Considering an auto refinance can be a big decision. There are pros and cons to refinancing so it’s important to look at both before you decide. How does refinancing work? Refinancing means that you are paying off your current loan with a new loan. Depending on your situation, the refinance can lower your interest rate, your monthly payment, or … [Read more...]
Three Reasons to Consider Refinancing
The Catch With Zero Percent Financing
You’ve heard the commercials promoting zero percent financing. The idea is that you can finance a new car and pay no interest over the life of the loan. Does zero percent financing sound too good to be true? It may be. Let’s talk about what it is, how it works and if you should take advantage of it. What is zero percent interest? When you take … [Read more...]
The Nuts & Bolts of Auto Loans
When you want to buy a vehicle, the first thing you should do is get pre-approved for your auto loan. The loan process may seem daunting but it’s much easier than you think plus getting pre-approved before you visit the dealership may help relieve a lot of stress and frustration along the way. At Members Trust, we know a few things about auto … [Read more...]