Coastway Wins PBN Business Excellence Award

November 15, 2017

Photo of William White accepting award

Coastway was proud to accept a 2017 Providence Business News Business Excellence Award for Overall Excellence of a Mid-Size Company.

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How Much Mortgage Can You Afford?

August 3, 2017

A young couple sitting together and thinking

Picture it: You’ve been approved for a mortgage and you receive a letter from your lender, featuring the dollar amount you’re approved for. You’re excited, you’re ready to shop, you approach your Realtor with your approval letter in hand and tell her to show you the goods! But put the brakes on for a second. There might be a difference between what you’re approved for and what you can comfortably afford. No one wants to be in a situation where they can pay their mortgage but can’t afford to treat themselves to a large iced latte every now and then!

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How Long is the Home Buying Process?

August 3, 2017

A person handing over keys to a couple buying the house

Buyers ask me this question all the time. But because no two home buying experiences are alike, there isn’t a definitive length of time the process will actually take. There are many factors that go into the purchasing process that will determine whether a specific experience will be longer or shorter. For some buyers, things can come together quite quickly and for others it may take months to settle into a new home. Let’s take a look into the stages of home buying and some different things that could affect the length of the entire process.

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What should I know before I apply for a small business loan?

August 3, 2017

Workers discussing about project on the construction site

As a bank, we are just like other businesses. Our product just happens to be money. Other businesses sell widgets or services; we sell money — in the form of loans, certificates of deposit (CDs) and other financial products. We make money on the interest we charge on loans.

Although it seems detached and impersonal, it’s actually just the opposite. As a bank, we’re essentially the head cheer-leader for “team you”. When you succeed, we succeed. When you win, we win.

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What are the benefits of online and mobile banking?

August 3, 2017

A person browsing a mobile phone

Coastway gets a lot of feedback from our customers about the service they receive when they come in to one of our nine conveniently located branches. But when you can’t come see us, did you know you can complete many transactions from your phone? I can think of so many reasons to use online banking, but I wanted to share my 5 favorites today! In no particular order:

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What are my options for a home equity loan?

August 3, 2017

Wooden block house on money with piggy bank

Although a lot has been made of the most recent housing crisis, the fact is that all things indicate it is behind us. In fact, in 2016, the median home sale price rose 5.6%. Most people will be surprised to find out that since 2011, median home prices have risen 40%. Of course, just as many people will likely point out that they have merely re-gained value lost. I guess it’s a glass half-empty, glass half-full sort of thing.

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Welcome to the New Coastway Blog Series!

August 3, 2017

Coastway Community Bank branch office

For over 90 years through our many iterations at Coastway Community Bank, we have prided ourselves on providing our customers with outstanding service and thoughtful advice specific to our customers individual financial situations. In this spirit, we are proud to announce a new blog series here on coastway.com that will answer a lot of commonly asked questions we often receive regarding our retail, mortgage and business banking services.

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How Can I Save When I'm Already on a Budget??

May 17, 2017

Father and daughter posing

There’s no denying how important it is to budget wisely so we can save money – no matter what tax bracket you fall into. But it doesn’t come naturally to everyone. As a branch manager, I try to work with my customers to help them make the most of their savings. Here are some tips

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