Blog

At Polam FCU, not only do we strive to provide you with the best financial services possible, we also want to share some guidance and expertise. Peruse our blog for the latest industry news and information relevant to you.

Dec 052017

Financial Planning for the Holidays – How to Watch Your Budget

Posted on December 05, 2017 Uncategorized

  Although it seems like the holiday season starts earlier and earlier every year, it’s never too late to consider a budgetary plan for your holiday shopping. While Black Friday (and Black Thursday) can net you some incredible deals, many consumers shop throughout December for family and friends.   Whether you’re on a tight budget or you’ve got serious cash to spend, it’s always a good idea to have a financial plan before jumping in and buying the best for the people you love. At Polam FCU, we have a variety of tips regarding how to make the most out

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Nov 282017

Prequalified vs. Preapproved – Knowing the Difference

Posted on November 28, 2017 Uncategorized

  If you’re a first time homeowner, the mortgage process can be somewhat daunting. Even people who’ve owned a home before can get confused by the process. However, one important thing to understand is the difference between being prequalified for a mortgage and being pre-approved for one.   It can be easy to use the terms interchangeably, but because they mean different things, it’s good to be on the up-and-up with regards to terminology to make the home buying experience one with minimal stress.   What does it mean to be “prequalified”? When you are prequalified for a mortgage, your

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