GET ACCESS TO CASH FOR HOME IMPROVEMENT, BILLS OR EXPENSES With record low interest rates, now may be a good time to look into a home equity line of credit (HELOC) - a loan that gives you access to cash based on the value of your home. The most common use is for home improvement projects, but a HELOC is flexible — it can also be used to pay for education expenses, bill consolidation, medical expenses, or even a swimming pool! Unlike a Home Equity Loan, where you get one lump sum that you pay off like a mortgage (over 5, 10 or 15 years), with a HELOC, you make payments only on the amount you actually use, similar to a credit card. Reach out to Achieva Credit Union at 800-593-2274 to get connected with a mortgage banker who can help you with a HELOC and get you started on that home improvement project (or ready for that vacation).
For more information about Achieva Credit Union, visit www.achievacu.com
GET YOUR FINANCES IN SHAPE It’s hard to know what challenges might be on the horizon in 2021 that could affect your finances, but taking a few key steps now can help you be ready for whatever comes. Whether you’re holding steady financially or trying to bounce back from a tough year, here are two tips for getting on the right foot this year: Pay yourself first. Choose a percentage of your monthly income (1-5% or so) to go automatically into your savings before you make any payments. After a few pay periods, you won’t even notice it, and you’ll have built up an emergency fund. Clean up your credit. Pop quiz: What is your credit card’s Annual Percentage Rate (APR)? If you don’t know, you’re not alone. More than half of all Americans are in the dark on their APR. Review your statement, and consider switching cards or transferring your balance if you’re not happy with your current rate and save money in the long run.
BRANDSTORY FEATURE | SRQ MAGAZINE | MARCH 2021
