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9 10, 2018

How Much Money Do I Really Need to Buy a House? (Hint, It’s Not 20% Down…)

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    How Much Money Do I Really Need to Buy a House? (Hint, It’s Not 20% Down…)

“I don’t have that much cash,” lamented a credit union member. “There is no way I can put down 20% to buy a house.” So goes a stubborn misconception about down payments. A recent Forbes article noted, “There’s a big down payment myth that a lot of renters believe because they’ve heard it from their parents Read More

4 09, 2018

What is a Secured Credit Card? And Should You Get One?

What is a Secured Credit Card?

A Secured Credit Card requires a cash collateral deposit that becomes the credit line for that account. For example, if you put $500 in the account, you can charge up to $500. Secured Credit Cards are great for people with bad credit or limited credit because they are almost Read More

21 08, 2018

Why to Stay Cautious When it Comes to Short-term Loans

With back-to-school time finally here, this can mean additional monthly expenses for a family household. For some, these unexpected and emergency expenses can lead to taking out high-interest loans from finance companies without realizing what they’re getting involved with.

According to the Ohio Credit Union League’s 2018 consumer survey, 30 percent of respondents said they Read More

14 08, 2018

Back to School Time

It’s hard to believe that another summer has come and gone, and a new school year is quickly approaching. Of course, this time of year always brings out a mix of emotions. Parents and students are overcome with excitement, maybe a little sad as the summer ends. Kids are even anxious and possibly scared Read More

13 03, 2018

The Realities of Paying Off Student Loans

College graduates in Ohio are entering the workforce with high hopes, bright futures, and years’ worth of student loan debt.

The average annual cost of tuition in Ohio was $14,804 for the 2016-2017 academic year, according to CollegeCalc. That’s $1,218 higher than the U.S. average and ranks Ohio as the 20th most-expensive state or district Read More

17 10, 2017

When Credit Scores Have Credit Scars

A Credit 101 Halloween edition

I can vividly remember one specific Halloween day, I was riding my bike with my friends on the street in front of my house.  I was in my early teens and as always, my competitive nature got the best of me as a race broke out.  Just as I reached Read More

15 08, 2017

How to go Back-to-School with Student Loans You Can Afford

Once again our summer days are getting shorter and everybody is talking about “back to school”. Personally, I always enjoy fall. Working at the UD Branch, I feel a sense of energy on campus;  faculty are putting the final touches on their semester lesson plans, The Pride of Dayton pep band is practicing for Read More

17 01, 2017

Should You Buy a Home With No Money Down?

Did you know that you can buy a house with no money down? There are several loans and/or grants available to first time buyers, military veterans and everyday people. I am a fan of no money down home loans and grant programs, and here is why I think you should be too.

Keep your cash

To Read More

30 08, 2016

Hey Millennials…Should You Own or Rent Your Home?

“Mortgage interest rates can’t go any lower!” That’s what many Americans have been saying for the last seven years. Well, thanks to Brexit and other global economic factors, rates continue to drop.

Several lenders have priced their 30-year fixed rate mortgage around 3.00% to 3.50% (based on the qualifications of the borrowers).  Those awesome rates are about Read More