“Can’t see the forest for the trees” The entire home ownership and mortgage experience can appear to be a forest. A forest of confusing terms, unfamiliar problems, and fear-inducing potential pitfalls. The saying that someone “can’t see the forest for the trees” means that they are so involved with the details of a situation that they lose sight of the larger issue. This expression can also be reversed, indicating that a person loses sight of details and becomes engrossed in the whole. To protect yourself from getting lost in that mysterious first time home buyer forest you are going to need KNOWLEDGE. And to receive the best first mortgage knowledge, you must start with answering the question of (more…)
The flowers are blooming, the birds are chirping, and spring is in the air – at least in some parts of the country. It’s a great time of year to stop and smell the finances. During spring, many of you will declutter and deep clean, but it doesn’t have to stop at the (more…)
To celebrate the opening of our Harford County bank branches, we gave you the Harford County infographic. Now it’s time we celebrate a little hometown pride, with an infographic on Howard County, Howard Bank’s founding county. Scroll down to experience the growth of Howard County from establishment through development, from 1851 to today, from farmland to Forbes.
Check out these fun history facts and share with your children.
• The first erasers were actually pieces of bread. In 1735, the French scientist Charles de la Condamine discovered a milky fluid that was produced under the bark of the (Hevea brasilienesis) Rubber Tree.
That milky fluid is latex, and latex is the most important raw material in the Rubber Eraser. In 1862, Faber Pencil Co.in New York made a pencil with the Rubber Eraser attached.
• The first dollar bill was created in 1862, containing a picture of Salmon P. Chase on the front. Mr. Chase was the Secretary of the Treasury during (more…)
Ellicott City and Dundalk, Maryland, March 3, 2015 — Howard Bancorp, Inc. (NASDAQ: HBMD, “Howard”), the parent company of Howard Bank, and Patapsco Bancorp, Inc. (OTC: PATD, “Patapsco”), the parent company of Patapsco Bank, jointly announced today that they have entered into an agreement to merge. (more…)
One of the county’s largest Health Insurance companies suffered what may be the largest data breach ever, potentially exposing up to 80 million customer’s personal information. Anthem says that names, birthdays, social security numbers, street addresses, email addresses and employment information, including income data was exposed. Based on this information, no bank information or actual medical information has been breached. For more information on this breach visit; www.anthemfacts.com.
While this breach does not affect Howard Bank, we take real interest and responsibility in protecting our customers against fraud and Identity Theft. While we have many checks in place to detect deceitful activity, we both can only benefit from consumers who are educated on the risks. To find out how to protect yourself against Identity Theft, please visit us at; http://www.howardbank.com/identitytheft.html (more…)
By: Dan Green
This article is current for the 2014 tax year and should not be considered tax advice. For tax-related questions or mortgage strategy related to your individual tax liability, speak with a licensed accountant.
It’s January 2015 and, for Americans, the 2014 tax year has concluded.
Within weeks, U.S. consumers will begin receiving such tax-related forms as the W-2, the 1099, and, for homeowners, the 1098, which is also known as the Mortgage Interest Statement.
The U.S. tax code offers incentives to homeowners, and by taking advantage of these breaks, 1040-filing citizens can maximize their financial investment in homeownership.
Whether a home is financed via a mortgage, or paid-in-full with cash, there are a multitude of tax-savings opportunities associated with owning a home — even at current mortgage rates which are the lowest since May 2013.
Of course, every homeowner’s financial situation is different, so please consult with a tax professional regarding your individual tax liability. (more…)
By: Heike Young
If you’re the owner or manager of a small business, the prospect of bringing new employees into the fold can be both exciting and anxiety-inducing. On the one hand, it’s extremely exciting to have the budget and resources to bring new team members into the fold. On the other, your small business is your baby and your livelihood—so you can’t afford hiring mistakes that affect your success and productivity.
Consider these six hiring tips as you write job descriptions, conduct interviews, and train your new employees. (more…)
By: Karen E. Klein
Mobile phones are essential to shopping these days, and a majority of cell phone owners say they’re willing to share personal data with merchants in exchange for such things as coupons and discounts.
But navigating mobile marketing can be confusing for small business owners, who must avoid bombarding people with unwanted texts while they’re slogging through crowds of holiday shoppers. So how can local merchants use mobile marketing effectively? Here are six tips. (more…)