Starting this summer, Arvest Associates will build four complete Habitat for Humanity homes and construct rooms in nine other houses.  As a part of the new partnership with Habitat for Humanity, Arvest will contribute more than $250,000 and Arvest associates will serve as construction crews in Oklahoma, Missouri and Arkansas to help build new homes for those in need.

Arvest’s mission statement is “people helping people find financial solutions for life.”  And, really, there is no greater financial solution for a family than home ownership.  Buying a home is a good, long-term investment that provides equity accumulation.  In fact, a homeowner’s net worth is 46 times that of a renter’s, according to the Federal Reserve Board.

Habitat for Humanity says the benefits of owning a home are more than financial.

With a home:

 -  Families can provide stability for their children

 -  A family’s sense of dignity and pride grows

 -  Health, physical safety and security improves

 -  Educational and job prospects increase

On behalf of Arvest’s 5,000 Associates, let me say we’re both excited and humbled to partner with Habitat for Humanity and build homes for local families in need.  For more information about Habitat for Humanity, check out their website.
 

This is a common question and unfortunately many car owners only about the "gap" after their car is stolen or declared totaled from an accident - and then finding out they are left with debt not covered by their auto insurance.

The Gap is the difference between the actual cash value of your car and what you still owe on your loan. If your car is stolen or declared totaled, your auto insurance company will pay you the actual cash value of the car. Without Gap Insurance it is possible that this amount will fall short of covering what you owe on your vehicle. As if losing your vehicle in an accident isn't bad enough, it can get much worse if you still have to pay hundreds or thousands of dollars on a car you can no longer use!

If you have further questions or want to avoid getting caught in the "Gap", contact a nearby Arvest location and ask for a consumer loan officer about your particular situation.