Second Mortgage Special
Funny how some things can quickly become a tradition, like our annual second mortgage special. Well, we sure don’t want to break tradition so yes, we are having a special on second mortgages again this year. It is going right now.
During the months of March through May 2010 the credit union is absorbing most of the normal costs of second mortgage loan origination on applications received or loans closed through the period of the special.
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Home Improvements Picking Up
For the first time in several years, more homeowners will take on remodeling projects in 2010, ending a steady decline that began in mid-2007 and saw a 30% drop in home improvement activity.
It appears we may be near the bottom of the current remodeling cycle according to research by the Joint Center for Housing Studies of Harvard University.
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Credit Cards:
Look Out for What Isn’t in the New Law
A big news story on February 22 was the new credit card law going into effect. With it, many commonplace abusive credit card practices became illegal. While not all-inclusive, some of the new provisions are:
- Prohibiting certain rate increases and requiring a 45-day notice for other rate changes;
- Banning universal default (increasing a rate because a consumer was late on a payment on another card);
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Invest In America
There’s never been a better time for Four Points members to Invest in America. That’s why credit unions across America have teamed up with U.S. automakers to offer members special discounts on new vehicles.
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