Posts by Adam
How Does Getting a Home Equity Loan Work
Maybe you have some major home renovation projects on tap this spring now that the weather is improving. Perhaps you’re wanting to pay for your child’s upcoming college tuition. With summer vacation on the horizon, this could be an opportune time to consolidate your debt. No matter which of these options pertains to you, getting…
Read MoreWhat Credit Score is Needed for a Mortgage Loan?
Do you want to be among the approximately 65 percent of people in the U.S. who are homeowners? More than half of your fellow California citizens own a home. There are numerous benefits to homeownership. Among the advantages are these: Building Equity — Equity is the amount of value you have in a given asset. …
Read MoreMessage to our members
In light of recent events concerning large banking institutions, we want to assure you, our members, that California Community remains financially sound. Our Capital Ratio, the measure of our financial strength, remains above the level required by federal regulators to be “well capitalized”. Your shares with CACCU are insured at $500,000.00. The National Credit Union…
Read MoreWhat is a Personal Loan Used For?
If you find yourself needing to take out a personal loan, you’re not alone. More than 22 million Americans have a personal loan as of the third quarter of 2022, an increase from 19.9 million people in late 2021. Personal loans are the fastest-growing debt category, according to a 2019 Experian study. The largest portion…
Read MoreCan You Spend a Personal Loan on Anything?
A personal loan can come in handy for many different reasons. You may need to pay for a home repair, or consolidate your debt, etc. And applying for a loan is often a more practical way to access funds in a hurry than simply saving money over a protracted period of time. A personal loan…
Read MoreCar Loan Rules
What are the rules for car loans? The most fun and exciting part of purchasing a new or used car is the time leading up to the buying as you ponder which vehicle you’ll want. You give lots of thought to the design, the aerodynamics, the color, roominess, and the horsepower. You’ll also think about…
Read MoreHow Do Auto Loans Work?
If you are like many other car buyers, you will probably be planning to apply for a loan. Auto loans are almost the only way to be able to afford to purchase a car these days, as vehicle costs have soared in the past few years. For example, the average price for a new vehicle…
Read MoreRecession Ahead
Q: How can I prepare for a recession? A: Taking steps to improve your financial health in case of a recession is a smart move. Here’s how to prepare yourself and your finances. Take stock of your financial reality Before you actually make any financial changes, ask yourself these questions: What’s the total of my monthly income?…
Read MoreInflation at Record Highs
With inflation at record highs, many Americans are finding it difficult to stick to a budget. After all, when groceries have leapt in price and household staples can be double, or even triple, what they cost just a year ago, how can the same amount of money get you through the month? Sticking to a…
Read MoreSaving for Retirement – Little Things Count
Saving for Retirement – Little Things Count People often think it is difficult to save for retirement because of today’s pressing demands. But little things can really count. What if you put some of the money you spend going out to dinner, movies, or impulsive buying towards your retirement savings? It might not seem worthwhile…
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