Entries by Sabrina Arbona

How to Save for a Down Payment

The tallest hurdle to buying your first home will be saving for the down payment. To avoid having to purchase private mortgage insurance, you’ll likely need to put down at least 20% of the purchase price, which will probably mean tens of thousands of dollars. As a young adult, saving this much money may seem […]

How Much Down Payment Do You Need to Buy a Home?

The down payment. Cue the dramatic, fear-filled suspense music. Yeah, it’s scary. Coming up with enough cash to put down when buying a house is the single biggest roadblock for most hopeful homebuyers. But how much do you really need? A standard down payment Most lenders are looking for 20% down payments. That’s $60,000 on […]

4 Reasons to Buy a Home Instead of Renting

The financial benefits of buying a home compared with renting have yoyoed over the years, especially of late. If you’re sitting on the fence, here are four circumstances in which it may be a better bet to buy. If interest rates remain low From a financing perspective, if this isn’t the best time to buy […]

Why You Should Get Pre-approved for a Car Loan

When shopping for a new car, many people overlook one important step: getting pre-approved for an auto loan. It’s a simple process that can make car-buying go more smoothly and save you money. Pre-approval is a quick assessment of your ability to pay off a loan based on your credit history and current financial state. […]

Refinancing Auto Loans 101

If you’re paying too much in interest on your car or truck loan, refinancing could be a great way to save some serious dough. Interest rates for vehicle loans may have dropped since you financed your auto. Or maybe you’ve improved your credit score, which could qualify you for a lower rate. Either way, it […]

How to Buy a Used Car

Shopping for a used car is a great way to get the most vehicle possible for your money, and there are lots of preowned gems out there just waiting to be found. These simple steps can help you choose one you can drive happily for years to come. Calculate your budget and explore financing Keeping […]

How to Buy a New Car

The number of decisions you have to make when buying a new car can be dizzying. And while many of them will depend on your individual needs and wants, there are some steps you should take no matter what to ensure you get the best deal. Assess your credit and financing options Unless you plan […]

0% Auto Loan Might Not Be the Best Deal

In seeking the best deal on your next car, you might’ve stumbled upon advertisements or offers to get a 0% interest auto loan. As great as this sounds, you may not save as much as you expect with this type of incentive. Since auto loans can come through either a dealer or a lender, such […]

January Helping Teachers Teach

Brandy Arnett, New Accounts Representative, and Dora Buckles, Direct Deposit/ACH Manager, of Northeast Community Credit Union, presents the Helping Teachers Teach grant check to Tammy Eggleston, teacher at Doe Elementary School in Johnson County. Eggleston applied for the Helping Teachers Teach grant to purchase a listening center for her classroom. Through the listening center, students […]