Guidelines for the Home Buying Process

Home buying is an important decision. Making mistakes while buying can cost heavily on the buyers pocket. It is therefore, advisable to follow certain steps while buying your dream home.

Steps in for Home Buying 

So, here are the steps involved in a well-planned home buying process.

• You would certainly be on the lookout for the best mortgage deals. An attractive credit score can get you the best mortgage deal. If you have a poor credit score, a financial expert can help you enhance it and thus, get the best mortgages in Wareham MA.

• Mortgage loans mostly demand about twenty percent in down payment. The more the down payment, the lower the rate of interest. It is therefore better to budget for this expenditure before stepping into the home buying process.

• A complete financial analysis proves helpful in arriving at the right amount of home you can afford. Buying more than you can afford can create future problems.

• The home buying process does not end at home buying. It is important to budget for the new expenses including the monthly installments.

Experts at PCT Federal Credit Union can help you sail smoothly through the home buying process.

In fact, they also have professional financial planners who can assist customers in financial planning, Wareham. They can help in achieving short term and long term financial goals effectively.

For Further details, contact them at www.pctfcu.org

Borrowing Personal Loans from a Credit Union

If you need a personal loan, it is advisable to shop for the right one at the right interest rate.

The Right Place for Personal loans

Among banks, online lenders and credit unions, credit unions offer the most competitive loans. Their rates and fees are low, thus, making the borrowing cost reasonable. What’s more, they are non-profit organizations, which are not focused on profitable numbers. This is why they are not as rigid as banks and also offer loans at a reasonable rate.

Well; if you are not aware of how these enticing credit unions work, here are the details about them.

Borrowing from Credit Unions

Credit Unions are non-profit organizations, which work with an objective of providing financial support to their members. So, the first step to borrowing a personal loan from a credit union is to join them. As a member of the credit union, you can avail a personal loan Wareham from them. Conversely, borrowing a personal loan from banks in Wareham may not be as simple and easy.

The process of borrowing a loan is more or less like a bank, except that credit unions are owned by customers and work with an objective to help its members against banks, which work for profit.

Now that you know the benefits of borrowing a personal loan from a credit union, it’s time to set out on the journey.

The first step is to become a member of a reputable credit union like PCT Federal Credit Union. For this, you need to meet certain criteria. You can then become a member by opening an account. You are now ready to apply for a personal loan.

PCT Federal Credit Union offers loans at the right interest rates.

For further details on personal loans, contact them at www.pctfcu.org

Importance Of Financial Planning

Financial planning refers to the process of estimating the capital required as well as determining its competition. It is the process of framing financial policies in relation to procurement, investment as well as administration of the funds of an enterprise. It can also help an individual to determine their short and long term financial goals.

Income: With proper planning, you are able to manage your income in an effective way. Managing income helps you understand how much money you’ll need for tax payments or other monthly expenditures.

Cash Flow: You are able to manage your cash flow by carefully monitoring your spending patterns and expenses.

Capital: An increase in cash flow, can lead to an increase in capital. And thus, it will allow you to improve your overall financial well-being.

Family security: Providing for your family’s financial security is an important part of the financial planning process.

Investment: A well-developed financial plan considers your personal circumstances, objectives as well as risk tolerances.

Assets: Asset is desirable but, if it comes with liabilities attached, then it will be problematic for you. And for this, it is important to determine the real value of it.

PCT Federal Credit Union will help you in financial planning in Wareham. Moreover, they also offer diverse other services. If you want to get the services or need any further information, then you can call them at 508-291-0777or visit them at pctfcu.org.

Two Faces of Personal Loans

The need for money may arrive uninvited. You might require additional finances for an upcoming wedding, purchase of a new vehicle, improve your home or many others. Banks and credit unions offer attractive personal loans to fulfill people’s needs. What’s more, they don’t always require collateral security or heavy interest payments.
Types of Personal Loans
The most popular means of borrowing a personal loan with banks in Wareham is through personal loans Wareham or a personal line of credit. Both have their advantages, but are suitable for different purposes.




Here’s how one is different from the other.
Personal loans are a one-time lump sum lent by the bank to the borrower. Such lump sums are usually borrowed for big purchases like a car, making home improvements or for a vacation.
Personal line of credit on the other hand is reusable and is more or less like an overdraft facility provided by banks. A credit limit is fixed by the lender, of which any amount can be borrowed depending on the borrower’s needs. This kind of credit facility is ideal for occasions like a wedding, when the need for additional finance may or may not come up.

A personal loan is repaid in weekly, bi-weekly, fortnightly or monthly instalments. These instalment amounts include the principal and interest charged on the lump sum lent.
In a personal credit line, interest is charged only on the amount used at the end of the term.
In a personal credit line, interest rates are variable.


Interest rates could be variable or fixed for a personal loan.
If you require a personal loan for any reason, PCT Federal Credit Union is the right destination for you. They provide the right personal loans tailored to fit into your unique requirements. What’s more, once your loan is approved, they determine the right rate.
To learn more, visit them at: www.pctfcu.org