One of our long-time members needed some cash to cover storm repairs on her home. Not a problem. While processing her loan we asked permission to check her personal finances to see if we could find any “Buried Treasure.” She said OK and our loan officer went to work. Boy, did she.
By the time she was done she’d saved our long-time member over $650 a month in reduced payments. Here’s how she did it:
- Paid off the existing higher-interest rate home mortgage and replaced it with a lower-interest rate Creighton Federal mortgage with nearly the same payoff date.
- Paid off an existing high-interest rate credit card balance, consolidating it with the lower-interest rate Creighton Federal loan for home repairs.
- Paid off, then replaced two higher-interest rate car loans with lower-interest rate Creighton Federal vehicle loans.
Our member was dumbfounded. She hadn’t even asked us to look. She didn’t have to. We do it all the time.
Stay in touch,