Best Use of Your Home Equity Line of Credit (HELOC)

A home equity line of credit, or HELOC, allows you to borrow against the available equity in your home giving you the financial space for larger expenses, or the ability to consolidate high-interest debt on other loans. With the potential for lower interest rates, HELOCs can be a great alternative to credit cards. But what’s the best use of this line of credit? ...Read More

What are Escrow Accounts?

Escrow accounts are used to pay property taxes, insurance, and other charges. Your mortgage company usually creates the account for you. Your taxes and insurance are part of your monthly mortgage payment. These are placed in your escrow account. The money stays there until it’s time for the mortgage company to pay your property taxes and insurance premium. ...Read More

What is GAP Insurance?

It’s likely that most of us feel well covered with our auto insurance should we get in a major wreck, our car is stolen, or even get stuck in a natural disaster. But there are several scenarios that can leave you owing more on your car loan than your insurance might reimburse you for. It’s in these cases where Guaranteed Asset Protection (GAP) insurance can really help. ...Read More

7 Benefits of Joining a Credit Union

At a credit union, members aren’t customers – they’re owners. When you choose to take your financial business to a credit union, you become a member of a small, local financial institution instead of a number at a big faceless bank. ...Read More