Goodbye High-Interest Loan: Refinance to Save
There are creative ways to refinance debt and save money in the process. For instance, a lower-interest auto loan can be used to refinance a high-interest loan like a credit card.
Category: Personal Finance
The Benefits of Investing in Real Estate
Real estate is a great way to build long-term wealth. Combining the forces of leverage, appreciation and cash flow, real estate investment is an accessible way to provide for your financial future. Leverage Your 15-25% down payment purchases a much larger asset than other investments. Appreciation Your asset can increase in value over time, and
The Credit Union Difference: Education
Each member of Elevations Credit Union is an equal owner of our financial institution, and we provide a variety of resources to empower our members with financial education and help them succeed. Seminars: We offer seminars on topics like retirement, home buying, financial planning and insurance. Sign up for one today! Our website and blog: Find
Financial Literacy: It’s Never too Early
As I’ve mentioned in previous posts, Elevations Credit Union is committed to education and financial literacy at all life stages. And it’s never too early. In fact, research suggests that the elementary years may be the window of opportunity during which education can influence financial behavior in later life. Unfortunately, we still don’t have a
The Credit Union Difference
What’s the difference between a credit union and a bank? In his video blog, Gerry Agnes, President & CEO of Elevations Credit Union, explains that credit unions are not-for-profit financial cooperatives owned by members of the community. Banks, on the other hand, are owned by their stockholders, and they’re designed to make profits. Fundamentally, this
Apply for a Loan: 3 Questions Underwriters Ask
In addition to looking at your debt-to-income ratio and credit report, there are several other considerations underwriters take into account when reviewing your loan application. In this third and final part of our “Apply for a Loan” series, look at three additional questions underwriters ask. 1. How stable is your income? If you’ve been at your
How to Calculate Your Debt-to-Income Ratio
When you’re considering applying for a loan, understand how underwriters look at you and calculate your debt-to-income ratio (DTI), plus take into consideration your financial situation and obligations to feel comfortable, as well.
