Story By Class Act Federal Credit Union
From Yvonne Overstreet, Mortgage Lending Manager at Class Act Federal Credit Union
1. You can refinance your home to pay for other expenses and save interest.
Refinancing your mortgage is a creative way you can use home equity to finance things such as home improvement, debt consolidation, vacations, weddings or excessive debt. There is a cost associated with refinancing a home; therefore, Class Act will calculate the costs versus benefits of refinancing and determine the most financially beneficial way to move forward.
2. Don’t be discouraged if your credit scores are low.
Low credit score? No worries! While most financial institutions turn people with bad credit away, Class Act educates you on how you can improve your credit by conducting a credit analysis, where we identify opportunities to increase your score. After the member has completed the suggested action items, they are encouraged to return to have a reassessment of their credit report.
3. Take advantage of the benefits Class Act offers.
Class Act’s rates and fees are extremely competitive. Class Act is not-for-profit, and profits are poured back into the credit union to benefit members. Our focus is giving every member individual attention. Members can text, email, call or meet face-to-face to discuss all of their financial needs. Class Act also holds and services many of the home loans.
4. Don’t let intimidation hold you back.
Because Class Act is an education-focused credit union – and we understand that most people don’t know the ins and outs of the mortgage process – a mortgage professional will thoroughly explain and walk you through the entire process. Whether you are purchasing, refinancing or repairing credit, we are here to help.
Visit classact.org or call or text 502.964.7575 to see how you can become a member today!