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It’s often said that things improve with age. A lot of people don’t realize that this is also true as it pertains to your credit score. Credit scores don’t take age into consideration, however approximately 50% of a credit score is based on length of credit history and payment history.
We’ve all heard how important our credit score is. But have you really thought about the lasting effects it could have on your future ability to borrow? Have you taken the time to monitor your credit reports and really understand what they mean? We’re here to help break it down for you!
When most people plan home improvement projects they tend to focus on glamorous changes; kitchens, bathrooms, and basement remodels. These projects can be wonderful and significantly increase the value of a home. However, functional changes like replacement windows, exterior doors, and gutters need consideration for upgrading. Although they may not increase the value of a home, they can significantly reduce heating, cooling and maintenance expenses in both the short and long-term.
Don’t get overwhelmed by your next move. Creating a moving plan and executing it in advance can save you time, money, and stress.
For many people, homeownership is synonymous with the American Dream. It’s also one of the biggest financial decisions they will ever make, which can be daunting. So, how do you really know when it’s time to make the jump and purchase a home? One thing you can do is take stock of the benefits of homeownership and decide if they make sense given your current situation. Sure there are additional costs, like regular upkeep and unexpected repairs, but often times the benefits outweigh the associated costs. Here are a few.
Fraudsters are becoming more and more sophisticated in an effort to divulge your personal banking information. Don’t fall victim to IRS imposter scams this tax season. Learn more about how to spot current IRS tax scams and how you can safeguard against them.
You’ve finally found the perfect home, put in an offer, and had your offer accepted. Congratulations, you’ve bought a new home! Almost.
Ephrata National Bank announces the promotion of Christian Heckman to Group Vice President, Commercial Lending Officer. In this role, Heckman will be responsible for managing the sales activities and overall job performance of the Commercial Relationship Managers and Commercial Portfolio Managers, assisting them in making sound lending decisions while adhering to established policies, procedures and regulatory guidelines.
Your life is constantly changing and sometimes that means having the opportunity to review your mortgage loan to fit your needs. Here are some factors to help guide you toward a decision.
If you own a home, building home equity — the value of your home minus what you owe on your mortgage — is an important long-term strategy for building wealth. That’s because home equity is a resource you can borrow against to pay off debt or make investments that help your money grow. With this in mind, you may be wondering how much equity you have in your home, how you can access it, and how you can use it to build your financial future.
