BLOG

Balancing rent with saving for a down payment can be tough, but it's possible with the right approach. Stay informed on market trends, set clear savings goals, create a budget, and automate your savings. Explore our savings options like Share Certificates and Money Market Accounts to boost your funds. Stay motivated, adaptable, and continue learning to bring your homeownership dream closer.

Many homeowners hesitate when considering financing options for home improvements, consolidating debt, or funding major expenses, waiting for interest rates to drop. However, for those considering a Home Equity Line of Credit (HELOC), the waiting game might not be necessary—or beneficial. Here’s why understanding the flexibility of HELOC rates, particularly the variable nature and rate floors, is crucial.

Are you ready to make the most of the year ahead? Start by implementing financial improvement plans and setting resolutions to keep you motivated throughout the year.

Understanding HELOCs (Home Equity Line of Credit)

Financial responsibility starts with figuring out how much money you have coming in (your income), and how much money you have going out(your expenses). By comparing the two, you can create a budget to help protect yourself against going into debt.

Money can be tricky, especially when so many myths are floating around about how to save, invest, and spend. We get it; we're here to help you separate fact from fiction! In this article, we'll debunk some of the most common money myths that may be holding you back from achieving your financial goals.

Life can be unpredictable – one moment everything seems fine, and then suddenly you're hit with a wave of expenses. The bills add up quickly from a kitchen remodel to replacing a broken washer and dryer. Unfortunately, you've maxed out your credit card and missed the no-interest payment period. But don't worry, there's a way to avoid paying high-interest rates on your credit card balance.Want to know how?

In the realm of financial solutions, personal loans stand as versatile tools that credit union members can wield to achieve various goals. At Direct Federal Credit Union, we're dedicated to offering more than just banking services; we're committed to empowering our members with tailored lending solutions. Join us as we dive into the world of personal loans, exploring their benefits, types, and how they align with your financial aspirations.