Live Well. Below Your Means.

How to borrow intelligently

When considering a loan, borrowing wisely is comprised of three different facets:

1. Deciding if you really need to borrow the money in the first place
2. Finding the best rates available, and
3. Knowing the definitions and advantages of the different loan options.

To qualify for the best loan rate, it’s also important to make sure your credit rating is in good order. Take the time to review your reports and challenge discrepancies. Anything that can affect your credit rating will also affect your ability to get good loan rates.

Once your credit rating is in order, DOCFCU can provide the best rates and financial expertise to help you decide which loan is best for you.

For additional information on our loan products, visit www.docfcu.org.

Links

Thinking about using your home for a loan? BorrowSmart is a Public Education Foundation created to educate homeowners about the home equity borrowing process.

You can get a free copy of your credit report annually from www.annualcreditreport.com. This provides you with credit reports from the three credit rating agencies: Equifax, TransUnion and Experian.

MyMoney.gov is the U.S. government's website dedicated to teaching all Americans the basics about financial education.

Thoughts, Questions, Comments?

Do you have a question you need answered, something you would like to share, or would you just like to say hello? Feel free to send us an email; we will get back to you right away!