ENB Insights

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.

Your Social Security number is an extremely important piece of personal information. These numbers are used to open new credit cards, to acquire loans and in some cases, to establish new identities. Because of this, criminals and scammers work very hard to steal Social Security numbers.

Accessing business accounts over the Internet is not just a convenience; it is a necessity in today’s fast-paced business environment.  At Ephrata National Bank, we are invested in protecting our customer’s financial information and look forward to partnering with you to assist in safeguarding your online identity.

How Much of Your Income Should Go Toward Housing? If you’re ready to start house-hunting – or if you’re just looking to build a better budget – you need to know how much of your income should go toward housing.

If you have never applied for a mortgage, getting started can seem daunting.  Fear of the unknown can even cause first-time homebuyers to put off looking for a home, even when they can afford one. This is completely understandable since it will probably be the biggest purchase you’ll make in your lifetime. To take some of the worry away, we have broken down the entire process into six easy steps so you can make your dream of home ownership a reality.

One of the biggest joys of owning a home is that your mortgage payment allows you to build equity in it. Home equity is the difference between your home’s value and what you owe. Some homeowners enjoy building equity so much; they want to know ways they can build it faster. Here we explore ways you can do that.