Archive for the ‘ Mortgages ’ Category

Think Spring Home Improvement


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We’re dangerously close to March and if you’re like most people in Southcentral PA you have had enough of this winter weather. You’re looking to get outside and start enjoying some sunshine and some warmer weather, right?

It’s the time of year to start thinking about rediscovering the outside world and if you’re a homeowner, that rediscovery should include some annual springtime home maintenance. As the days hopefully get nicer, you may want to spend some time on the following so you don’t end up with costly repairs or damages later on:

Inspect your roof – Look for any water damage, missing shingles or related defects. A leaky roof can add up to a whole host of issues inside and out.

Clean your gutters – Clogged gutters are a recipe for disaster. They can break off, cause leaks and more.

Check your HVAC filters – Now is a great time to clean or replace your filters which you should be doing more than once a year anyway. Dirty filters cause your HVAC systems to work harder which means higher heating and cooling bills. And, let’s face it, if the motor blows on your system, then you end up with yet another costly repair.

Dryer vents – Dirty, clogged dryer vents lead to one thing – fires. The lint trap on your dryer doesn’t catch every fuzzy. Make sure you’re cleaning them out with your vacuum. Clean dryer vents help your dryer run more efficiently.

The washer – Check all of your washing machine’s hoses for cracks. Cracked hoses end up causing leaks. Leaks mean you’re going to get water all over the place – either as one big flooded floor or you could end up with a slow drip you’re unaware of that seeps down between your floor and subflooring and the next thing you know, you have an issue with rotting wood and extra repairs.

Window screens – Gently scrub your window screens, patch holes or replace them.

Decks, driveways, fences and more – These these don’t clean themselves, even when it rains. You may need to power-wash, repair, paint, stain and so on to keep them looking extra spiffy.

Cracks – Check for cracks in concrete, wood, and so on. Fill ’em up. Seal cracks around windows and doors, your pipes, bathtub and so on.

Paint – Peeling, chipped, cracked paint just doesn’t look good. Touch up painting is an easy fix.

Smoke alarms and carbon monoxide detectors – If you don’t have them, get some. If you do have them, change the batteries. Do this more than one time a year. You cannot underestimate the power of these inexpensive alarms and how much impact they can have in saving your life or the lives of your loved ones and pets. Invest in some fire extinguishers as well and know how to use them.

The frig – Vacuum your refrigerator coils to keep them nice and clean. If they’re covered in layers of dust, they’ll work harder, and you’ll have a higher electric bill. Clean them often. And while you’re at it, give the inside and outside of the refrigerator a good cleaning and disinfecting.

Prepare your power tools – Sharpen your lawn mower blades and check all of your other tools like chainsaws, trimmers, etc. so that they can run as efficiently as possible.

Reduce heating & cooling bills – Consider shades, shutters or other window treatments such as curtains that keep heat out and cool air in.

Check your homeowner’s or renter’s policy – Now is a great time to review your coverage. If you’d like a free quote to compare your current policy give our Insurance Services department a call.

Need help financing a home improvement project? Check out our home equity loan.

A life cycle of lending


piggy bank

Think of us first when you need a loan.

Members 1st Federal Credit Union has a whole suite of lending products for every stage of your life. Throughout your lifetime there are many good reasons to borrow money: for education, purchasing a new vehicle or home, or perhaps financing your business needs. We have one of the widest variety of competitively priced lending products of any financial institution in the area. As a member, when you apply for a loan, you may qualify for a discounted loan rate depending upon your Member Loyalty Reward level. Always ask what your reward level is and how that could help your loan rate.

As a locally owned credit union with no stock holders pushing to maximize profits, you are ensured low rate loan products with very little or no fees. One of the first types of lending young adults become familiar with is our student loan program, Credit Union Student Choice. This program allows student and parents to borrow money as a line of credit, which allows for deferred payments until after graduation with low rates and a competitive structure. Our Student Loan Administrator, Tiffanie DeVan, would be glad to sit down with both student and parent to discuss this option for financing your college education. You can reach Tiffanie at (800) 283-2328, ext. 6017.

Many people start their relationship with us via an auto loan. These loans may be obtained either directly from us or through our “On the Spot” vehicle loan program, which is available through any of our 250 auto dealer partners throughout Southcentral Pennsylvania. We have financing available with terms up to 84-months. Visit www.members1st.org > Products & Services > Loans or call (800) 283-2328, ext. 6040 for details.

One of the most convenient types of loan products we offer is our VISA® products. These products include our VISA® Platinum Cash Back program, which features 1% cash back on all purchases, plus 2% cash back on gas and grocery purchases. If you are having some credit issues, but still would like the convenience of a VISA® card, our new VISA® Platinum Secured Card can provide you with a VISA® card and help you re-establish credit. Contact our Card Services Department at (800) 283-2328, ext. 6040 for more details or visit www.members1st.org > Products & Services > Card Services to apply.

