Tuesday, April 21, 2015
YOLO COUNTY NEWS
99 CENTS

Ask the Expert: Yolo Federal Credit Union

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: 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 59 years.

Comments

comments

Special to The Enterprise

  • Recent Posts

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

  • .

    News

     
    Woodland murder suspect claims history of abuse

    By Lauren Keene | From Page: A1

    Public forum will explore community choice energy options

    By Enterprise staff | From Page: A1

     
    Log cabin home is labor of love

    By Anne Ternus-Bellamy | From Page: A1 | Gallery

    The camp around the corner: Day camp benefits kids and families

    By Special to The Enterprise | From Page: A5

     
    Ready to give a resident camp a try? Tips to ease the homesick blues

    By Special to The Enterprise | From Page: A6

    Vote with your dollars at Davis Food Co-op

    By Enterprise staff | From Page: A7

     
    UCD study: Colorblind bilingual programs can perpetuate bias

    By Special to The Enterprise | From Page: A7

     
    Davis Kids Klub offers a true summer camp

    By Enterprise staff | From Page: A7

    Immigrant teens share their dreams at YIIN dinner

    By Jeff Hudson | From Page: A7 | Gallery

     
    Buddhist groups host SanghaFest on Saturday

    By Special to The Enterprise | From Page: A7

    AAUW hosts Yamada speech on Tuesday

    By Special to The Enterprise | From Page: A7

     
    Round up at the registers for Davis schools

    By Enterprise staff | From Page: A8Comments are off for this post

    Free Family Bike Clinic set Sunday

    By Enterprise staff | From Page: A8

     
    Online courses a cure-all? UCD study says think again

    By Special to The Enterprise | From Page: A8

    Show tunes take center stage at sing-along

    By Enterprise staff | From Page: A8

     
    Alternatives to violence explored

    By Enterprise staff | From Page: A8

    Paws for Thought: Hero dogs go above and beyond

    By Evelyn Dale | From Page: A8 | Gallery

     
    Rotary Club hosts whisky tasting

    By Enterprise staff | From Page: A9

    Spend a morning with the mayor

    By Enterprise staff | From Page: A9

     
    Celebrate Mexican culture at I-House

    By Enterprise staff | From Page: A9

     
    Achievement gap to be addressed at symposium

    By Special to The Enterprise | From Page: A9

    Suicide awareness walk set April 25 at UC Davis

    By Enterprise staff | From Page: A9

     
    Tour de Cluck tickets on sale now

    By Enterprise staff | From Page: A9 | Gallery

    Patwin is ‘Where The Wild Things Walk’

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

     
    Pets of the week

    By Enterprise staff | From Page: A10 | Gallery

    .

    Forum

    Gratitude all around for the Breakfast for Heroes

    By Letters to the Editor | From Page: B4

     
    Broad new vaccination law is a must

    By Tom Elias | From Page: B4

    Seniors, you CAN get there from here

    By Special to The Enterprise | From Page: B4 | Gallery

     
    Hey, do you want that glaucoma fixed?

    By Creators Syndicate | From Page: B5Comments are off for this post

    .

    Sports

    DHS thunders past the Herd

    By Spencer Ault | From Page: B1 | Gallery

     
    Wong leads UCD charge in Big West women’s golf tourney

    By Bruce Gallaudet | From Page: B1 | Gallery

    UCD boxing club making a name on the national scene

    By Dylan Lee | From Page: B1 | Gallery

     
    DHS girls basketball pioneer Iten dies

    By Enterprise staff | From Page: B1 | Gallery

    Devils edge closer to Delta League soccer title

    By Evan Ream | From Page: B1 | Gallery

     
     
    .

    Features

    .

    Arts

    Rockabilly music will fill the park Wednesday

    By Special to The Enterprise | From Page: A11 | Gallery

     
    One-man show ‘Buyer and Cellar’ brings non-stop laughter

    By Bev Sykes | From Page: A11 | Gallery

    Hear Wealth of Nations at winery

    By Enterprise staff | From Page: A11

     
    ‘Frozen’ Mini-Musicals to be presented

    By Enterprise staff | From Page: A11

    Baldini to conduct Camellia Symphony

    By Enterprise staff | From Page: A11 | Gallery

     
    DMTC sets auditions for ‘Evita’

    By Enterprise staff | From Page: A11

    Stories told at Third Space

    By Special to The Enterprise | From Page: A11

     
    UCD assistant professor to give lecture at de Young Museum

    By Enterprise staff | From Page: A11

    .

    Business

    .

    Obituaries

    Robert Leigh Cordrey

    By Enterprise staff | From Page: A8

     
    Ruth Rodenbeck Stumpf

    By Enterprise staff | From Page: A8

    Alice Catherine Micheltorena

    By Special to The Enterprise | From Page: A8

     
    .

    Comics

    Comics: Tuesday, April 21, 2015 (set 1)

    By Creator | From Page: B5

     
    Comics: Tuesday, April 21, 2015 (set 2)

    By Creator | From Page: B7