CDC Federal Credit Union - Borrowing Money

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?

Considering an alternative fuel vehicle for your next purchase? Here are some things to consider

Posted in Borrowing Money on July 25, 2019

Many years ago when one thought about the future of vehicles, perhaps many envisioned a scene from the popular futuristic cartoon, The Jetsons, with spaceship-like, personal vehicles zipping through the sky. But we all know that hasn’t happened…yet. However, we have made some strides when it comes to alternative fuel vehicles.

Thinking about refinancing your mortgage? Here are some reasons you might consider it

Posted in Borrowing Money on June 24, 2019

Refinancing is when a homeowner gets a new mortgage to replace a current one. The goal of refinancing is usually to get a better term or a better rate. During the process the original loan is paid off and a new loan is established.

New car features. Which ones you need and which ones you don’t

Posted in Borrowing Money on May 23, 2019

Shopping for a new car can be complicated, especially when you're looking at the new car features. Getting the best price and good financing is always important, and we know new car features can add to the price. To help, here is a list of key features to consider as well as a few features you can skip so you're not paying for bells and whistles you don't need.

Thinking about buying a house or condo? Here are a few differences you may want to consider

Posted in Borrowing Money on May 23, 2019

If you’re looking to buy a home, you may be considering both single family homes in a subdivision and condominiums. But there are differences you should know when considering buying a single family detached home or a condo. Here are just a few differences to consider.

Second mortgages can be confusing

Posted in Borrowing Money on May 3, 2019

Here’s a simple explanation to help you better understand second mortgages

Home ownership can bring about a lot of positive aspects, including the ability to tap into any equity when you need cash. Here we answer the simple question, what is a second mortgage and why would I need one?

6 Ways to Take Control of Your Student Loans

Posted in Borrowing Money on May 3, 2019

You made the effort to learn so you could pursue your professional goals. Now, take a few minutes to learn about some of the most effective options that exist for you to better manage your student loan debt.

Imagine your family headed to a home away from home. Your very own oasis. Have you ever thought about purchasing a vacation home?

Posted in Borrowing Money on March 26, 2019

Some people love to go to the coast and some people dream about a vacation home in the mountains.