What makes them particularly attractive is for typically shorter term loan and or mortgage finances such at 7, 10, and 15 years. A lot have very low if any closing fees usually for a little uptick in interest rates.

For creativity, Pentagon Federal Credit Union has some of the most unique loans you won’t usually find with banks or brokers and leveraged correctly could save you quite a bit of money.

One example, is this 30 year loan that is a 15/15 adjustable rate mortgage. There you start out at a lower interest rate than with a traditional 30 year loan. The beauty of this is where the typical loan is only held for 7 years it usually saves you money. However if you the loan is held after that it resets at the going rate at 15 years.

Basically the creativity behind credit unions as opposed to banks is their differences in how they view their customers. Banks are backed by shareholders and they profit from keeping you in debt forever. Credit unions’ intention is usually to get you out of debt as fast as possible for the benefit of its member owners and they are also not for profit.

Link: Credit Unions Offer Creative Mortgages to Save You Money via clarkhoward.com

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Why We Vote When We Do.

Why November?
Most Americans made their living from agriculture in 1845 and Congress felt that November was the most convenient month for farmers and citizens living in rural areas to get to the polls. Preparing fields and planting crops consumed lots of the public’s time in the spring and summer months. But by early November, the harvest was over in most areas, and the weather was still mild and dry enough to allow travel over the dirt and rock roads of the day.

Why Tuesday?
In 1845, before Florida, California, and Texas were states or slavery had been abolished, Congress needed to pick a time for Americans to vote. We were an agrarian society. We traveled by horse and buggy. Farmers needed a day to get to the county seat, a day to vote, and a day to get back, without interfering with the three days of worship. So that left Tuesday and Wednesday, but Wednesday was market day. So, Tuesday it was. In 1875 Congress extended the Tuesday date for national House elections and in 1914 for federal Senate elections.

“Winning the election is a good-news, bad-news kind of thing. Okay, now you’re the mayor. The bad news is, now you’re the mayor.”

–      Clint Eastwood

The post NCF's Tuesday Tidbits appeared first on National Credit Federation.

Fox, CBS, NBC and ABC affiliates just aired an interview by Michael Gerber, the author of the E-Myth.  The segment was shot at film studios in Orlando and I had a great time.  Michael Gerber is not only an internationally acclaimed author but also has a huge corporation. He seeks out companies that are totally unique and are on the cutting edge within their industries to profile.

Check it out…

More than the publicity, it excites me that hundreds of our members over the last year have achieved home-ownership that never would have without our help.  To all our consultants, and staff but more so to our members…thanks for your confidence!  If you’d like to get your credit reviewed with no obligation CLICK HERE

Great credit and home ownership…Definitely two of the things in life that are Priceless!

BE BOLD!

Herschel

The post Michael Gerber and Herschel Bentley discuss Credit Repair the National Credit Federation way appeared first on National Credit Federation.

I have been in Houston, TX the last few days with one of our Regional Directors Dan Fries, who laid the ground work for this relationship, along with several other NCF consultants.

You see DR Horton having partnered with Bank of America as it’s go to mortgage lender knew that many people could not buy their dream home or for that matter their first home due to their credit scores.  As Alfredo Rodriquez, the Director of “My New Home” a pilot program of DR Horton designed to put more people into a home of their own, explained to me… they needed the best credit repair company they could find and their search ended with an agreement to have National Credit Federation as it’s sole source for those with credit challenges.  His biggest reason was… the bottom line results we get for our members with our exclusive attorney assisted process.

This event, the first of many hosted 350 folks coming through the doors, at the Westin Galleria in downtown Houston, TX, to see what all the excitement was about.  And let me tell you EXCITEMENT just doesn’t do the event justice!  It was an EXTRAVAGANZA, a huge success and honor to be a part of it!

DR Horton through Alfredo’s vision have put together a process like none I’ve ever seen.  And I’ve seen alot in this business throughout the last 30 years!  His vision starts with a simple truth…People want to own their own homes.  That said, the question becomes so “how does DR Horton as a builder help more people achieve home ownership?”   And that’s where the “My New Home” program was born and where the magic begins.

Simply stated by partnering with Bank of America, National Credit Federation, Farmers Insurance and many other top vendors for the different aspects of the home buying process that a new home buyer may experience, a better overall experience can be offered and enjoyed.

I mean even the simplest things from having pizza and cokes for the home owner planned on move in day and yes even the movers are geared up and ready to go has been thought of!

Through a better managed process, the savings a new home buyer realizes can be dramatic.  The savings range from a simple down payment offered at $100…YEP, $100 and you can get a new home under contract and  be off to the races!  Additional savings with closing costs, insurance, and yes they are even covering our fees upon closing!

Here’s the basic steps after you pick out your new home model and the lot.  Bank of America will generate an approval for you to know exactly what your payment and down payment will be (as little as 3.5%).  Actually B of A has created a brand new FHA product just for this program (I told you there is all kind of cool stuff!)  where they can help out with credit scores all the way down to 580!   If for any reason credit is an issue no matter if it’s a particular line item on your credit report or too low of a credit score that’s where National Credit Federation comes in.

It’s our job to help you get approved to remove anything that might be preventing you from achieving your goals. And check this part out…DR Horton is so confident and committed to their vision that IF YOU ENTER OUR CREDIT REPAIR PROGRAM THEY WILL CONTINUE TO HONOR YOUR CONTRACT as long as you remain in our program and refund you up to $1400 when you close!!!

Let me say that another way.  YOU CAN BE A HOMEOWNER!

Horton has kicked this off in Houston and will expand to other markets as quickly as can be managed but with friends like DR Horton and Bank of America, the number one builder and number one mortgage lender in the country well, let’s just say a ton of people that thought they could never qualify for a home are going to have their dreams realized!

To find out more CHECK IT OUT!

Be Bold!

Herschel

PS We had a professional, shooting video coverage but I don’t have that in my hands just yet.  I should soon so I’ll get that posted on the website and blog about what new things are happening as events continue to unfold!

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