CDC Federal Credit Union - Borrowing Money

Staging your home to sell

Posted in Borrowing Money on May 26, 2020

Many, many years ago, when you went to sell your home, the thought process was to get as much stuff out of the house as possible. Realtors wanted roomy with basic white or eggshell walls and free of pictures, especially family memories. The idea was to have a big, blank canvass so potential buyers could use and stretch their imaginations to see it as a place for them.

5 Things You Need to Prioritize Financially When Leaving Home

Posted in Borrowing Money on May 18, 2020

Venturing out on your own as a young adult can feel equal parts freeing and intimidating. Hopefully, you know the basics of running a household and generally taking care of yourself. But what about finances? Here are five things you need to prioritize when it comes to money.

When purchasing a house, why do I need an appraisal?

Posted in Borrowing Money on May 12, 2020

There’s a lot of paperwork involved when you buy a house. It usually starts out with a mortgage application and pre-qualifying to see how much you can spend on a new home. Then there’s the contract once you find the right house for you and your family. By the closing, many buyers feel overwhelmed by the paperwork and as if they’re signing their life away. That's perfectly normal, as buying a home is a complex process.

CDC Federal Credit Union teams with Southern Auto Solutions bringing members an easier way to purchase a vehicle

Posted in Borrowing Money on May 4, 2020

Not that long ago, buying a new vehicle meant spending hours at a dealership. But today, there are other ways to buy a car. Ones that are much simpler and less stressful.

How a Home Equity Line of Credit can be helpful

Posted in Borrowing Money on May 1, 2020

Money may be tight right now. And for some folks, even with the stimulus money, you may still need some extra cash to tide you over. If you own your home, then a Home Equity Line of Credit, aka as a HELOC, may be a good solution.

Using your Home Equity Line of Credit for home renovations

Posted in Borrowing Money on April 15, 2020

Of the many uses of a home equity line of credit or HELOC, home renovations/home improvement is one of the most common uses. And now that you may be spending more time at home, you may have noticed that perhaps your family has outgrown your current space or it may be in need of updating.

As with any new year comes changes and this year is no different

Posted in Borrowing Money on February 3, 2020

In 2020, there are a number of new laws added to the books in the state of Georgia, and of those, one affects vehicle purchases and one affects boat and watercraft purchases. Let’s take a closer look at these new laws.

Sometimes money is tight. But what if you had $10,000?

Posted in Borrowing Money on December 27, 2019

$10,000 is a nice sum of money giving one significant buying power. Perhaps you would take that trip you’ve always wanted to take. Or maybe there is a big home improvement project you’ve wanted to tackle. Or some medical procedures you’ve put off. Or maybe you need an emergency fund. No matter what you have a longing for or a need for, many would agree that the thought of $10,000 in your bank account is definitely appealing.

We’ve all heard that ‘timing is everything’ Purchasing a home at the beginning of the year could save you hundreds of dollars

Posted in Borrowing Money on November 15, 2019

When purchasing a home, the down payment and closing costs are considered. However many forget to consider the cost of prepaid items which include the taxes and insurance.

Buying and selling a home is complicated But do I really need to hire a real estate agent?

Posted in Borrowing Money on July 29, 2019

Perhaps you’re finally ready to take the plunge and buy your first house or maybe you’re already a seasoned homeowner and your family has outgrown your current house and it’s time to move. Once you’ve decided it’s time…what do you do next?