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.
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▸ continue reading
The official start of Christmas shopping season is almost upon us! This Friday marks Black Friday, a day in which you can clean up with great deals at retailers of all kinds. From big box stores to smaller shops, you can find great bargains almost everywhere. However, it can be a stressful experience, both for your brain and for your pocketbook. Before embarking on your holiday shopping journey, it’s important to make a plan so you don’t overspend, and to ensure you’re choosing the perfect gifts for your friends and family. Here are a few of our tips▸ continue reading