Continue reading 7 Common Uses for Your Home Equity Line of Credit

Homeowners who have equity in their home can use it as revolving credit and borrow against it when they use a Home Equity Line of Credit, otherwise referred to as a HELOC. It’s easy to get a HELOC and can come in handy when you need quick access to funds at a favorable interest rate.

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Continue reading How to Buy and Sell a House at the Same Time
Savings, Lending

How to Buy and Sell a House at the Same Time

August 11, 2021 Arbor Financial Credit Union

If you must sell your current home first, your dream home could be off the market by the time you’re ready to buy. If you buy your dream home before selling your current home, you may be making two mortgage payments each month. What do you do? If you’re like most people, you probably don’t want to have two mortgage payments. This is where a bridge loan from Arbor Financial Credit Union could make sense for you. 

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Continue reading Six Budget-Friendly Vacation Destinations in Michigan
Summer is a time where people’s imaginations whirl with vacation plans and excitement. However, you don’t have to travel far, or spend a lot, to have the best vacation ever. Our home state is surrounded by beautiful forests, beaches, and a ton of culture, all for a great price; making Michigan the perfect travel destination.

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Continue reading The Impact of Stimulus Payments on Your Taxes
Savings, Taxes

The Impact of Stimulus Payments on Your Taxes

February 9, 2021 Arbor Financial Credit Union
What a year 2020 has been! New Year’s celebrations were barely over when the coronavirus turned things topsy-turvy. But one bright spot for 159 million people was the $1,200 Economic Impact Payment that appeared in their mailbox or checking account. If you didn’t receive a payment, you may be wondering, why? And if you did, you may be wondering, what’s the catch? We are here to help put your mind at ease, so let’s tackle your questions, one by one.

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Continue reading When and Why You Should Refinance Your Home
If mortgage rates nearing historic lows have you thinking about refinancing your home, you are not alone. In just the first nine months of 2020, more than 6 million homeowners refinanced, according to NerdWallet1. By saving homeowners thousands of dollars or allowing them to tap into equity, it is to no surprise that we are experiencing such an influx of refinances. Before you make the move, it is important to have a goal in mind, to compare your current terms with today’s rates, and to weigh out the costs and benefits.

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