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Archive - September 2023

Health Savings Accounts

Health Savings Accounts

Posted On: September 29, 2023 by San Luis Valley Federal Bank in: Financial Education

The Power of Health Savings Accounts

In today's ever-changing healthcare industry, one tool that has emerged as a powerful ally for those seeking to take control of their medical expenses while building financial security is Health Savings Accounts (HSAs). If you're enrolled in a high deductible health plan (HDHP), an HSA can be a game-changer, offering a blend of tax advantages and savings opportunities. At San Luis Valley Federal Bank, we understand the significance of HSA accounts...

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Tags: Financial Education, Health Savings Accounts, HSA, Savings

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Escrow Pricing Increase

Posted On: September 8, 2023 by San Luis Valley Federal Bank in: News

Important Notice: Your Escrow Pricing may Adjust for 2024

As you may be aware, your property value may have increased this year. County Assessors throughout the Valley performed a property valuation from January 01, 2021, to June 30, 2022. It was common to see residential property values increase by 30-80%. As a result, you may see a substantial increase in property tax payments.

If you elect to have San Luis Valley Federal Bank escrow your property taxes, your escrow payments...

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Tags: Escrow, Mortgage, Mortgage Loan, Property Taxes