree that they had to stay in the class they were born into for the rest of their days.

The U.S. was founded on the principals of freedom, opportunity and the rights of individuals. And over the years, these values and principals have been hard fought, more so than most of us can truly understand or comprehend. Many of us don’t know or don’t reflect enough on just how lucky we are and how sacred these values are to our core. Over the years, much blood, sweat and tears have been shed to protect this great land of ours.

And for those reasons and so many more, we salute the very people — our veterans — who risk the most and understand at the deepest level just how great the country really is and what it takes to keep it this way for the rest of us dreamers.

So tomorrow, Veterans Day 2015, is for you — our veterans and military families — dream keepers and flag bearers of this great nation.

We salute you.

Mariner Kemper

 

reStart Kansas City

UMB strives to honor veterans every day, but November 11 is the day that our country sets aside to recognize the men and women who have sacrificed for our freedom. We’re particularly excited about the work that an organization in Kansas City is doing right now. reStart was one of the 2015 UMB Big Bash beneficiaries, using the funds for the Supportive Services for Veteran Families (SSVF) program. UMB’s Veterans Engagement Taskforce (VET) is also involved with reStart’s veteran mentorship program.

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“One of the biggest helps they were able to give me has been a mentor, and it’s been through their help that I’ve been able to have a better life today and a brighter future for tomorrow.”

Below, read more from one of the mentors, James Carlile, who is a financial analyst at UMB and also a veteran. He shares what compelled him to become a mentor and the results he’s seen from the program.

At one of our VET meetings, Robin Johnson, head of reStart’s SSVF, mentioned that she had several veteran clients in her program that were really wanting to turn the corner and make a sustainable transition away from the homelessness cycle and into self stability. What they needed, and what reStart’s limited staffing and resources could not always provide, was personal encouragement. Our VET group jumped all over this and began to work on a plan in which our additional contribution would be the love, guidance and support of UMB veteran associates.

Robert Durham - veteran and reStart clientI really had little idea what to expect when I initially met with Robert Durham. All I knew was that he wanted and needed someone who would take the time to listen, help him think through his issues and concerns, and offer encouragement and motivation in the face of very real and very persistent adversity. I could tell he genuinely wanted to improve himself, and he didn’t have anyone else to help him with a strategy on doing so. I was fortunate in my transition from the military to have a loving and supportive family that was there for me unconditionally through some very choppy times. Robert did not have that family support, and although I knew I could not solve his issues for him, I could provide him a level of consistency, positivity and encouragement.

Robert and I meet every six weeks at his subsidized one room efficiency apartment. We eat sandwiches, and talk intensely about how he is feeling, what he is working on, the status of his distant relationships with his family, and keeping him focused on his goals. I’ve learned just how difficult it is for those caught in the crisis cycle to make that change, even when the will is present and pure. Even though we do spend ample time discussing basic professional and life skills, our primary goal together is deliberate emotional support. Robert is currently working on his insurance licensing through the financial support of reStart. His ultimate goal through the vehicle of self sustainability is to mend his fractured relationship with his children and to be the father and example he knows he should be. My role in this is nothing compared to what Robert will have to overcome to get there, but whatever bit of guidance or encouragement I can impart on him I consider a humbling privilege when it impacts the outcome of his quality of life.

 

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UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.



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