Deciding to buy a new home can be very exciting – especially if it’s your first home. Most often, the first question you ask yourself is, “How much can I afford to spend?” While that’s a great question, the answer isn’t always clear-cut when it comes to home loans.
Upon reaching adulthood, one number that can dramatically impact your life, both financially and otherwise, is your credit score. A good score can help you receive the loans you need and ultimately pay less interest on those loans. But it can also help when applying to lease an apartment, and some employers even check your score before hiring.
Credit cards are one of the most widely used forms of payment these days. With the lure of rewards and the ease and convenience of payments, many turn to their credit cards first when making purchases.
It’s no secret that having a great credit score is beneficial today. It makes being approved for loans easier and ensures you pay less interest on those financial obligations. But its benefits stretch beyond loans. For instance, some employers will check your credit score before hiring you.
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.
