What Are the Benefits of Digital Banking?
The use of technology in banking is beneficial for managing personal finances by tracking your spending whether through spending tracker apps, budgeting spreadsheets, or online banking tools. Having up-to-date information allows you to make informed decisions based on accurate personal financial information.
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Resolutions: Twenty-two things to try through Metro Credit Union in 2022
Let’s start the New Year off right! In honor of it being ’22, here are 22 things to know about Metro to keep you on track financially this year. We look forward to serving you and helping you reach your financial and life aspirations. Metro is Your Local Advantage.
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Mortgage Terms for Understanding: Debt-to-Income Ratio
The more you know about the home buying process, the more confident you will be in making the crucial decisions that will shape your home ownership experience. The information provided will help you make the best decision in your home purchasing decisions. What does the debt-to-income ratio (DTI) mean?
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Escrow: What is it, And How Does It Work?
If you’ve ever considered purchasing a home, you’ve probably heard about the escrow process. Escrow: What is it, And How Does It Work?
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What is my Credit Score? | How To Increase It?
There are several scoring models; however, most are based on the FICO® Score, a credit score created by the Fair Isaac Corporation, which is used in most lending decisions.
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Reduced Auto Loan Rates With The Help of Metro Credit Union in Omaha
Get the most of your mileage and finances with the help of Metro Credit Union. Metro enjoys a regional reputation for great rates on auto loans. When it comes to your loan terms and conditions, the car dealership's job is offering you what seems like an excellent deal for you - but is a better deal for them. In the end, the car dealership's sole goal is to make their money out of you, whether you are buying a car with credit or buying it in cash.
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Home Mortgage Refinancing
If you're a homeowner, mortgage refinancing might be worth considering — even if your mortgage is only a year old. In the following Save and Succeed example, Todd and Amy are interested in refinancing their home to save money. They have been researching mortgage refinance loans, but they have different goals: Todd wants to make lower monthly payments, while Amy wants to pay the house off quicker.
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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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Calculate Your Best Auto Loan
Are you looking for your first vehicle or tired of having to put repairs on a used car? You won’t have to imagine driving a new vehicle when you get assistance from Metro Credit Union. Many factors go into determining the final and best auto loan amount. These factors include:
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HELOC Home Equity Line of Credit Pros & Cons
You’ve purchased a home in your dream neighborhood and you're slowly but surely fixing it up to make it absolutely perfect. Perhaps you’re adding a deck, pool, or doing a kitchen remodel. All of these things can impact your budget, so how will you pay for them? Perhaps a home equity line of credit (HELOC) is a way to check some things off your list and make your home perfect.
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What Is A Good Credit Score to Buy a Car or House?
Your credit score is a number that indicates the level of risk of default you represent to a creditor at a given moment in time. There are several scoring models, but most are based on the FICO Score, a credit score created by the Fair Isaac Corporation, which is used in most lending decisions. It ranges from a low score of 300, which represents an extremely high risk, to 850, representing an extremely low risk.
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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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Should You Lease or Buy Your Next Car?
Leasing a car and getting a car loan are very similar; both are just forms of car financing. As everyone knows, with a car loan, you borrow money from a lender and make payments until the loan is paid off, at which time you own the car.
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What Type of Home Mortgage is Best for You?
The term ‘mortgage’ is used pretty ubiquitously to refer to any loan for real estate. If you’re a first-time house buyer, you may not realize that the term is in fact rather general and describes a range of different categories of mortgage loan.
Heading to a lender without knowing the difference between these various types of loans can result in you making the wrong decision, or just getting very confused. Read on to learn the different types of home mortgage loans so you can keep up with all the jargon.
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Should You Pay Off Your Car Before Trading It In?
Buying a car on finance/with a car loan is a great decision for many people, as it allows them to drive the car they really want, without hurting their cash flow. In fact, for many people, this will be the only way to afford the kind of vehicle that they always imagined driving.
But it does create some more complicated questions that you might not have had to consider otherwise. For example: should you pay off your car before trading it in? Let’s find out.
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Car Loans: Metro Credit Union vs Car Dealerships
For anyone who wants to buy a car, the best option is usually getting a loan to fund their purchase. When looking at cars, the first thing you'll see is that the dealership gives you the offer of a loan to buy the car you like right now. This is enough for most people to sign right on the dotted line: It's instant finance for your car, after all.
But what if approaching a car dealership isn't the best way for you to get a vehicle loan?
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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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Refinancing Your Home Mortgage
Did you know that mortgage rates are down considerably? If the current value of your home has increased it may make sense to refinance at a better rate, or refinance to consolidate debt or plan a home improvement project.
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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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