A Message From Tanya R. Boggs
Senior Vice President,
Mortgage & Business Services
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It seems that each day we are hit with the relentless reporting of gloomy economic news. With a sluggish economy, market volatility, and housing depreciation, you may be concerned about how your finances are being impacted, and what you should be doing about it.
Now is a very good time to step back and consider your financial situation, and what steps you can take to improve it. For most of us, our mortgage is the single largest payment in our household. It may be time to make some changes to the home loan (or loans) that made sense at one time, but are not working well for you now. With your credit union at your side, this is not as difficult or time-consuming as you might think.
To read the full article, visit SCCU.com: |
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Come Here First: Auto Loans
“Thumbs up! Fast, efficient, easy, friendly, and successful transaction. Great rates. Thanks very much.” Marilyn B., February 8, 2008 after financing her car at SCCU.
When you Come Here First for your car, truck or boat loan, we will make sure you never overpay for your loan. It’s our goal to help you get the most value with every account, loan and transaction you have with SCCU.
Call us when you’re in the market for your next vehicle. It only takes 10 minutes to get pre-approved for your loan. And remember, if you forget to call us first, just ask for SCCU financing right at the dealership. You’ll get the same great rate whether you call to get pre-approved or finance at the dealer. Visit sccu.com/autoloans for more information. |
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Attend one of the many complimentary Financial Workshops offered by our team of educated, knowledgeable and caring professionals. Take advantage of this valuable member benefit and meet with your CFS* Financial Services representative this month.
Investments and investment advisory services offered through CUSO Financial Services, L.P. (CFS) an independent broker-dealer and SEC Registered Investment Advisor are not NCUA/NCUSIF insured, are not credit union guaranteed and may lose value. Space Coast Credit Union is in partnership with CFS. Financial Advisors are employees of Space Coast Credit Union and registered through CFS. (Member FINRA/SIPC). |
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Why Now Really is the Best Time to Buy
It’s a mixed bag of messages out there, isn’t it? One news outlet touts the headline “Why you’ll never own a home” while another leads with the announcement that the Feds have cut rates…again. So which one is it? Can a first time homebuyer afford to own a home in today’s volatile real estate market?
Yes. Rates really are low. Choices are plentiful. And buyers with good credit (not just those with great credit), a stable work history, and the perseverance needed to tour the number of homes currently on the market can walk away with a mortgage deal that benefits them for 5, 15, and even 40 years to come.
Space Coast Credit Union offers a
number of programs for First Time Homebuyers, including our
“$0 Down” and “HLPR” Programs.
Through a consultation with one of our award-winning Mortgage Loan Officers, members with more moderate incomes and less available money for down payments can turn the current market to their advantage. Serving members of every means is an important part of being a community-based cooperative. SCCU can’t make the cost of a home go down, but we can find a mortgage that keeps monthly payments within your budget. If you are looking to buy your first home, or you know someone who is, contact us today.
SCCU $0 Down Program
- No down payment!*
- Up to 100% financing
- Fixed rate or adjustable
- No income restrictions
- For homebuyers with good credit,
stable income, but little savings
SCCU HLPR Program
- Up to 97% financing
- 1% rate discount
- Fixed rate
- For homebuyers with low or
moderate incomess
*Member responsible for funds needed for closing costs and pre-paid escrow
^ These loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio (95% LTV = 5% down payment). Loans exceeding 80% of the appraised value of the home require private mortgage insurance |
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Need Help with Managing Your Taxes?
Unfortunately, the IRS doesn’t participate in the Member Discount Program. But, there are other ways SCCU can help you manage your taxes!
Owe money now?
We offer several options for short-term financing. Speak to an Express Services Associate for help in selecting a solution that’s right for you.
IRA Accounts
Speak to your tax advisor to find out if an IRA contribution can lower your tax payment.* It takes only minutes to open an IRA savings or IRA CD account at any branch.
Plan Ahead
Open a My Way Savings account and name it “Taxes.” Put a little aside with every paycheck or commission payment. Open in minutes online with NO opening deposit. Available for business accounts!
Free Tax Service for SCCU Members
AARP will provide free tax preparation and electronic filing for SCCU members.
When: Every Tuesday and Thursday,
from 9 a.m. to 1 p.m., through April 15
Where: Indian Harbour Beach Branch,
2100 Hwy A1A |
*Not intended as tax advice. Please consult a tax professional.
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