If you have a smartphone or tablet, you definitely have a collection of apps installed for your convenience and entertainment. An app or “application” is a useful and specific program that helps us perform a task. Apps are great. The right app can make life easier and a lot more fun, however, the wrong app can ruin your electronic device and steal your personal information without your knowledge.
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CardNav by CO-OP
New security and control for cardholders.
Introducing unprecedented, real-time control over your cards through your smartphone or tablet.
CardNav℠ adds another level of security to your cards by letting you decide how and when they can be used, and alerting you when any types of transactions you specify take place. You can even use CardNav to set personal spending limits that help you stay within your budget goals.
Topics: Security CardNav
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Saving Up a Down Payment
Tips for Saving up a Down Payment for a Home
As you’re doing your research into what it takes to become a successful homebuyer, you’re likely starting to realize how big of an impact the down payment has on the home loan process. In addition to the down payment, you also have to consider closing costs and other fees you may not have anticipated. To bring yourself a few steps closer to your dream of becoming a homeowner, check out some tips for saving up your down payment.
Open a Down Payment Savings Account
Start a savings account with Wasatch Peaks Credit Union specifically for your down payment. Opening an account at Wasatch Peaks makes it easier for you to transfer funds back and forth from your checking account. Having a separate account for your down payment also means there’s less chance of you accidentally spending the money in that account.
Start a Budget
If you don’t already have a budget, now is a great time to change that. Budgeting lets you know how much money you make in a month and how you’re spending that income. Once you make a spreadsheet of your income and expenses, try to see if there are any areas where you can tighten up your spending so you have more money to funnel into your down payment account.
Check Out Your Interest Rates
Before you start applying for easy home loans, take a look at your current interest rates for your credit cards, car payment and other banking accounts. If you make on-time and complete payments, call up your credit company or lender and see if there’s any way they’d be willing to lower your interest rate. You can also see if you can refinance your auto loan to a lower interest rate. The money you save can be used to build your down payment.
Saving up your down payment doesn’t have to be a complicated task. Use these tips and other smart saving methods to reduce the cost of your home loan.
