If you’ve done research to try to lower your monthly student loan payments, you’ve undoubtedly come across the option to refinance them. It may sound like a complicated process, but don’t be intimidated; it’s much simpler than you might think and can potentially save you a significant amount of money in the long run. What is a Student Loan Refinance? Essentially, refinancing is when a borrower takes out a new loan with different terms. The new lender (such as a…
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Is a Consolidation Loan Right for Me? Here at Midwest Community, we offer a range of products and services to help our members make the most of their money and get financially healthy. One of those products is the consolidation loan. In the short video below, we tackle a few frequently asked questions to help you decide if a consolidation loan might be a smart choice for you.
The mortgage business seems to have its own language. It’s complicated and full of acronyms, terms and jargon, many of which you may not have much knowledge about. When you think about buying a house or refinancing your mortgage, you might feel like a college freshman entering his or her first class of the semester…naïve, unprepared and a bit hesitant. We know mortgages can be hard to understand, and that’s why we work with you every step of the way….
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The landscape of mortgage refinancing is shifting, but that shouldn’t necessarily scare homeowners away from considering this financial move. According to the Ohio Credit Union League’s 2018 Mid-Year Consumer survey, 57 percent of respondents have refinanced a mortgage. And most Ohioans, 81.7 percent, believe the best reason to refinance a mortgage is to take advantage of better interest rates, payments, or loan terms. Fewer Ohioans are comfortable utilizing a cash-out refinance option to pay for home improvements (8.6 percent), to…
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