Sunday, October 19, 2014
YOLO COUNTY NEWS
99 CENTS

Ask the Expert: Loans with Yolo Federal Credit Union

By
From page C2 | March 28, 2014 |

Whether it’s for personal or business needs, it’s likely you’ve either taken out a loan or have considered it in the past. When it comes to making large purchases, such as starting and running a business or owning your own home, securing a loan is a crucial part of the process. But, that’s not the only piece of the pie; finding a lender you trust, one that is willing to work with you throughout the life of the loan is equally as important. Not all business owners or homeowners are alike and neither are their loan needs.
When it’s time for you to find a lender for your large purchases, consider using a local lending expert. By using a local lender you ensure that your loan will be processed quickly, efficiently and with the quality and attention that you deserve.
Business financing
Q. What types of business loans does Yolo FCU offer?
A. Yolo FCU offers financing for almost any business need. From commercial real estate loans (including construction) to business vehicle loans, lines of credit to business VISA® cards, whatever the needs of your business, Yolo FCU can help.
Q. Does Yolo FCU have a minimum business loan amount?
A. No, Yolo FCU does not have any minimum loan requirements. Loan amounts are based on the needs of the business.
Q. Does Yolo FCU require pre-payment penalties?
A. No, unlike some financial institutions, Yolo FCU does not penalize you for paying off your loan early.
Q. What can Yolo FCU do for my start-up business?
A. Yolo FCU has various options available for start-up businesses. The excitement of working with a new business owner is second-to-none, and Yolo FCU loves to be involved at the beginning of a new business. Yolo FCU is also a SBA and USDA approved lender, which provides additional access to programs designed specifically for start-up businesses.
Mortgage services
Q. What types of home loan options does Yolo FCU offer?
A. Yolo FCU offers a variety of mortgage options, which are tailored to fit your individual needs. These include first and second mortgage loans with varying terms, home equity lines of credit (HELOC), mobile home loans and even green solutions to help reduce your carbon footprint through solar or energy-efficient purchases.
Q. What is Mortgage Insurance (MI) and why is it required?
A. This insurance is typically required for borrowers that are unable to provide a 20% down payment on a home purchase. As a result, MI can help a family purchase a home with a minimal amount of cash out-of-pocket, allowing the dream of becoming a homeowner to become a reality.
Q. What is the secondary mortgage market?
A. Think of mortgage lenders as retail stores where a borrower goes to obtain a mortgage loan. The secondary market is the supplier of money to the lender. Most single-family mortgages originated today are sold on the secondary market. Mortgages that are sold to the secondary market can retain servicing (mortgage activity that takes place after the purchase has closed escrow – monthly loan payments, property tax disbursements, etc.) by the original lender. Many home buyers who prefer doing business locally select a lender, such as Yolo FCU, who retains the servicing throughout the life of the loan.
If you’re looking to obtain financing for your home or business needs, look no further than Yolo Federal Credit Union – the only credit union exclusively serving Yolo County for 60 years. NMLS # 401954

Comments

comments

  • Recent Posts

  • Enter your email address to subscribe to this newspaper and receive notifications of new articles by email.

  • .

