In
honor of Juneteenth, Northern Bank branches and the Contact Center will be
closed on Thursday, June 19. As always, mobile banking, online banking and our
ATM network are available to you 24/7.
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
By accessing the noted link you will be leaving our website and entering a partner site which is hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of our website. We encourage you to read and evaluate the privacy and security policies of the site which you are entering, which may be different than those of ours.
In this episode of Everything Real Estate hosted by Realtor Randy Herman, our Northern 1031 Exchange Senior Vice President, John Starling, takes a deep dive into the basics of 1031 Exchange. He discusses the advantages of using 1031 to defer taxes , the types of properties that qualify and ways to structure an exchange, including forward, reverse and improvement exchanges. Starling also gives an overview of the 1031 Exchange rules and explains how the IRS defines like-kind exchanges and other requirements for a successful and valid exchange. He answers all those key questions investors have, including:
• What are the time frames?
• How long do I need to hold onto a property?
• How much do I have to invest?
Additionally, he explains the role of the Qualified Intermediary and the importance of working with an experienced company that knows and understands the ins-and-outs of 1031 Exchange.
Your financial journey is more than just numbers, it’s about your dreams, your security, and your legacy. This Elder Abuse Awareness month, we’re sharing warning signs to help you stay vigilant and protect against fraud.
There's nothing like the feeling of owning your own home. At Northern Bank, we get that. We work to make homeownership possible for clients like Jose, who our first-time homebuyer specialist worked side-by-side with until they achieved their dream.
Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $3.22 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender.
Ready to take the next step?
We're here to help!
Contact us now to learn more about how Northern Bank can help you realize your goals and dreams.