A Home Equity Loan leverages the equity you’ve built in your home to get access to funds at a lower rate than other loan types. A Home Equity Loan is a closed-end loan, meaning you get a lump sum and repay it with interest over a specified term.
So, what should you do with your time now that you don’t have to go to the branch to pay your loan? Here are 7 ideas:
Thinking about a new or “new to you” car? Having a reliable set of wheels is a crucial part of our daily lives, but it’s also a big financial decision that will likely impact your budget for the next several years. You know you’ll need to protect your ride with car insurance, and maybe even get a AAA membership, but are you aware of these programs that give you financial peace of mind?
Buying a new (or new to you) car is exciting, but can also be a stressful experience. A car is a big purchase, and you’ll be handling your new ride for years to come — so you want to be sure you’re making an informed decision.
Your HELOC provides more flexibility to support your goals than other loan options due to the low adjustable rate, no minimum advance requirements, no prepayment penalty, and flexible repayment terms — during the initial 10-year draw period your minimum payments are interest-only, followed by a 15-year repayment period to cover any outstanding balance.*
A signature loan gives you quick access to cash and the rates are competitive. Plus, the payments are the same each month, so you know exactly when the debt will be paid off and the total cost of the loan. But when should you consider a signature loan over something else?
Find tips for navigating Online Banking, applying for a consumer loan, and more
Which do you prefer to use at checkout, cash or card? Here are some benefits of using your debit or credit card instead:
Last week, Wells Fargo announced they are discontinuing the personal line of credit and will be closing any existing credit lines — which may negatively impact the credit scores of affected customers. A line of credit is an unsecured revolving loan that offers the flexibility to borrow money at any time after it’s opened, commonly used for debt consolidation, home improvement projects, emergency cash flow, or for peace of mind.
Making deposits is easier than ever, with 5 ways to fund your account while skipping a branch visit. 1. Make a Mobile Deposit:
We are excited to announce that Melinda Bagby has joined SESLOC as Senior Member Business Loan Officer. In this role, Melinda is responsible for initiating new business growth and overseeing business member relationships, with a focus on Santa Maria and Northern Santa Barbara County, plus the five cities area of San Luis Obispo County.
We’ve asked our incredible staff to nominate their favorite 501-(c)(3)-designated organizations. Here are the eight groups we’ve selected for August:
We’ve asked our incredible staff to nominate their favorite 501-(c)(3)-designated organizations. Here are the eight groups we’ve selected for July:
As we celebrate our 80th anniversary, we’re building a more sustainable community for the next 80 years by doing 80 local acts that have a global impact.
As we celebrate our 80th anniversary, we’re building a more sustainable community for the next 80 years by doing 80 local acts that have a global impact.