    News

    Housing First pilot project targets West Sac homeless

    By Anne Ternus-Bellamy | From Page: A1

     
    Howzat! Cricket tradition grows in Davis

    By Lily Holmes | From Page: A1 | Gallery

    $18.75M grant aims to build global food security

    By Special to The Enterprise | From Page: A1 | Gallery

     
    Return to sender: MRAP removal options go to council

    By Dave Ryan | From Page: A1 | Gallery

     
    For the record

    By Enterprise staff | From Page: A2

    Evidentiary hearing set for man shot by CHP

    By Lauren Keene | From Page: A2

     
    Cop witnesses car-pedestrian collision

    By Lauren Keene | From Page: A2

    Hawaii hit by winds, rain as hurricane veers west

    By The Associated Press | From Page: A2

     
    DHS ski and snowboard swap set on Nov. 9

    By Enterprise staff | From Page: A3

     
    Quiz Master Gardeners at open house

    By Enterprise staff | From Page: A3

     
    Firefighters on the town

    By Wayne Tilcock | From Page: A3

    Senior Computer Club hears from county official

    By Enterprise staff | From Page: A3

     
    Celebrate origami at Davis library

    By Enterprise staff | From Page: A3

    Safe viewing of solar eclipse planned

    By Special to The Enterprise | From Page: A3

     
    Fill the Boot for the hungry

    By Lauren Keene | From Page: A3

    Crash victim ID’d as Woodland man

    By Lauren Keene | From Page: A3

     
    Guns to be discharged at police range

    By Lauren Keene | From Page: A3

    Donate used books at Co-op

    By Enterprise staff | From Page: A3

     
    Love-life tips on ‘Heart to Heart’

    By Enterprise staff | From Page: A3

    Wolk sets ‘Morning with the Mayor’

    By Enterprise staff | From Page: A3

     
    Volunteers sought to chip in on parks cleanup

    By Enterprise staff | From Page: A3

    Esparto home targeted in three-city pot bust

    By Lauren Keene | From Page: A4

     
    Apply by Friday for Biberstein grants

    By Special to The Enterprise | From Page: A4

     
    Wolk earns perfect score from senior advocates

    By Enterprise staff | From Page: A7

    UCD celebrates 50 years of global agricultural success

    By Special to The Enterprise | From Page: A9 | Gallery

     
    Special education information night scheduled

    By Jeff Hudson | From Page: A11

    Be on the lookout for tagged Monarch butterflies

    By Kathy Keatley Garvey | From Page: A16 | Gallery

     
    .

    Forum

    Old news disturbs the present

    By Creators Syndicate | From Page: B5

     
    Are we there yet? Yik Yakking the day away

    By Tanya Perez | From Page: A8

    Take time to reach out for help

    By Creators Syndicate | From Page: A8

     
    A bionic hand with feeling

    By The Associated Press | From Page: A8

    Let’s take Davis’ energy future seriously

    By Special to The Enterprise | From Page: A14

     
    Ain’t Snow Mountain high enough

    By Our View | From Page: A14

    Proposed lights harm kids

    By Letters to the Editor | From Page: A14

     
    Teach cyclists to obey laws

    By Letters to the Editor | From Page: A14

    Yes on Prop. 47: reasonable changes to curb recidivism, save money

    By Special to The Enterprise | From Page: A15

     
    No on Prop. 47: an end to safe neighborhoods, and more victims

    By Special to The Enterprise | From Page: A15

    Be careful cycling on Fifth

    By Letters to the Editor | From Page: A15

     
    Water theater isn’t fun

    By Letters to the Editor | From Page: A15

    Elect Granda to board

    By Letters to the Editor | From Page: A15

     
    .

    Sports

    Vargas emerges from crowded Aggie WR corps

    By Bruce Gallaudet | From Page: B1 | Gallery

     
    Competitive Aggies fall at No. 6/7 Montana

    By Bruce Gallaudet | From Page: B1 | Gallery

     
    Devils stick it to Chico, cancer

    By Evan Ream | From Page: B1 | Gallery

    JV Devils fall to Franklin

    By Enterprise staff | From Page: B2

     
    Niemi leads Sharks to win

    By The Associated Press | From Page: B4

    UCD roundup: Big crowd sees Aggies nip Guachos

    By Enterprise staff | From Page: B8 | Gallery

     
    .

    Features

    .

    Arts

    .

    Business

     
    Davis is a temple for fine beverages

    By Wendy Weitzel | From Page: A5 | Gallery

    35 employers will be at West Sac job fair

    By Special to The Enterprise | From Page: A6

     
    Rob White: Building an economy on innovation

    By Rob White | From Page: A6

    Arcadia Biosciences earns spot on global innovation list

    By Special to The Enterprise | From Page: A6

     
    .

    Obituaries

    Peggy Belenis Swisher

    By Special to The Enterprise | From Page: A4

     
    Sadie Louise Barga

    By Special to The Enterprise | From Page: A4

    Morgan Wheeler

    By Special to The Enterprise | From Page: A4

     
    .

    Comics

    Comics: Sunday, October 19, 2014

    By Creator | From Page: B8