After the recent catastrophic storms in the southern United States, it is estimated that as many as 500,000 cars may have been flooded and seriously damaged. A large percentage of these vehicles will find their way into the market for re-sale.
Helping you stay financially savvy.
On October 19, 2017, We Florida Financial, along with more than 56,000 credit unions around the world, will celebrate International Credit Union Day (ICU Day), and the philosophy and achievements of the credit union movement.
Here’s something we can all agree on: it would be nice to save more money. But you don’t necessarily have to earn more in order to save more.
When it comes to credit union memberships, a lot of people are hesitant about joining because of common misconceptions. Despite the high interest rates and fees imposed by banks, people still choose them over credit unions when in fact, there are numerous benefits to becoming a member—benefits you won't receive from traditional financial institutions.
Do you have your eye on a shiny new vehicle that would fit perfectly in your driveway? Or will you soon need a bigger car, an additional car for a new driver, or a more energy-efficient vehicle? Purchasing a car or truck is a big decision with many variables, and we’d like to alleviate worries about one of those variables: the car loan.
Retirement. It’s not exactly like death and taxes but it’s pretty much inevitable. So like everything else in life, it pays to do a little planning. With this wise thought in mind, I headed off on Tuesday, June 13 to the Members Financial seminar on Social Security at the credit union’s Pembroke Pines branch.
Reasons To Be Optimistic About Mortgages in Florida
Home prices in Florida are steadily rising. This means it's a more advantageous period for buyers who want to buy or swap homes, especially compared to market conditions years ago. For mortgages in Florida that suit every type of budget, We Florida Financial is a trusted name among credit unions in the area.
First-time car owners aren't all the same. Some may spend plenty of time finding the best deal while others let down their guard and trust whatever financing the local dealership offers. If you've realized too late that you signed up for a bad deal, vehicle refinancing can give you some breathing room in your budget and extra savings in your wallet.
While credit unions have been around for more than a century, plenty of consumers are often faced with myths about what credit unions are – or aren’t. Credit unions are an excellent alternative to banks, and often have plenty more to offer. Let’s take a closer look as we debunk some misconceptions about credit unions.
Being a new graduate, and presumably headed towards joining the workforce, becoming a member of a credit union is a wise move. But why should you join a credit union?
When shopping for car loans, you may be wondering how different lenders come up with a range of rates for you. While they may have their own formulas and calculations, they are generally guided by the three C’s: collateral, capacity to repay, and credit history.
When it comes to home financing, a home equity loan can be categorized in two ways: a home equity line of credit and a home equity loan. While they may appear similar at first, they have fundamental differences that make one more appropriate than the other, depending on your needs.
Generally, mortgages can be categorized as fixed rate and adjustable rate. As their name implies, fixed rate mortgages will mean you have a fixed interest rate and steady monthly payments. An adjustable rate mortgage means your monthly payments could change if interest rates change.
If you’ve been thinking of buying a second home, you may not want to wait much longer. You may have heard that mortgage rates are expected to rise this year, which means waiting could cost you. Securing a mortgage for your second home now, while rates are low, means you can buy more home for your money.
If retirement is in your 5 to 10 year plan, you may be starting to think about buying your retirement home now. Or, you might want to buy a second home as a vacation home for your family. Either way, now is a good time to buy.
If you're a first-time home buyer, a loan may already be on your to-do list. Here are a few helpful tips to help you through the process:
We Florida Financial's First Time Home Buyer Program was designed to help first-time home buyers navigate the entire real estate financing process.
How do you know if you should refinance your mortgage? If you think that the refinance wave has passed you by, think again. Mortgage rates are only slightly higher now than the bottomed-out low rates we saw a few years ago.
One of the most common mistakes of first time home buyers is underestimating the true cost of home ownership. Unfortunately, this mistake isn't exclusive to first time home buyers. Mortgages in general can be difficult to navigate without guidance, which is why We Florida Financial's mortgage loan officers are always ready to assist members to choose and understand their mortgage options.
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