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7 Ways You Can Use A Personal Loan this Summer

Summer can be the beginning of a season of a major life change; like household moves and weddings; purchasing that boat you’ve been eyeing and of course a vacation.

Before you start swiping the plastic for everything, Listerhill recommends considering a personal loan to stay within your budget. We have outlined seven ways to responsibly use a personal loan this summer.

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How to Save for an Emergency

The last year has been tough on everyone. Many have been forced to use savings to make ends meet. If you've used up your emergency funds to survive prolonged unemployment, an unexpected large expense or a medical emergency, or you're just starting to build savings from scratch, we have some tips for you.

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Emergency Fund
Paying Off Student Loan Debt

As a recent college grad, you are excited to start a new chapter of life and jump into the future. You have worked for four years to finally get your degree. By the time you start your new job, there will be a debt owed for thousands of dollars.

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A Full Guide to Saving for Retirement with an IRA

The average American between the ages of 35 and 44 has just over $22,000 saved for retirement. For people who are entering their prime earning years, this is far too low. If you want to retire at age 65 and live on $50,000 a year, you’ll need about 15 times that much, assuming you live to the average age of 72. For most Americans, retirement seems like an always-distant horizon. They can always see it, but they never quite have enough money to reach it. As a result, they end up working long into their 70s.

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Retirement
Annual Meeting 2021

When you opened your first account with Listerhill Credit Union, you deposited a small amount into your savings for which has stayed locked into that account ever since. This deposit represents a share of ownership, giving you rights and privileges as an owner of the credit union. One of those rights is a vote to elect the Board of Directors, your representatives, at the Annual Meeting.

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Listerhill Annual Meet 20200101
All You Need to Know About the New Stimulus Bill

Congress recently passed legislation for a $1.9 trillion COVID-relief bill. We have compiled a list including all the details of the latest CARES Act that you need to know.

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4 Ways To Budget For Your Wedding

It is no secret that weddings can cost quite a bit, especially for twenty- and thirty-somethings who might still be carrying college debt and are probably at the starting end of their earning potential. It should come as no surprise, then, that more than half of newly married couples are still paying off debt from their special day years after the honeymoon is over. This doesn’t mean you need to give up your dream wedding! By planning ahead, choosing wisely and prioritizing what’s truly important, you can say, “I Do,” without stressing over wedding costs. 

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Wedding Shoes
6 Common Tax Mistakes You Should Avoid

It’s that time of year again! Whether you choose to do it alone, use a tax-prep computer program or hand it all over to an accountant, begin by checking out our handy list of common mistakes people make on their taxes.

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Calculator For Taxes
How Does a Financial Power of Attorney Work?

A financial power of attorney is a document that gives someone else the power to make financial decisions for you. If you create a financial POA, you might be referred to as the principal and the person you appoint to take care of your finances is officially your agent. Here are the answers to all of the questions you may have about a financial POA. 

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How To Get A First-Time Home-Buyer Grant

First-time home buying can be a confusing process to navigate. You may have heard that grants can help you to cover some of the costs. Grants are one of the many benefits available to first-time homebuyers that make costs a little easier to manage. Still, many people are left wondering: Just how do I get a first-time home-buyer grant?

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Frequently Asked Questions

  • What is a land loan?

    A land loan provides you with financing to secure a lot of land and cover the costs for up to 20 years. With Listerhill, you can get a loan on unimproved land. 

    Once you’re ready to build, you can secure a different type of loan to cover construction costs.

  • Who is a HELOC best for?

    If you aren’t sure how much you’ll need to borrow or when you'll need it, a Home Equity Line of Credit is a great option. Access ongoing cash for a set period of up to 10 years with low minimum payments until your withdrawal period is complete. Contrary to a Home Equity Loan, the interest on a HELOC is a variable rate and may be impacted by the status of the economy.

  • Who is a Home Equity Loan best for?

    If you’re the type of person who takes a big-picture view when planning your financial decisions, a home equity loan may make the most sense. Since you’re borrowing a fixed amount at a fixed rate, you can plan how much you’ll pay for the loan in the long run from day one.

  • What can home equity loans be used for?

    Home equity loans provide you with the opportunity to chase dreams to the fullest. Enjoy a vacation with the whole family, invest in a household remodeling project, or even finance an upcoming vehicle purchase with only a few clicks.  If you can dream it, you can achieve it!

  • What type of requirements exist for home equity loans?

    Home equity loans rely on a loan to value ratio (LTV) to disburse funds, meaning that your credit score and home equity value should be fairly substantial to take advantage of all possible benefits. For assistance in the home equity loan pre-approval process, please speak with your local Listerhill Credit Union branch.