COVID-19 Emergency Relief for federal student loans allowed millions of Americans to temporarily stop making student loan payments. With payments set to resume in October, here are some tips to make the transition as smooth as possible.
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Is a HELOC a Good Financial Move?
If you’re a homeowner, you may be happy to learn you have a unique tool in your financial toolbox, a Home Equity Line of Credit, or HELOC. A HELOC allows you to borrow from your home’s value at a competitive interest rate, with access to a line of credit. This credit can be used for anything – remodeling, medical bills, or a backup emergency fund.
The Upside of ARMs
Shopping for a home loan? An adjustable rate mortgage, or ARM, may be right for you. 
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Buying or Refinancing? Get the Right Home Loan
As a not-for-profit financial cooperative, SchoolsFirst FCU provides affordable solutions to help you achieve the dream of homeownership. Because we return profits after expenses to Members in the form of lower interest rates and low or no fees whenever possible, we offer highly competitive mortgage solutions, along with expert guidance to help you make the most of your money. Continue reading
What You Should Know About Personal Loans
When you need extra cash to pay for a home remodeling project or other major expense, a personal loan can be a low cost solution. You can use a personal loan to pay for almost anything. All you have to do to be approved is meet minimum income and credit standards set by the lender.
Despite their flexibility, personal loans aren’t right for every situation. Before you complete an application, consider the pros and cons.
When to Refinance a Mortgage
Contrary to what you may think, signing up for a mortgage loan doesn’t mean you’re trapped in that rate or term.
Knowing when to refinance, for instance if rates change or events arise that prevent you from paying as you had planned, can help you understand how to cut your costs or tap into your home’s equity.
Zero Percent Auto Financing Can Cost You
Who wouldn’t want to finance a car at 0% interest? It has the potential to save you a lot of money over the life of the loan, right?
That’s what auto dealerships count on. It’s one of the best ways they have to get you into a new car, according to a J.D. Power Dealer Finance Study.
Member Stories: Casandra C.
After moving to Orange County in 1985, Casandra C., a teacher then principal, wanted to find a financial institution that was more local to her new home than her bank in North Carolina.
Member Stories: Tim and Reta C.
Reta and Tim C. joined the Credit Union in 2010, on the recommendation of Reta’s mother who is a school employee Member.
Member Stories: Christine C.
Elementary school teacher Christine C. called SchoolsFirst FCU with a question about her checking account—by the end of the call she saved money by refinancing her car.