Your home is more than just a house. It’s where you create memories with friends and family. It’s a reflection of you and your personality. It’s a financial investment. And, since the pandemic started, it’s a place where you spend a lot of time!
Most people have multiple debts these days – ranging from credit cards and student loans to car and home loans. The thought of repaying them all can be daunting, especially if you’re only making minimum payments each month. However, there are strategies you can put into place to help organize and reduce your debt quicker.
Buying your first car is an exciting experience! After all, with your very own vehicle, you can finally experience the freedom and independence you’ve been wanting. No longer will you have to ask for rides from your friends and family or rely on ridesharing services or public transportation.
For some people, buying a new car is exhilarating. After all, the thought of driving a brand-new vehicle with all the bells and whistles is exciting. On the other hand, many others may find the process intimidating and stressful.
Did you know that, just like individuals, your business needs a good credit score? Whether you’re thinking of turning your side hustle into a full-time gig or starting a new business, establishing business credit is imperative.
Many of our credit union members ask us whether they should get renter’s insurance, and rightly so. That’s because if you're renting a home or an apartment, it's important you obtain renter’s insurance to help protect your belongings.
Recently, you may have noticed increased chatter about refinancing your mortgage or buying a new home. But what is all the hype about, and why now? As the COVID-19 pandemic continues and variants unfold, both current homeowners and prospective buyers are benefiting from some of the lowest mortgage rates in our country’s history.
If you’re a homeowner, you’ve probably thought about refinancing your mortgage at some point. After all, home loans are long-term, usually ranging from 10 to 30 years. A great deal can happen in that time, including interest rates dropping, your home value increases, the introduction of new loan types, among other market changes.
One thing many first-time homebuyers are somewhat blindsided by is PMI (Private Mortgage Insurance). You may see it mentioned in some real estate advertisements, but not fully understand what it means.
A HELOC stands for Home Equity Line of Credit. This line of credit loan is based on the equity you have built-in your home. In other words, it’s the difference between what your home is worth and what you have left to pay.
