Existing home inventory is low. This is excellent news for sellers. National Association of Realtor data found existing single-family home prices increased by 4.3% during the second quarter of 2019. In this environment, listing homes at the higher end of the market is unlikely to deter eager buyers. Increased housing demand and low inventory can lead to homes selling quickly, at or above the asking price.
Your mobile device provides convenient access to your email, bank and social media accounts. Unfortunately, it can potentially provide the same convenient access for criminals. Ephrata National Bank recommends following these tips to keep your information – and your money – safe.
Marshmallows and savings habits might have a lot in common. A Stanford University study, led by Dr. Walter Mischel, highlighted the power of delayed gratification. The series of studies began in the early 1960s by examining the reactions of preschoolers when given a set of seemingly simple choices:
ENB has become aware of a new vishing scam in which reports indicate some of our customers have been targeted. Perpetrators of this scam call ENB customers posing as a "Security Officer from Ephrata National Bank". The caller then asks the customer to confirm suspicious transactions on their accounts. Once the customer confirms the transactions are not valid, the fraudster…
Individuals and businesses have become targets to a growing online fraud scheme known as ransomware. Ransomware is a form of malware used by cyber criminals to freeze your computer or mobile device, steal your data and demand a “ransom” — typically anywhere from a couple of hundreds to thousands of dollars — be paid.
A college education is associated with increased earnings, fewer periods of unemployment, and greater job satisfaction.1 However, paying for college without incurring debt remains a challenge. Tuition, fees, and living expenses often surpass the amount set aside in college savings plans or available through federal and state grant programs. For many students, scholarship opportunities are limited, leaving loans as the…
There is no one-size-fits-all approach to marketing and for many producers, it can be the worst part of the job, but having a plan in place will take some of the risks off the table. We recommend the following to help producers tackle the complicated task of marketing: Know your break-even costs. Factor in all of your costs including input…
A home equity line of credit, aka HELOC, makes it possible for many Americans to purchase a second home, complete a delayed home improvement project, pay off high-interest rate credit card debt or achieve any number of financial goals without selling their primary residence. The popularity of HELOCs continue to rise.
When purchasing farmland, there are a lot of things to think about. Financial ramifications must be considered and pitfalls must be avoided. This can be a stressful and emotional time, which is why it's so important to think rationally and act prudently. Here are 15 key questions to ask during the planning and buying process.
Your quarterly account reconciliation is off. You’ve rechecked the figures, but profits are nowhere near what you’d projected. As you lean back in your chair, you recall that last quarter’s financials also showed a slight dip in revenue. Last time, you dismissed it as an accounting error. However, this time, the difference is significant. A possible explanation is one that some businesses are hesitant to consider: Fraud.
