Meet the Smart Family

MeetTheSmartFamily_5

Follow one family’s hilarious journey to becoming MoneySmart

Whether you’re a parent, a baby, a teen or anywhere in-between, BeMoneySmart is the perfect way to learn together, as a family, how to save and spend money wisely. Simply visit BeMoneySmart.org, where you can watch the adventures of the Smart family, a series of short, hilarious videos that your whole family will enjoy.

They’re also educational, but don’t worry… we won’t tell your kids if you don’t. It’s all at BeMoneySmart.org right now!

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5 Mortgage Shopping Tips

home

Buying a home is exciting but also stressful.  It requires research, patience, and time to find that perfect home you’ve been dreaming of.  What most people do not understand are the many options they can choose from when it comes to their mortgage loan.  Did you know there are just as many options for a mortgage loan as the houses you will be looking at? Here are 5 mortgage shopping tips you should consider before settling on your mortgage payment:

1. Talk to a mortgage professional

A mortgage professional can help you find the right price for the right home.  Here at Utah Community Credit Union, our mortgage loan officers will determine your price range and see if your credit score is ready for a mortgage and if not, we can help you improve your score and get you in the house that is right for you. Sure, online payment calculators are convenient, but do they tell the whole story?  Often times they leave out property taxes, homeowner’s insurance, HOA fees and other missing expenses.  At UCCU we have home buying experts at all 18 of our branches around Utah, Wasatch, and Juab counties ready to assist and answer all of your home buying questions.  So please come and visit us–it’s a quick and painless process!

2. Find which type of loan is best for you

There are dozens of different mortgage loan options to choose from. That’s why our mortgage professionals are available to help you find the right loan for you.  The three most common types of mortgage loans are:

  • Fixed Rate- Conventional

A fixed rate is exactly what it sounds like – a set interest rate that will not change over the life of the loan, which is usually 15, 20, or – most commonly – 30 years.

  • Adjustable-Rate (ARM) or Variable Rate:

Usually offers a lower initial interest rate that will fluctuate over the life of the loan, rising as interest rates rise. Hybrid adjustable-rate programs include fixed rate features  (i.e. 3/1, 5/1,  etc).

  • Federal Housing

Insured by the federal government, FHA loans often qualify buyers more flexibly than traditional fixed loans and only require a 3.5% down payment. Mortgage Insurance is required for all FHA loans.

3. Looking for the right home

Many questions arise when looking for the right home.  Do I need a real estate agent?  What kind of home am I looking for? Single family home? Condominium? Townhouse?  Having the right information is essential when purchasing your new home. That’s why at UCCU we can answer all of your questions and get you the help you need.

4. Avoid timing the market

You have finally found the right home, at the right price, in the right location.  Don’t hesitate, go for it! Many people often feel they need to chase a mortgage rate that is just a little better.  Mortgage rates are unpredictable, so if it’s the right place at the right time, why wait?

5. Closing your loan

So you have finally found the right home at the right price with the right loan.  Great!  The last step is closing your loan. Gathering all of your loan documents for final approval can be overwhelming, but don’t worry, our home buying experts will be there every step of the way. Our experts will guide you through everything from ordering a home appraisal, to locking your interest rate, and getting final approval for your underwriter.

Now you are ready to buy a home, congratulations!  It may seem like a complicated process, but at Utah Community Credit Union we can help you relax.

Visit our website UCCUrelax.com for videos, mortgage information, and steps to follow for the ideal home buying experience.

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Money Made Easy – Free Classes

Looking for a fun and engaging way to teach your family, church, school, civic, or scout group about money? Money Made Easy classes make it easy to learn important financial principles through a series of interactive lessons and hands-on activities.

UCCU in Partnership with the Money Made Easy class is passionate about supporting financial education from children to adults. It is vitally important to start young when teaching your children about financial literacy.That’s why UCCU is proud to sponsor the Money Made Easy class. Call Tom Painter at (801) 235-9100 to schedule your FREE class. Visit MoneyMadeEasy.com for more details.

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President's Message March 2015

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Buyer Relax We are all familiar with the phrase: buyer beware, but at UCCU we want you to be informed and confident when making big purchases. Last year the credit union provided a website with 10 of the best tips to … Continue reading

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President's Message January 2015

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As 2015 gets underway we note the relatively strong local economy. Unemployment is low, job creation is positive, population growth is strong, and consumer confidence continues to rise. Of course, our local economy is still impacted by the national and … Continue reading

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Be Money Smart Video

For kids, teens and in-betweens, UCCU’s BeMoneySmart banking program is an easy way to ensure kids and parents have a plan for financial success. Our BeMoneySmartRoadmap is an interactive tool that allows kids of all ages to learn the importance of financial responsibility. Each step in your child’s financial journey is different. That’s why our BeMoneySmart program adjusts as your child’s financial needs do.

Watch our newest BeMoneySmart video and learn more ways that you can help your children achieve financial success. Our goal is to give you the tools to successfully help you and your child plan for the future.

Visit bemoneysmart.org for more information about our money saving program especially designed for children ages 0-15 years.

 

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UCCU's BeMoneySmart Road Map

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For kids, teens and in-betweens, UCCU’s BeMoneySmart banking program is an easy way to ensure kids and parents have a plan for financial success. Our BeMoneySmart Roadmap is an interactive tool that allows kids of all ages to learn the … Continue reading

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BeMoneySmart Program at UCCU

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Since its initial launch, UCCU’s BeMoneySmart program has been a success in teaching kids how to manage money wisely. With the new re-launch of the program, our goal is continue teaching kids wise saving and spending habits to teach them … Continue reading

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The 2013 Family Festival

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The second annual Family Festival, held this past month, has been a huge success! We are so glad everyone came to enjoy fun and learning with us. Held again at the UCCU Center at Utah Valley University, the Family Festival … Continue reading

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