Entries by Lynn Berube
A Special Notice About the Coronavirus
Dear Customer: We understand and share your concerns surrounding the recent coronavirus outbreak and the speed at which it’s spreading. We want you to know that The Milford Bank is taking precautions to help keep our customers and our employees safe. Such measures include making hand sanitizer available in our offices, and wiping down counters, ATMs, check writers, and door […]
So You’re a First-Time Home Buyer, Here’s What You Need to Know
By Paul Mulligan Buying a home is one of the biggest milestones in your life – right up there with marriage and starting a family. Being a homeowner has several benefits, including possibly lowering your monthly payments compared to renting and earning equity as your home value rises and you pay down your principal. The […]
What Does the New FICO Scoring System Mean?
by Paul Mulligan, SVP, Retail Lending When you apply for a loan, lenders have access to a variety of information they use to decide whether to give you a loan and at what terms. The most popular of those resources is your FICO score, a three-digit rating based on information in your credit reports, which […]
Don’t Let Emergencies Sink You into Debt
By Celeste Lohrenz Emergencies are, by definition, unexpected and unpredictable. They can also have significant financial ramifications – either due to high costs or loss of revenue or both. By nature, emergencies aren’t easy to deal with and most can’t be avoided, but there are ways to make them more manageable, starting with making sure […]
Is a Home Equity Loan Your Path to Eliminating Credit Card Debt?
By Paul Mulligan, Senior Vice President, Consumer Lending Now that the holidays are a distant memory, everyone has settled back into their “normal” routines, which inevitably includes paying the bills. Hopefully, you didn’t max out all your credit cards, but if you did, that may create strain on your budget, especially if you also have […]
Plinqit Makes Saving as Easy as Using an App
By Tina Mason, Customer Solutions Specialist, Post Road East Office Saving is not always easy. Just ask the 58% of Americans who have less than $1,000 saved (73% have less than $5,000 in savings). Financial experts suggest having an emergency fund of 6-12 months of expenses, in addition to saving for retirement, which should be […]
Making the Most of Your Paycheck in 2020
By Lynda Mason, Group Manager, Post Road East Office; Woodmont Office Now that we’ve started a new year – a new decade, in fact – many of you may have made New Year’s Resolutions to be more financially responsible, to spend a little less and save a little more. It’s a great approach to your […]
Why Digital is an Advantage for Local Banking
It’s no secret that the world has gone digital. So much of everything we do each day happens online with the mobile devices that seem to be attached to our appendages. Mobile and desktop apps and online portals have changed the way we manage our lives, including our finances. With the Millennial generation now the […]
