ENB Insights

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.

Equipment financing is a common business practice across industries. Using borrowed money to pay for needed equipment helps save your limited capital for other business-related expenses. It also affords you the option of making balance sheet friendly payments while the equipment generates revenue for the business.

By Chad Neiss - Vice President, Mortgage Lending You’ve been watching more than your fair share of home remodeling shows lately. And, who can blame you? With television networks devoted to backyard, kitchen, and whole home remodels, you can’t help but dream about life without the limitations that come with renting. But, it does make you wonder if homeownership is really…

We like helping startup and next generation farmers and believe this bit of information is very valuable in getting things headed in the right direction.  Even experienced farmers can benefit from this practical advice.