A Mini-Guide to Refinancing Auto Loans

Refinancing your vehicle means taking on a new loan to pay off the balance on your existing auto loan, which can lead to significant savings in the long run.   Here at Carolinas Telco Federal Credit Union (CTFCU), we aim to empower members with the knowledge they need to make intelligent decisions that enhance their …

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Personal Loan vs Personal Line of Credit

There are many flexible loan options to choose from if you’re looking to pay off high interest debt, finance a home renovation, or have any other need to borrow money. In this blog, we’re going to look at the difference between two popular loan options: Personal Loans and Personal Lines of Credit. What is a …

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How to Identify A Quality Contractor

Home Improvement season is well underway and it’s important to be able to identify a quality contractor. The right home improvement project can help add value to your home and improve quality of life with a more functional space that fits your needs. You want to make sure you have your work taken care of …

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Can you have TMI on PMI?

Here at Carolinas Telco Federal Credit Union, we think the best financial decision is an empowered one, making it impossible to have Too Much Information (TMI) on things that affect your borrowing and finances, like PMI or MIP. So, what is PMI? PMI stands for Private Mortgage Insurance, a type of insurance that protects the …

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The Mythical 20% Rule

A Word of Advice for First-Time Buyers You may have heard about the myth of the 20% for buying homes, but that is all it is: a myth. The myth of the average American placing 20% down on their brand new home stems back to the era directly after the housing crisis when the number …

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Motorcycle Guide: Types of Motorcycles and Financing Blog

  Is the open road calling your name? With beautiful weather and the turning of the leaves fast approaching, purchasing a motorcycle is the perfect choice to get the most out of a scenic drive. When it comes to motorcycles and exploring the open road, you have several options. What are the Different Types of …

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Auto Loans: How do they work and how do I get one?

  So, you want to buy a car but aren’t sure where to start? Well, this guide is for you! An excellent first step is figuring whether you wish to purchase a car, truck, or SUV. Will you be looking to move a lot of cargo? Or maybe you want to take regular road trips, …

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What is a HELOC (Home Equity Line of Credit)?

A Home Equity Line of Credit (HELOC) is a popular way to take advantage of the equity a homeowner has in their house in order to accomplish some financial goals. With interest rates still at historic lows, repayment under this method could be more affordable than other loan types. Let’s take a look at a …

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Fast Payday Loans

  “Fast payday loans,” which are also called “cash advances,” “check advances,” and “post-dated check loans,” are an increasingly popular way to get fast cash. All someone needs in order to obtain a payday loan is proof of employment, a utility bill, a checking account, and a driver’s license. In today’s digital world, you can …

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