10 Myths about Credit Unions

October 15, 2020

How many of these myths about credit unions do you think are fact? Learn why your local credit union is a lot more than you think, and why it can be a much more sensible choice than a conventional bank for your saving and borrowing needs.
 

5 Steps to Take After Being Hacked

October 13, 2020

Uh oh — you’ve been hacked! Finding out someone has cracked open your accounts and helped themselves to your information can be alarming, but there are ways to mitigate the damage while jump-starting your recovery process. Read about the five steps to take after being hacked.
 

How to Use a Home Equity Loan

October 6, 2020

Q: With interest rates falling and home prices rising, it seems like a great time to tap into my home’s equity using a home equity loan. What’s the best way to use these funds?
 
A: A home equity loan, or a HEL, can be a fantastic way to source extra funds during a falling-rates environment. Tapping into your home’s equity, or the positive difference between what is owed on a home and its current value, will give you the funds you need for a large expense with no additional strings attached.

With interest rates on a Cornerstone CU Home Equity Loan as low as 2.25%APR*, the repayment plan is always affordable. If approved, you’ll receive the funds in one lump sum within a few days. There are no restrictions on how to use these funds, but since you’re essentially risking the loss of your home with this loan, it’s important to choose wisely when deciding how to use the funds.

Here are four forward-thinking uses for a home equity loan: