Community Guarantee Savings Bank

We found the bank we would like to work with.  A recommendation from my father.  Community Guarantee Savings Bank out of Plymouth, NH.

The first time I called, I got to speak with someone immediately, his name is Rick Burgess.  He answered all of my questions in a way I could fully understand and after I hung up I knew this was the bank we would be doing business with.

We are asking for $****** dollars to strip our house down to the original post and beam and built it back up along with an addition off the back.

I filled out the online application about two weeks ago and Mr. Burgess called me the same day to let me know what I needed to get to him in order to get a preapproval.  He was able to meet with me the next day so I could hand deliver the paperwork he needed, meet him in person and ask some more of my many questions.  I walked out of there that day very happy and informed on what it is going to take for this to happen.  

On Thursday March 14, 2013 Rick Burgess sent us this email.....

"Hi  Audra and Courtney,

The loan committee approved your request today contingent upon receipt and review of your cost estimates and of course a satisfactory appraisal.  They did drive out to the house, and other than having fun in the mud found it with no problem.  However, as I think I mentioned, while we don’t necessarily have a good handle on property values in Gilmanton, if your property was up here they had serious doubts that it will appraise out.  But I guess we’ll see.  Hopefully I will get a commitment letter out to you guys by tomorrow and once you return it to me with the cost estimates and a check for $400 for the appraisal we can move forward on discussing ordering the appraisal."

Rick

My reply...

Hi Rick, 

Hooray!!!! First hurdle jumped!!! I will get the cost estimate and layout to you ASAP.  Just tweaking something's on the layout, dimensions etc. and trying to get some real solid numbers for the cost estimate. So it's taking a little bit longer, but it will be right on when we're done.  

I will mail the commitment letter out to you as soon as we get it along with a check.

I'm nervous about the appraisal too, but property value in Gilmanton is considerably higher than Plymouth. I've done some comparison shopping on nneren and you can get a much better deal on a similar home up there than you would here. In my search for houses sold around here that are similar to what our property will be like, we are right there where need to be, but its a fine line. I will be doing some serious praying during this time!

Thanks for the email, have a great weekend!

Audra

Craig & Ann Marie Keeney
Keeney Welding - Campton, NH
THIS IS MY BANK

"We switched to CGSB a few years ago, when others wouldn't respond to our business needs.  CGSB was a totally different experience.  They wanted to work with us.  Now our personal, business and online banking accounts are there.  In business you have to move quickly.  We've got a bank that moves just as fast."

Robert Oaks
Robert Oaks Horsehoeing, LLC- Campton, NH
THIS IS MY BANK 

"I went through two years of hell with a lot of banks who took me at face value - just a self-employed 28-year old kid.  CGSB was a total departure from the other banks. Richard Manzi, a CGSB loan officer listened. I wasn't a number here, but a real person, a valued customer.  He facilitated my construction mortgage and my business checking account."