Buying a car is not easy for most people and requires a heavy investment. Thus some important points like budget, type of car, after sales service and maintenance cost should be taken into consideration when making a car purchase.

Used cars

If you don’t want to invest a lot of money you can choose to get a used car financed. Credit unions have various programs to adjust to your need of financing and offer low interest rates. When you have qualified for a used car loan, you will need to fill a form and your financier will check your credit rating. Based upon this, they will decide the amount that you can borrow and give you different options of the monthly repayments that you can choose according to your preference. After you have finalized the car you want to buy, its details will be sent to the financier who will pay the amount to the seller. It is advisable to have your financing plan ready with you before going to the showroom to make the purchase. Your negotiating skills also come handy while purchasing an old car, as the better your skills higher the chances that you pay less for the car.

New cars

Purchasing a new car is a very huge investment and involves a lot of money. However, most lenders offer a longer repayment time for new car loans as they perform better and stay in good condition. New car loans are often secured against the car itself and the interest rates are also lower than those for used car loans.

The auto industry is rapidly growing and there are a number of car loan plans that are coming out every day. Thus, it is very important that you make a very careful decision regarding which one do you want to buy, new car or a used one, after having considered the pros and cons of each one.

If you want to apply for affordable new and used car loans, you can visit us at Greater Central Teas Federal Credit Union. We offer amazing plans for auto loans to all our customers. For more details, you can call us at(254) 690-2274. You can also visit our office at 3305 E Elms Road, Killeen, TX 76542.

If you are looking for easy, fast, and convenient home loan options, then you can turn to a credit union in Killeen, Texas. Unlike banks, credit unions offer more advantages and competitive home loans. If you are an existing credit union member, then you can consider Credit Union’s home loan offers over other alternatives. People are often not aware about the home loan available with the credit unions, as these unions do not advertize much about their products.

What credit Unions are

Credit unions are non-profit banking organizations that work on limited budgets. These unions do not advertize their loan options vigorously; however, that does not mean they do not have much to offer potential borrowers. These lending organizations offer some of the most attractive loan packages. A credit union provides finance options to members only. Unlike other financial organizations that are run by investors and stockholders, members own credit unions and pool in money to finance loans to borrowers. So, their loans are not externally funded. A number of advantages of getting home loans from credit union in Killeen TX are listed below:

• Lower Interests: As the sole motive is to provide financial services to their members, Credit Unions offer low interest rates on home loans. Due to lesser interest rate, borrowers need to pay less monthly mortgage payments.
• Better customer services: In comparison to banks and other financial institutions, credit unions offer personalized and better customer services. They are responsive and helpful when you need more details.
• Quick closings: Credit unions do not require lot of paperwork and bureaucratic formalities. Unlike banks, they offer quick closing of your home loan.
• Qualify with Lower income: If your gross income is not sufficient, even then you can apply or qualify for a home loan from a credit union, as they have set their income requirements quite low. If you are a member of the union, you can avail the loan in spite of your meager salary.
• Better treatment: Being a member of the union, you get a better treatment from the credit union and have a say in important matters and issues, whereas, in banks and other lending institutes, you are just treated like a customer.

We, at Greater Central Texas Federal Credit Union provide quick and cheap home loans in Texas. For more details, you can visit us at 3305 E Elms Road, Killeen, TX 76542. You can also call us at (254) 690-2274.