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. Take a moment and ask yourself the following questions:

Do I have an adjustable rate mortgage?

Do I have a fixed rate mortgage with an interest rate higher than 6.00%?

Has my home become unaffordable?

Am I struggling to pay other bills because my mortgage payment has increased?

Have I lost track of the current market value of my home?

Are my monthly home loan and credit card payments causing me concern?

Am I concerned about being able to afford to buy a home?

If you can answer yes to even one of these questions, then you should be calling Space Coast Credit Union right now. Experienced employees, who live in this area and are facing the same economic challenges as our members, are available to discuss your concerns and help you with products and services that can help make home ownership achievable and affordable.

Affordability is truly what matters to our members right now, and Space Coast Credit Union is fully prepared to help. We have developed first mortgage products that can either make you a new homeowner, help you to upgrade from your current home, or make the home you own today more affordable.

Many lenders are unable to offer Space Coast Credit Union’s broad line of affordability products, such as the Home Loan Payment Relief Loan (HLPR) or a 100% mortgage loan. Each of these products aims to help responsible members purchase a new home, regardless of income level.

We also haven’t forgotten about our members that need to refinance their first mortgage in order to lower their monthly costs. Our Cost Cutter and standard fixed and adjustable rate mortgage products will help make homeownership more affordable within just a few days!

Every member deserves the opportunity to see how being a member of Space Coast Credit Union can provide true personal benefits, so we make it very easy to get mortgage information by phone, online, or by meeting with a loan officer.

Americans today are rightfully concerned about the stability of their financial future, and the need to turn to a trusted financial provider is greater than ever. Space Coast Credit Union has demonstrated for 56 years that we exist solely to meet the needs of our members. We provide true value with your best interest in mind for all the financial products and services you need to run your household.

Call us – we are ready to help.

Tanya Boggs
Senior Vice President, Mortgage and Business Services

Click here to read the March issue of Connections