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Summer 2009
Feel at home with Christian Community Credit Union’s affordable mortgage loans! Whether it’s purchasing a new home, refinancing or looking for a lower rate, our experienced lending team can find the loan that’s right for you! Apply online or call 800.347.CCCU ext. 4502. APR = Annual Percentage Rate. Mortgage Loan rates and terms effective 06/09/09 and are subject to change without notice. For refinance loans with cash out, the maximum loan-to-value ratio is 75%. The “as low as” rate is our 7 year reprice/call option with 2 points and is subject to increase or decrease. All rates apply to single family dwellings that are owner occupied. Closing cost associated with this loan. In our effort to fulfill the vision of making a positive difference, Christian Community Credit Union is committed to provide you outstanding member service with these new service standards: A higher education opens the doors to lifelong personal and professional relationships. And it’s a worthy investment. But your ability to afford it may be your greatest financial worry. In recent years, tuition has steadily increased. When you factor in the number of years until your children are in college, the figures can be daunting. Although the number may seem frightening, the situation isn’t hopeless. If your children are young, time is on your side. If not, don’t despair. It’s never too late to begin. Saving for your child’s higher education is easier with the Wealth Solutions Group. Our financial professionals have access to the latest information and resources to help you address your concerns over rising tuition costs. Contact the Wealth Solutions Group today! Call 800.347.CCCU ext. 6127. Securities offered through Financial Network Investment Corporation, a registered broker/dealer and member of the SIPC. Investments are NOT NCUSIF or NCUA insured. May lose value. NOT a deposit. No Credit Union guarantee. NOT insured by any federal government agency. Financial Network is not affiliated with Christian Community Credit Union and is located at 101 S. Barranca Ave., Covina, CA 91723, 800.347.CCCU ext. 6127. Your Money is Safe, Sound and Invested in a God-Honoring Way Christian Community Credit Union has partnered with Mission Aviation Fellowship (MAF) to offer you another choice of a missions-giving card—the MAF Platinum Rewards Visa. With the MAF Platinum Rewards Visa, you’ll enjoy the same rate and reward benefits as your current “Card that Gives to Missions.” What’s the difference? The Credit Union will donate specifically to MAF every time you use your MAF card for purchases. And, your card will have a new look reminding you of your support to MAF. For more information about MAF, visit maf.org. To switch to the MAF Platinum Rewards Visa, call 800.347.CCCU. Christian Community Credit Union’s “Focused on the Future” Scholarship Program awarded $45,000 in scholarships in 2009. The “Focused on the Future” Scholarship Program is offered early spring and awarded in June. Scholarships are available for undergraduate to post-graduate students. The money you deposit into your accounts helps provide affordable financing to churches for building or expanding worship facilities or purchasing property. These loans make it possible for them to better serve their members and communities. Your deposits at the Credit Union make it possible for us to fund these Kingdom-building projects: “The best place to go to for a church loan is a lender that holds and believes in the written Word of God and its principles for advancing the Kingdom of God. Everyone was friendly, compassionate and cooperative with our needs. I highly recommend Christian Community Credit Union to any church that is seeking a loan or other financial needs.” “Christian Community Credit Union was so gracious in working with us to obtain a loan for our new Family Life Center. Our construction has begun and the Credit Union is working well with us to make all of this a reality for our church. God is good and we are thankful that He opened the door and the Credit Union was willing to help.” Save for down payment and other home-related costs. Make saving a regular habit. The earlier you start, the more cash you will have for a home. Build credit score. Many lenders require a score of at least 620 to get a mortgage and those with scores above 720 usually get the best interest rates. If you had credit problems in the past, making payments on time in the future, lowering your balances and paying off collection accounts can boost your score and make it easier to get a mortgage. Get pre-approved for loan. While you can apply for a mortgage after you make an offer on a house, consider getting pre-approved for one beforehand. Being pre-approved helps you determine what you can afford and strengthens your offer. Search for and choose a property. Think about what features you want in a house and keep your budget in mind. A real estate agent can be a valuable asset in your home search. Once you find the home you want, you can make an offer. Enter the pre-closing period. If your offer is accepted, you can have a home inspection done and notify your lender that you found a home. Make sure to remain in contact with your lender and promptly provide them with anything they need. Attend closing. Closing is the day that the mortgage is finalized and the title of the home is transferred to you. There is a lot of paperwork to sign, but take the time to read and understand everything. You do not need to go through the process alone. As a benefit of your Credit Union membership, you have access to BALANCE, a free financial education and counseling service. Their certified counselors can answer your questions, review your credit report and help you create a budget. You can also visit their Web site for homeownership articles and mortgage calculators. Call 888.456.2227 or visit www.balancepro.net/partners/cccu for details. “Every good and perfect gift is from above, coming down from the Father |
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