Savings Tips

Subject: 7 Easy Tips...

Did you know that the Personal Savings Rate in 2009 is at the highest point of the decade?

Clearly, people are more aware of being ready for "a rainy day" than ever. Here are seven easy ways to grow your savings:

1) Establish an emergency savings account. A good rule of thumb is to set aside money equal to two or more month's worth of expenses.

2) Save money for your long-term goals.

3) Make savings automatic.

4) Start small, if necessary. Something IS better than nothing.

5) Comparison shop for the best rate.

6) Turn a payment into savings. If you've recently paid off a credit card or loan, add that payment to a monthly savings account.

7) Save your windfall! Don't spend money you weren't planning (or expecting) on having.

Tips For A Smooth Loan Approval

Here is a list of helpful tips to ensure an effortless loan process.
These DO’s and DON’Ts will help avoid any delays with your loan approval

- DO continue making your mortgage or rent payments
- DO stay current on all existing accounts
- DO keep working at your current employer
- DO keep your same insurance company
- DO continue living at your current residence
- DO continue to use your credit as normal
- DO call us if you have any questions
- DON’T make a major purchase (car, boat, jewelry, etc.)
- DON’T apply for new credit (even if you seem pre-approved)
- DON’T transfer any balances from one account to another
- DON’T pay off charge offs without a discussion with us first
- DON’T pay off collections without a discussion with us first
- DON’T buy any furniture
- DON’T close any credit card accounts
- DON’T change bank accounts
- DON’T max out or over-charge on your credit card accounts
- DON’T consolidate your debt onto 1 or 2 credit cards
- DON’T take out a new loan
- DON’T start any home improvement projects
- DON’T finance any elective medical procedure
- DON’T open a new cellular phone account
- DON’T join a new fitness club
- DON’T pay off any loans or credit cards without a discussion with a good lender