Bragg Mutual FCU
Bragg Mutual FCU

TIPS TO BORROW

The holiday season is a busy period, and it’s certainly a hassle to move during such a time. Many families, however, find this season to be prime for hunting down a bargain on a home. People are in the holiday spirit, and this could make a home sale go quickly or make it easier to […]

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What is a HELOC? A home equity line of credit (HELOC) is a convenient financing option that allows you to borrow money against one of your greatest assets — your home. As such, it can be drawn when you need the money instead of borrowing as a lump sum, as is common with home equity […]

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How Debt Consolidation Works When you have multiple outstanding debts, paying them off can be a long, challenging process. An effective way to get out of this situation is to consolidate your debt into one easy-to-manage payment with lower monthly payments. Let’s assume you have balances on multiple credit cards. It would be easier to […]

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Having a car is essential for everyday living from going to work to making trips with family or visiting friends. If you’re preparing to purchase a new or used vehicle, you need to get pre-approved for a car loan before you make your way to the dealership. You want to get the best deal possible […]

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Are you buried in debts that seem to grow to new heights each passing month? Perhaps you’re late on your car payment, weighed down by student loans or mortgage or maybe your payday loan has ballooned and the interest keeps accumulating. If you’re facing one or all the scenarios as described, you may be considering […]

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Home equity loans and HELOCs all involve borrowing against your home equity. However, even though both loans use your home as collateral, they differ when it comes to how you access loan funds and make repayments. Knowing the Difference A home equity loan provides borrowers with a fixed amount of money in one lump sum […]

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Buying a home is a significant investment, and one of the biggest financial moves for most people. Anyone considering making such a considerable investment needs to have a good understanding of just how much of a house they can afford. Generally, your income, debts, down payment, long-term costs (in terms of interest rates), own financial […]

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When purchasing a new vehicle, there are a lot of financial decisions to consider besides picking out a suitable make or model that meets your needs and preferences. As a general rule, you should be ready to part with at least 20% of the vehicle’s sticker price upfront. Here are a few reasons why you […]

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Whether you are looking for a loan, opening a new account or signing up for a credit card, it’s important to understand the three letters that appear next to your interest rates. By definition, APR refers to Annual Percentage Rate while APY means Annual Percentage Yield. APR and APY are both applied to loans and […]

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What is a Home Equity Line of Credit? A Home Equity Line of Credit (HELOC) is a line of credit secured by home ownership from borrowing against the value, or equity, in your home.  Once opened, there is a ten-year period in which you can borrow and accumulate a balance.  As you pay the balance […]

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