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For the first time in over a decade more people are choosing to buy a home rather than rent. An improving economy, low interest rates and rising costs of rent have all factored into this change; however, it can be argued that the real driver behind making home ownership the more attractive option is simply the fact that building home equity is a sound financial decision.
Ephrata National Bank is pleased to announce the addition of Joselyn Strohm as Senior Executive Vice President, Chief Operating Officer. In this role, Strohm will oversee all of ENB’s operational teams including Retail Operations, Customer Service, Facilities, Information and Technology, and Credit. She will also be responsible for improving ENB’s internal efficiency through a variety of projects and system upgrades. Strohm has…
According to the College Board, the cost to attend in-state public colleges averaged $25,290 for the 2017-2018 year and private colleges averaged $50,900. Wondering what goes into those costs? It’s time to do the math on college and the means of getting there. Here are the 5 main categories to consider.
Most people come out of college these days with some kind of student debt. Those monthly bills may seem overwhelming, but it doesn’t have to be difficult to manage your private student loan payments. From pre-college to post-college, it’s important to practice good financial habits when it comes to your student loans. Here our top tips to being a responsible borrower.
As we approach the start of another academic year, more families are learning about student loans. Education finance can be confusing and, if you’re like most people, you’ve probably stumbled over the terminology. Before signing on the dotted line, here are 12 student loan terms you need to know.
Student loan repayment isn’t easy, but it’s definitely possible. With a little strategic planning and a lot of self-discipline, you can slowly but surely tackle your loans. Here are six tips to get you on the right track when it comes to dealing with student debt (and any debt).
If you’re looking for a cosigner, you’re not alone. Over 90% of private student loans include them. There is a lot to keep in mind when trying to find a good candidate. Here are some helpful tips to keep in mind as you move through the process.
A large selection of homes in your local housing market can be a good thing – except when it’s not. While Americans may enjoy the freedom to choose where they live based on home affordability, too many choices can produce decision fatigue.
Every year, millions of consumers fall victim to cybercrime. According to the FBI’s Internet Crime Complaint Center, in 2014, consumers lost more than $800 million from scams initiated through the web. In recognition of Internet Safety Month in June, Ephrata National Bank is highlighting seven tips to help consumers protect themselves from online fraud.
A home appraisal is an impartial evaluation of a home’s value performed by a professional appraiser. What an appraisal allows a bank to do is confirm that the value of your home is more than the outstanding balance on your mortgage plus the amount you are looking to borrow on your Home Equity Line of Credit.