If you are purchasing, refinancing, or constructing a new home, our experienced mortgage experts will guide you through the process and make it as easy as possible. We offer VA, FHA, Conventional, and Construction loans, plus a PHFA first time buyer’s program with little or no money as a down payment. You can reach our mortgage specialists at (800) 283-2328, ext. 6026. To view our current rates or to apply online, visit www.members1st.org > Products & Services > Mortgage Services.

After home ownership, you may be interested in home equity loans and lines of credits to assist with making home improvements, debt consolidation, or simply to have a line of credit available for any future borrowing need. Our fixed-rate, fixed-term home equity loan program features terms up to 20 years and our Home Equity Line of Credit products have different repayment options to fit your budget. Contact our loan specialists at (800) 283-2328, ext. 6040 or visit www.members1st.org > Products & Services > Loans > Home Equity Loans & Lines of Credit for details.

If you are a business owner, we have a number of business loan programs available for capital purchases or line of credit products, which can be tailored to suit your business needs. Members 1st participates in the SBA 504 program, in addition to the US Department of Agriculture’s Business and Industry program. Visit www.members1st.org > Products & Services > Business Services to learn more about how we can help you. You may also contact our business lending experts at (800) 283-2328, ext. 5168.

If you need money, we have money to lend: Signature loans, Fresh Start loans, Share Secured loans, and Recreational Vehicle financing to name just a few. In addition, along with many of our lending products we offer our Member Value Protection coverage, which offers low cost debt protection in case of death, disability or unemployment. We are your one stop shop for all of your borrowing needs throughout your life. Stop by your nearest branch or visit us at www. members1st.org.

Buying vs. Renting – What’s better?


What’s the best bang for your hard earned bucks? Buying or renting?

1st time home buyer

Both have merit depending upon your individual situation. We’re all seeking a comfortable, safe place to call home and it can be difficult to determine whether it’s best to rent or buy a home. Here are a few things to keep in mind when you’re faced with making that important decision:

Realities of owning your own home:

  • You feel pride of ownership
  • You build equity in your home
  • You have a sense of community, stability and security
  • You’re free to change the decor and landscaping
  • Sometimes you must pay a neighborhood or association fee
  • You’re not dependent on a landlord to maintain your property
  • There is less mobility than renting since you can’t mnove immediately until you sell your home
  • You’re resonsible for property taxes
  • You may receive tax incentives
  • You must mow the loan, clean the gutters, rake the leaves, and remove snow

Realities of renting:

  • You have little to no responsibility for maintenance
  • It’s easier to move, depending upon your lease term
  • You can start investing now since you don’t have to save for a down payment
  • If your rent is low enough, renting could be a better investment than buying a house. You could invest monthly savings in long-term certificates or other savings vehicles.
  • There are no tax breaks
  • You do not earn equity
  • You have no control over rent increases or if the landlord sells the property

If you are thinking of purchasing a new home, meet with one of our Mortgage Specialists. They’ll help you get an idea of how much home you can realistically afford and the types of financing available. It’s also a smart idea to get pre-qualified for a mortgage before you start your home search. Call us at (800) 283-2328, ext. 6026 from 8:30 a.m. to 5 p.m., Monday through Friday.

For more tips on buying vs. renting, click here.

Building a new home? Learn about Construction Loans


Why have a house that’s like everyone else’s when you can build your own? Not sure where to begin? That’s why attending our free Home Construction Loans seminar may prove helpful to you. To learn more about the entire home construction loan process, join us for the following:

What: Home Construction Loan Seminar

When: Wednesday, October 17

Time: 6 to 8 pm

Where: Members 1st Federal Credit Union’s Administrative Headquarters, 5000 Louise Drive, Mechanicsburg (located in the Rossmoyne Business Center off of Rt. 15).

Presenter will discuss what you need to do in order to get a home construction loan.

Reserve your seat: (800) 283-2328, ext. 6026

We hope to see you there. And be sure to check out our mortgage rates!

Looking to Buy A Home?


Not quite sure about the ins and outs of buying a home? Why not attend our free Home Buyers Seminar? Seminar details are as follows:

When: Wednesday, October 10

Time: 6 to 8 pm

Where: Members 1st Federal Credit Union’s Administrative Headquarters, 5000 Louise Drive, Mechanicsburg (located in the Rossmoyne Business Center off of Rt. 15).

Presenter will discuss the various types of mortgages available.

Reserve your seat: (800) 283-2328, ext. 6026

We hope to see you there. And be sure to check out our mortgage rates!

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