Category Archives: Lending

Taking Control of Credit Card Interest Rates

September 6, 2024 | By Ben Laurendeau

Let’s start with the bummer news: credit card interest rates have hit all-time highs. Add high balances to that, and it’s no surprise that a Financial Health Network study found 42% of households reporting their debt as “unmanageable.” Thankfully, there’s good news ahead.   WHAT THE FEDERAL FUNDS RATE MEANS FOR CREDIT CARD INTEREST RATES… (read more)

Posted In: Lending, Lending

Rev & Ride: Getting a Credit Union Motorcycle Loan

June 14, 2024 | By Ben Laurendeau

Embarking on the exhilarating journey of purchasing your dream motorcycle involves more than just picking out the perfect ride. Before delving into the benefits of a credit union motorcycle loan, it’s crucial to conduct thorough research upfront. Whether you’re an experienced rider or a newbie exploring the world of motorcycles, this initial phase sets the… (read more)

Posted In: Lending, Lending

Tips for Your Student Loan Payment

May 24, 2024 | By Ohio Credit Union League

College graduation can bring both excitement and anxiety for students gearing up for the next stage of life. Many are starting their professional careers with an overwhelming amount of debt and a burdensome monthly student loan payment. In this guest blog post from our friends at Ohio Credit Union League, you’ll get a picture of what some… (read more)

Posted In: Guest Blog, Ignite, Lending

Stay or Go? – Home Equity vs Mortgage

May 17, 2024 | By Beth Meyer

Flashy new homes decked out with the latest design trends. You’re spotting them as you cruise through your city. You’re seeing them while idly scrolling Zillow. And they are definitely making an appearance on your favorite HGTV shows. It’s easy to feel like you’re missing out when you see a slick new construction. Could a… (read more)

Posted In: Home Buying, Lending

Is Now the Time to Get a Home Equity Loan?

May 10, 2024 | By Paul Humphrey

What Exactly is a Home Equity Loan? Every single home is worth some amount of money. We might call that its market value. That market value is reflective of a number of different factors, but the single biggest is generally the comparable sales in the area. An appraiser, when assessing the value of a home,… (read more)

Posted In: Lending, Lending

Is This a Good Time to Buy a House?

April 26, 2024 | By Nichole Coyle

Is this a good time to buy a house? You might be worried about interest rates that are still high, or maybe you heard that housing inventory is low. While those are factors, a lot more goes into determining if you’re ready than just the current housing market. Purchasing a house is a significant milestone… (read more)

Posted In: Home Buying, Lending, Lending

Buying a House in 2024 – How to Make the Most of Your Mortgage

April 12, 2024 | By Beth Meyer

If you’re already searching, you probably know that buying a house in 2024 is a stressful prospect. Interest rates are still high at the moment as the Federal Reserve continues efforts to minimize inflation. And while we’ve heard that rates are likely to drop during the year, the question of when and how much is… (read more)

Posted In: Home Buying, Lending

Hidden Costs of a DIY Home Remodel

July 21, 2023 | By FFCCU

Gloves? Check. Safety goggles? Check. Hammer hanging off of your carpenter jeans? Check. You’re ready to fulfill your HGTV dreams and dive into a much-needed DIY home remodel project. You’re going DIY with this because A) it will save on the cost, and B) you’ll have fun doing it. You’ve carefully budgeted for your project,… (read more)

Posted In: Home Buying, Lending, Tips For Managing Finances

What you “auto” know about getting an auto loan

September 10, 2021 | By FFCCU

Buying a car can be exciting, fun, and scary, all at the same time. This is particularly true if money is tight and you are trying to get the best deal or if you’ve never done it before. Many buyers focus their efforts on negotiating the best purchase price with a dealer, but fail to research… (read more)

Posted In: auto loans, Lending

Want To Tap Into The Equity of Your Home? Here are a Few Differences Between a Loan and a Line of Credit.

July 16, 2021 | By FFCCU

When it comes time to tap into your home equity, it may be tough to decide which home equity product is right for you. Are you looking at tackling a big home renovation project you’ve been putting off? Is your son or daughter going to college, and you want to offset the cost of their… (read more)

Posted In: Lending, Lending