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What Are Mortgage Points?

The mortgage process has a lot of options for every kind of homeowner, like buying mortgage points. Mortgage points, or discount points, are fees that a homebuyer can pay to their lender in exchange for a reduced interest rate. So, how do mortgage points work, and how can they help someone looking to buy a property?

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How Do You Get a Mortgage Loan?

For new homeowners, the house buying journey can be daunting. Navigating how to get a loan for a mortgage shouldn’t be. Understanding what to expect can make the mortgage application and home-buying process easier.

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What Are Closing Costs for a Home Purchase?

When someone is in the process of buying a home, they will come across closing costs at some point. So, what exactly are closing costs, and why are they important for home buyers to know about?

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What Is Direct Deposit and How Does It Work?

Direct deposit is an efficient and secure way to send money, like paychecks, Social Security benefits, government benefits, tax refunds, and more. Because direct deposit is an electronic transfer of funds directly into your bank account, it eliminates the need for depositing a physical check. This means you will be able to access your money more quickly, without needing to take any extra steps.

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What Is Second Chance Checking?

Getting approved for a new bank account can be tricky if you’ve had a history of banking issues. Fortunately, there’s another option. Second chance checking—also known as second chance banking—can be an option for individuals looking to get their finances back on track.

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Auto Refinancing 101: Rev Up Your Savings

Auto refinancing can be a savvy financial move for car owners who want to save money on their auto loan. Whether you're looking to lower your monthly payments, reduce the amount of interest you pay over the life of the loan, or simply find better member service with a new lender, refinancing your auto loan can help you achieve your goals. In this day and age, every penny counts, and auto refinancing is just one way to put a little extra cash back in your pocket.

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Credit Union 1 is celebrating 65 years of helping individuals, families and communities reach their financial goals. Learn More