Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Obtain The Lowest Used Car Loan Rate And Save

5. April 2011 Administrator (0)

For masses who are interested in buying a car, a used hand car can, in most of the cases provides an optimum value for money. Considering that the new cars depreciate in value so quickly, most people are recognizing that the savings they can make if they go with the option of buying a used vehicle. For everybody who is searching for the best value for money when purchasing a motor vehicle, there are chances that one will desire to get his/her finance at the minimal possible interest rate. Acquiring the lowest used car loan rate is not hard these days in Texas. 

Before you start your search for the best rate for used car, it is the perfect idea that you possess some information about the rate of interest prevalent in Texas at that time. These rates will waver and will also impact the lowest used car loan rate that the loan companies and institutions can provide. 

It is also crucial for you to keep in mind that the minimum used car loan rate that you would be able to procure will depend, to a certain degree, on the cities in which you reside. Auto loan interest rates are not consistent across Texas and lenders in some cities like Killeen will of course be ready to provide lower priced loans than in other places. 

Your power to find out the lowest used car loan rate will also depend upon your financial position and credit ranking. Those individuals with a good credit rating will have the ability to obtain the lowest used car loan rate as loan companies will reckon them as less of a risk. In case you have a poor credit rating it is vital that you only compare the loan rate with people (with poor credit) as this will present you with a better idea of corresponding interest rates and assist you in finding the lowest loan rate for your particular situation. 

If acquiring the lowest used car loan rate is essential to you then you should by all odds reach Greater Central Texas Federal Credit Union. You will be surprised to hear about our interest rates which are for sure quite low as compared to the others. So, by coming to us, you can save quite a lot of your hard earned money. Call us today at Phone: 254-690-2274. We are situated in Killeen, Texas.

GCTFCU Blog | Home Loan Tips
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Home Loan Tips

28. October 2017 Administrator Home Loans (0)
Buying a home is indeed a dream come true and the experience is completely surreal. Today, one can take loan and pave their way to home-ownership. However, buying an ideal home involves huge finances that can put a burden on your pocket if not planned well. Here we have listed certain tips which must be considered before taking a loan.

  • Know Your Repaying Capacity – Do not borrow an amount which you cannot repay. Check if you have enough monetary and income sources to make sure you make no defaults on repayment of interest and loan amount.
  • Take Loan From A Credit Union – It is a wise decision to opt for loans from credit unions. To apply for loan, a credit union membership is quintessential. From liberal policies to low interest rates, they offer a wide range of home loan options to their members.
  • Start Saving For The Down Payment – No matter what type or amount of loan you opt for, saving early for the down payment is imperative. Saving and planning for your down payment helps you to take advantage of better options and to meet your financial commitments on time.
  • Avoid Long Term Loans – Longer the period of loan, more the interest rates. To avoid shelling out dollars, it is highly advisable to take loans for a shorter tenure which are affordable and easy to repay.
  • Ensure Complete Paperwork – To get qualified for home loan promptly, make sure that you possess all the necessary financial documents that your lender asks for.
  • Plan Your Budget – If you are planning to take a home loan in near future, plan your budget accordingly. Cut down on other expenses to make sure that you save enough to fulfil your financial commitments that shall arise when you opt for a loan.
  • Choose An Ideal Loan Option – Thoroughly research for all the available loans options and select that one whose terms and conditions suit you the best. Carefully choose the loan type after considering your financial status and requirements. Focus on all the aspects of the loan rather than just taking into account the low interest rates.
  • Improve Your Credit Score – You must have a good credit score to secure the best deal. The lender would certainly consider your credit records to ensure himself whether you would be able to repay your loan or not.
  • Use A Mortgage Calculator- It requires you to enter some basic details like price of home, your down payment savings, payments per year etc. The easy to use calculator allows you to calculate mortgage payments you would need to pay on the basis of the information you fill in.
We, at Greater Central Texas Federal Credit Union offer home loans to our members. For more information call us at (254) 690 – 2274.
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GCTFCU Blog | No Cosigner Auto Loans
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

No Cosigner Auto Loans

25. May 2012 Administrator (0)

Stringent loan regulations and tough lending policies make it difficult for a regular new car buyer to cope with the situation. One of the biggest challenges as a car buyer without a credit history worth boasting of, might be to get a cosigner for your loan. Put simply, a cosigner is a person who signs your loan along with you, taking shared responsibility of you paying the loan, and the consequences that would follow if you do not.

Getting an auto loan without a cosigner might be difficult but is definitely not impossible. The main thing that you need to focus on is saving enough money to pay up high upfront. With that taken care of, you can easily get a loan, with your car as the collateral. However, if you are considering getting an auto loan without a cosigner, you need to be careful about the following-

  • The car should not be more than 5 years old
  •  The down payment should be a fairly large amount.
  •  You should be ready to repay the loan in a relatively less amount of time (around 4 years)

If you have no/bad/low credit history, and are looking for a no-cosigner auto loan, you might have to compromise on the rate of interest, which is bound to be higher than it would otherwise be. To ensure that this does not happen, you need to work on the above factors, each of which can help to significantly decrease the interest that you need to pay. 

If you cannot afford sufficient down payment, a good idea would be to ask a close friend or relative to pitch in. That way, you can end up with a low interest rate, eventually saving money, which you can repay to your personal lender. You can also seek professional assistance to improve your credit score. This can be done by searching for discrepancies in your credit report, as well as reporting positive credit that might have gone missing.

We at Greater Central Texas Federal Credit Union provide you with fastest and reliable auto loans in Central Texas. No matter you want to purchase a new car or a used one, we have solutions for all your loan needs. For more details on secured auto loans and car financing, visit us at Greater Central Texas Federal Credit Union located at 3305 E Elms Road, Killeen, TX 76542. You can also call us at 254-690-2274.

Secured Auto Loan - Cheap Auto Loan

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