Loans

  • How to Apply for a Mortgage for Your First Home

    An important step to becoming a homeowner is completing your mortgage loan application. This is a lengthy application that documents your personal information (Social Security Number, date of birth, etc.), employment information, assets and liabilities, mortgage terms, and much more. You’ll want to work with your lender to complete all fields, especially as they relate to the type of mortgage…

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  • What’s the Real Cost of Owning a Car

    Do you know the real cost of owning a car? We often think the cost of the car is the price we pay the dealership. The cost, however, is far more than the price tag of the vehicle. Consider these costs before buying your next car. There are on-going costs associated with car ownership that should be considered which are…

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  • How to Refinance a Car Loan with Bad Credit

    If your credit score has improved, it might be a good bet to refinance the auto loan with the existing lender. The alternative is to start shopping around for rates and terms. Call up your bank or credit union and see what promotions they have for car refinancing. Lenders use different score tiers to determine interest rates on many loans.…

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  • How to Lower Your Car Loan Payment

    Need or want to lower your car loan payment? Whether you’re feeling financial stress or simply looking for ways to improve your cash flow, lowering your car payment is a good strategy. The average car payments in America is $554 according to Experian. That’s a sizable amount of anyone’s income. What can you do to lower your car payments? Talk…

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  • How to Finance a Car the Best Way

    Finance a car at the dealership? Getting an auto loan may seem like an overwhelming process with loan offers from banks, financing companies, and dealership financing. It’s exciting to purchase a new or used car. We can easily get swept up in the emotion or influenced by the dealer. But if you come prepared you’ll end up driving off with…

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  • 7 Reasons to Absolutely Rethink Getting a Loan

    Since banks and credit unions create loans every day, you may think getting a loan is no big deal. You may also argue that if it weren’t for banks most people wouldn’t be able to buy a house, get a car or complete a college degree. So, loans are available to make our life a bit easier, right? It really…

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  • Payday Loans for Military – What to Know and Alternatives

    Being in the military is a difficult job. As a former sailor I personally know that between deployments, transfers, and regular day-to-day events it is difficult to be financially stable. This is especially difficult for younger military members who live paycheck-to-paycheck. I was one of those people. It’s an easy thing to fall into because while you are in the military you will…

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