HOME IMPROVEMENT 101
Whether you are searching for your first home or getting ready to take on a big project in your current home, here are some reminders on how to financially make it happen!
Rates are at all-time lows, making it an opportune time to refinance. Here are a couple ways a refinance can help you make your home improvement project feasible:
Lower your monthly payments
The purpose of a refinance is typically to move from a higher interest rate to a lower interest rate, therefore making your monthly payments smaller. It is not uncommon to be able to shave off hundreds of dollars per month after a refinance leaving you money left over for your project.
Do a cash out for a home-improvement project
One great way to make the most out of your refinance is to do a cash out for home improvement projects. This, in turn, may add even more value to your house when sold.
HOME EQUITY LOANS AND LINES OF CREDIT
A home equity loan or line of credit is another great tool if you are planning a big project. A loan offers you a fixed monthly payment plan to make your project more affordable. A line of credit is similar to a credit card and allows you to only spend what you need, as you need it.
Right now is a great time to consider this option with our home equity special that offers no payment for 90 days or 1.99% APR for 6 months.*
If you’re ready to purchase a new home, expect a few projects along the way. Our team here at Credit Union of Ohio is here to help you through the complete process. Attend one of our free homebuyers webinars in March to learn more about how we can help you find and furnish your home sweet home!
*Click here for complete details.
Simple tips to follow to maintain spending during the holiday season.
Now, more than ever, it is very important to protect your identity. Follow these 8 tips to help prevent ID Theft.
Credit doesn't have to be complicated. Here are 6 tips to follow for an almost perfect credit score.
There is a lot to think about when it comes to buying a home. Here are 5 secrets that first-time homebuyers need to know.
Planning for college isn't easy, so we've come up with 8 tips to help parents and teens stay within their budget.
The best strategy for back-to-school shopping is to start with a plan. Make a list of supplies you will need before you start shopping. Here are tips that will help cut down on expenses.
How to plan a close-to-home vacation on a budget.
It’s hard to cut back on your wasteful expenses when you don’t even know what they are. How can you figure out new ways to save? Start by setting and monitoring a budget that works with your lifestyle. Check out these budgeting tips and start saving now!
Improve your finances with six simple steps. Everything from understanding your credit score to creating monthly budgets are easy ways to get your finances in check.
After graduation, you don’t want to be drowning in student loan debt on top of all the new expenses of starting out. It is important to find a loan that is best suited for your needs, so start your research now! We put together a student loan survival guide to help you get started.
Setting a budget is important, but making sure you’ve included all of your expenses is crucial. Want to be sure you don’t go over budget? Include costs that cover all aspects of like, not sure monthly bills and weekly grocery trips. Check out these elements that are usually forgotten when setting a budget to ensure you don’t make the same mistake.
As summer approaches it’s time to start planning that summer vacation. Whether you are driving or flying there are always ways to save. Check out these tips to make your summer travel a breeze.
Your financial health cannot be measured by a single factor, instead it’s determined by a number of elements. How financially healthy are you? Look at these questions to get a feel of your current financial health. If your answers are unclear, it might be time to develop a new financial plan.
Wouldn’t it be nice if you could easily get rid of debt? Well, it might be easier than you think! Check out the Snowball Effect approach and learn how to melt away your debt.