With the holidays fast approaching and 2022 just around the corner, now is a good time to start preparing for the end of the year. This can save you and your employees some headaches later.
Were you denied health insurance coverage due to the participation requirements? There is a special open enrollment period from November 15th through December 15th allowing eligible small groups to enroll for coverage effective January 1st.
The Affordable Care Act (ACA) requires health insurers to offer a one-month special open enrollment period, where eligible small groups can enroll in coverage without having to meet standard employer-contribution and/or employee participation ratios.
Do you have reliable and secure credit card processing services? Not only does Franklin Payments deliver this but the company also streamlines the process seamlessly to help you save money.
Let us prove it: Share two months of your processing statements with us, and if we can’t meet or beat your current provider’s effective rates, we’ll give you $500.
Accept payments in-store, online or on-the go. We have payment solutions for today’s commercial environment!
If you are planning to apply for a home loan for a refinance or acquisition, spend as much time reviewing offers as you would for any other large ticket item you would buy. You may want to apply with more than one lender and compare their loan estimates. When comparing you are looking for amortization terms, interest rate, APR info, and fees you will pay.
Many lenders use fully electronic applications today. You will be asked to consent to E-Signature and E-notifications. These options make things more convenient for you and the lender and normally help the processing go smoothly; however, you are not obligated to accept these options.
Should you go to a mortgage lender or a bank? Mortgage lenders usually originate loan applications for multiple investors. The good ones will shop your application for the best deal for you. The not-so-good ones will look for the best deal for themselves; shopping and comparing multiple lenders helps avoid this pitfall and some others. Banks are normally selling their own programs or programs through FNMA and FHLMC. The unique lender that you may want to look for is one that has their own programs (like a bank) but also can sell to multiple investors. This feature is important in case you are one of the unique borrowers who doesn’t fit nicely into the predetermine boxes.
Rates are still low and attractive. As of mid-October, a 30-year mortgage with no points should be in the 2.625 to 2.75% range. Market fluctuations happen daily, but for the past 6 months they haven’t moved much. If you get estimates that are higher, then you certainly should look at other lenders. If they are much lower, be observant for special fees and conditions that could disqualify your application and place you into a higher rate program.
Are rates going to go up? Yes, but no one knows when. Based on the current market, there should be a few more months of low rates, and more than likely this favorable scenario for borrowers could carry into mid-2022.
If you are planning to buy a new primary, secondary, or vacation home, or refinance your current home, feel free to visit our website, TiogaFranklin.com, for free preapprovals and loan estimates.
Looking for a way to earn some extra bucks for the holidays?
Simply tell your friends and associates about Payroll Service Solutions. If they become our client, we will send you a $50 Amazon gift card. This program is unlimited — you are eligible to redeem this reward for each referral that becomes a new client!
They can email us at Lisac@payrollservicesolutions.com or call 215-624-0922.
Pennies in your garden deter pests. Pennies buried in a garden will repel slugs, which get electric shocks from touching copper and zinc.