Buying a Home vs Renting
Buying a home can be an adventure or an ordeal. People generally prefer homeownership over renting. When mortgage rates are low, and rent increases in big cities, buying a property would appear to be a much better option than renting. If you are considering the differences between buying vs renting a home, you should ask yourself the following questions...
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Home Improvement Loan: Good or Bad Idea?
Buying a home helps people feel a little more secure about their financial future. As the years pass and the mortgage decreases, a homeowner will own more and more of their home. The more home that is owned, the more equity is available.
Home equity is how much of your property you actually own. Thus, your home equity is how much of your property's value you've paid off. It can be calculated by looking at the house's current market value and subtracting the remaining balances of your home loan(s). This is an asset that can be borrowed against or cashed in when the home is sold.
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Home Equity: What Is It & How To Use It?
Metro Credit Union is doing everything possible to help you get through these challenging times.
One way to cover projects, bills, and unexpected expenses is through your home’s equity. With our Home Equity Line of Credit you can borrow up to 90% of your home’s value with fixed rates as low as 1.99% for 60 months.
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Choosing Metro Credit Union for Home Equity Loans
Choosing a Home Equity Loan should be easy. You’ve got equity in your home. Your credit is good. You can afford the payment. What’s the big deal? The truth is, all Home Equity Loans are not the same, and some lenders advertise rates or terms that very few borrowers qualify for, only to switch you into higher rates or less favorable terms somewhere during the process.
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Difference Credit Union vs Banks
When most people want to save or invest their money, the first place they approach is a bank. Credit unions are becoming an increasingly popular alternative, and there are many reasons why credit unions might be better for both individual and business finances over heading straight to the bank. Here are a few of the main differences between credit unions and banks.
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Don’t “Fall” Into a Wedding Financial Fiasco
Are you planning a wedding or attending weddings this fall? Let the wedding be a memorable celebration with these tips.
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Equifax Settlement Phishing
If you were impacted by the 2017 Equifax data breach, you may be eligible to file a claim. Internet criminals are now targeting victims of the Equifax data breach with phishing attacks and are spoofing Equifax’s settlement page.
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Supercharge your financial life with Save and Succeed.
Metro's Save and Succeed is a FREE resource to access daily tips from personal finance and career experts anytime, anywhere. Learn about our latest courses about Health Insurance and Insurance Needs.
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June is National Homeownership Month
When you're in the market for a home loan, you know you can trust your credit union to provide a great rate, great service, and all with fewer and lower fees. Here are some things to consider when purchasing your new home with June being National Homeownership Month.
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Reach Success in 2019 with Metro Credit Union’s Save and Succeed
It’s a new year and Metro Credit Union is happy to introduce Save and Succeed, a FREE, online literacy program through Metro Credit Union. Explore Metro Credit Union’s Save and Succeed courses to improve your money skills on topics like credit, investing, financial goals, career objectives and more.
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Save And Succeed: Your Financial Education Resource
Watch Metro’s website for additional information about a free, online financial literacy program. Then, look for Save and Succeed beginning January 7th, when it becomes available.
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Holiday Fee Exchange Dec. 5th-14th
Metro will be doing the Holiday Fee Exchange program again this year from Dec. 5th-14th!
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Advantages and Disadvantages of Certificates
Besides savings accounts, another way of earning interest from financial institutions is by starting a Certificate. Compare different types of Certificates with the help of online resources, and you can find one that best suits your needs.
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Metro Credit Union's 5 Star Service Award: Eliza Daye
This is the third Metro Credit Union staff member to be awarded the monthly 5 Star Service Award in 2018. Eliza Daye was working with a member who was struggling to make ends meet this month and found a way!
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Summer Lovin' Isn't a Blast with a Romance Scam
How sweet it is to be in love in the summer, but don’t let summer love happen too fast through a romance scam. Metro Credit Union takes great precaution in preventing against fraud but all members should be aware that criminals come up with new schemes each and every day.
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Financial Tips to Consider When Traveling
To experience the world as a traveler, and not as a tourist, you need the freedom to explore beyond the landmarks. But how can you travel around without actually breaking the bank? Save money and enjoy a vacation more than once a year with these tips.
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Metro Credit Union's 5 Star Service Award: Jessica Hanika
This is the second Metro Credit Union staff member to be awarded the monthly 5 Star Service Award. Jessica Hanika, Mortgage Loan Originator, made the entire home buying experience easy and convinced this member to stick with using Metro Credit Union after starting the process with another financial institution.
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Be Careful of Online Loan Scams
Strapped for cash? You might think an online payday loan is a quick and easy way to help stretch your money. But before you enter any personal information on a website, you should know that the online payday loan could be a window to a scam. Learn more.
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Things to Consider Before Starting an Allowance for Children
At some point in their lives, most parents find themselves wondering how much money they should give to their child. Some think that giving their children an allowance spoils them, while others think that periodically giving kids money helps them to learn how to manage money. Learn more about the factors to consider before starting an allowance for children.
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8 Debt Payoff Strategies
It is common to hear people say that they would like to pay off their debts, but they aren’t sure about what steps to take or where they should get started. There are several ways to get out of debt and each may suit different people in different situations. Learn more.
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