ENB Insights

Are you in you ready to take control of your life? Sidestepping these 10 mistakes can move you closer to financial freedom.

Equipment financing can be a powerful tool for growing your small business. Whether you’re looking to ramp up production, expand your geographical reach, or enter into a promising new product line, you may be wondering whether equipment financing is the right way to achieve your goals. In this article, we’ll briefly define equipment financing, cover some advantages and disadvantages of this form…

Interest rates are driven by the Federal Reserve, also known as The Fed, which is the central banking system of the United States. They set the Federal Funds Rate, which in simplest terms, is the rate at which depository institutions lend each other money.

Understanding credit scores and credit reports is crucial for anyone looking to achieve financial success.

You have decided to build your dream home. You found the perfect lot. You have hired the best builder and now you need the loan. Construction loans are different from a traditional mortgage, and we will give you the basics to get you started. There are two main types of construction loans, Construction-Only and a Construction-to-Permanent loan.

After months of looking, you finally found your dream home. It’s located in an area with a low crime rate, in one of the top school districts in the region, and to top it off - your move-in ready home is a few short miles from your employer. You’d move in next week if you could. But, before you rush…

A draw period is the period of time you can access funds available on a Home Equity Line of Credit. It can vary from bank to bank and even from product to product and is typically in a range of 10-25 years.

You’re ready to buy a new home. You’ve agreed on a price, have a mortgage ready, and booked the movers. However, there is one final expense you’ll need to deal with before you can sign your paperwork, collect your keys, and move in. It’s called closing costs. Understanding what closing costs are and how much you’ll need to pay for them will help you budget for your new home.

Multi-generational living is defined as adults from multiple generations living in the same home. This form of living is on the rise in the U.S. after declining for years and a record 60.6 million Americans live in multigenerational households according to data from Pew Research Center. Reasons include growing racial and ethnic diversity in the U.S., more young adults living at home, economic necessity and a larger percentage of the US population over age 65.  Whatever the reason that may be causing you to consider multigenerational living with some planning, you can make this living arrangement work for everyone.

Ensure that everyone on your team understands the importance of working capital and the factors that drive it.