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Millennial Homebuyers: Separating Fact from Fiction in the Vermont & New Hampshire Housing Market

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In this guide, we’ll debunk common myths about homeownership and highlight valuable programs available for first-time homebuyers in Vermont and New Hampshire. Myth 5: All Lenders are the Same For first-time homebuyers in Northern Vermont and New Hampshire, choosing a local bank like Union Bank offers many advantages.

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Navigating the Loan Landscape: A Guide to Small Business Financing

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Pay taxes to the U.S. If requested, you’ll also need to provide your personal tax returns from the past three years. If you don’t already have one, you can get free help writing a business plan at one of the SBA’s Small Business Development Centers –find your nearest one in Vermont or New Hampshire here.

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What Can a HELOC do for You? A Guide for VT & NH Homeowners

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As a homeowner, there may be times when you question the advantages of ownership as you calculate the annual amounts you spend on property taxes, home repairs, homeowners’ insurance, and mortgage payments. Interest on credit cards is not tax-deductible, but HELOC interest can be deducted from your taxes in certain situations.

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Ensuring a Sustainable Legacy: The Role of Wealth Management in Estate Planning

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By matching specific investment strategies with your unique level of risk tolerance, tax considerations, and legacy goals, investment management can ensure that your estate not only withstands market fluctuations but also effectively fulfills your plans for how to distribute your wealth to your heirs and philanthropic causes.

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Home Improvements: Should You Use a HELOC or a Home Equity Loan?

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Tax implications: The interest you pay on a Home Equity Loan may be tax-deductible, depending on what the funds are used for, while interest paid on a HELOC may not be. Consult with a tax professional before making a decision. If you think rates will fall in the future, consider a HELOC with a variable interest rate.

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What is a Certificate of Deposit (CD) and How Do They Work?

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Are CD earnings taxed? The interest that you earn on CDs is considered income, so you will be required to include it when you file for taxes. Your bank will typically send you a 1099-INT statement, or a statement of earned interest, which you can use when you file for your taxes. Still have questions?

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Cybersecurity Spring Cleaning Checklist 2023

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With tax season in full flow, stay safe and spring clean your physical and digital data, strengthen your passwords and keep cybercriminals at bay. Learn more about cybersecurity awareness and find out how we protect our customers and community throughout Vermont and New Hampshire.