When comparing long-term loans, the interest rate and the annual percentage rate (APR) are often confused. While the interest rate refers to the annual interest expense of the loan, the APR reflects the annual cost of borrowing money from the lender. Clear as mud? Don’t worry; we can help.Read More
A 15-year loan generally carries a lower interest rate than a 30-year loan. If national interest rates are falling when you refinance, and/or your credit has improved since you bought your home, your interest rate can be even lower.Read More
If the lump under your mattress is getting uncomfortably big and you’re looking for a safer, more lucrative place to park your savings, look no further than Cooperative Teachers Credit Union.Read More
We all grow up hearing the same financial advice: Spend less, save more and invest early. While most of these words of wisdom ring true, there are lots of widespread money management tips that are actually false.Read More
When shopping for a new car, it’s always too easy to let your emotions do the shopping.
For most people, a car is the most expensive purchase they’ll make aside from their house. So, keeping this sobering thought in mind is a solid step toward reining in those emotions.Read More
What make and model vehicle do you want to buy? Car? Truck? SUV? Hybrid? There are many choices and options.Read More