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Freedom First Credit Union

Freedom First Credit Union
Where People Bank For Good. Serving the Roanoke and New River Valleys since 1956.
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Recent Posts

Freedom First Credit Union HELOC vs Home Equity Loan

After you’ve decided to draw on your home equity, you might think the hard choices are over. After all, you’ve taken the plunge, right? Unfortunately, that’s not the case. In this post, we'll walk through the process of choosing the right home equity loan for you.


Freedom First Credit Union What is a HELOC?

If you’re like most people, your home is the largest part of your net worth, and whether you realize it or not, it’s also a financial safety net. Learn how a Home Equity Line of Credit (HELOC) can put your money to good use, either to increase your wealth or to pay for the kind of large expense you’ve been preparing for since the day you signed your mortgage papers.


Freedom First Credit Union Taking Steps Toward Financial Improvement for the New Year

Q: I’d like to focus on improving my finances in 2020, but there are so many areas that need attention. Where do I start?

A: The start of a new year is a wonderful time to make important changes in your financial life. Lucky for you, you don’t have to go it alone. Freedom First will walk you through some financial improvements you can make this year and continue to guide you every step of the way.

We’ve broken down some of the most popular financial resolutions into concrete steps and outlined the ways Freedom First can help you implement each change into your life.


Freedom First Credit Union How Can I Make New Year's Resolutions That Stick?

Q: Every December, I draw up a list of New Year’s resolutions that look depressingly similar to the ones I wrote last year. How can I make things different this year?
 
A: It’s fairly easy to dream of change, but it’s another thing entirely to actually make it happen. In fact, research shows that only 8 percent of people achieve their annual resolutions. However, with careful planning and the right approach, it's doable.
 
Whether your resolutions are about getting into shape, taking control of your finances or being a kinder person, you can reach your goals in 2020. Here are some tips on making change last.

Freedom First Credit Union How to Recognize and Protect Yourself from Scams

Scammers are always trying to con victims out of their information and money. They are, unfortunately, often successful. Scammers are expert impersonators, using sophisticated technology and their best acting skills to convince you they represent a business, institution or government agency you may trust. They also tend to prey on the most susceptible victims, including those who are down on their luck or are exceptionally naïve and trusting.

Here at Freedom First, our biggest priority is your financial wellness, and that includes keeping you and your money safe. To help you achieve it, we’ve put together this guide about recognizing the signs of fraud and protecting yourself from scams.


Freedom First Credit Union Financial Preparation for 2020

The new year is almost here. Are you ready?

Remember the Boy Scout motto: Be prepared! A brand-new year, always ripe with resolutions, is the perfect time to reassess your financial attitude, improve, and vow to do more.

“It’s a time of planning for going forward,” says Sallie Krawcheck, co-founder of Ellevest. “We see a lot of people, often over the Christmas holiday, but certainly in the new year, taking stock of where they are on their personal finances and investments.”

Have you taken any steps to prepare for the financial realities of the coming year?

Here are some tips to get you started.


Freedom First Credit Union Thanksgiving Hacks to Save Time, Stress, and Money

Thanksgiving prep stressing you out? Wondering how you’re going to get everything done in time for the big day and stick to your budget at the same time?

We’re here to help! Whether you’re traveling home for the holiday or hosting a houseful of guests, we’ve got you covered. Freedom First is proud to present 15 clever Thanksgiving hacks to save you time, stress and money as you prepare for Turkey Day.


Freedom First Credit Union Should I Refinance My Home Mortgage?

Q: Many of my friends have refinanced their mortgage recently, and they’re urging me to do the same thing. Money is always a bit tight, and the thought of an extra few hundred dollars a month is very tempting. Should I refinance?

A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out another mortgage, usually at a lower interest rate. It may sound like a no-brainer, but there are lots of factors to consider before deciding to refinance.


Freedom First Credit Union Should I Refinance Before I Retire?

Q: I’m in my mid-50s and I’m preparing to retire sometime down the line. I’m wondering if I should refinance my mortgage as part of my retirement planning. Is that a good idea?

A: Refinancing your existing mortgage can have a large impact on your financial health, for better or for worse. Be sure to consider all angles before deciding if a pre-retirement refinance is right for you.


Freedom First Credit Union Mortgage Rates Are Dropping; Should I Refinance?

Q: I’ve heard that mortgage rates have dropped dramatically since the start of 2019. Should I refinance my mortgage loan to take advantage of these lower rates?

A: Refinancing a mortgage is essentially paying off the remaining balance on an existing home loan and then taking out a new mortgage loan, often at a lower interest rate. It may sound like a no-brainer, but there are many factors to consider before moving forward with a refinance.


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