Wednesday, July 23, 2014
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.

Special to The Enterprise

LEAVE A COMMENT

Discussion | No comments

The Davis Enterprise does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

News

 
Second Mellon grant supports Mondavi events

By Jeff Hudson | From Page: A1 | Gallery

Are arachnids awesome or awful? Visit Bohart Museum to find out

By Kathy Keatley Garvey | From Page: A1 | Gallery

 
Police arrest suspect in robbery spree

By Lauren Keene | From Page: A2

 
Madhavi Sunder joins Davis school board race

By Jeff Hudson | From Page: A2

 
Crews make gains on massive Washington wildfire

By The Associated Press | From Page: A2

New safety rules proposed to curb oil train fires

By The Associated Press | From Page: A2

 
Kaiser awards grants to Yolo nonprofits

By Special to The Enterprise | From Page: A3

 
NAMI program offers mental illness information, support

By Enterprise staff | From Page: A3

 
Backpacks for Kids launches annual donation drive

By Enterprise staff | From Page: A3

Architecture in Davis, on ‘Davisville’

By Enterprise staff | From Page: A3

 
Speaker will spin some fishing tales at Davis meeting

By Special to The Enterprise | From Page: A3 | Gallery

Kids can paint their own Breyer horses at Davis store

By Enterprise staff | From Page: A3

 
Grandparents support group meets weekly

By Enterprise staff | From Page: A3

Exchange program seeks host families

By Special to The Enterprise | From Page: A4

 
Wine-tastings will benefit YCCC

By Enterprise staff | From Page: A4

Pedro party will benefit Yolo Hospice

By Enterprise staff | From Page: A4

 
Car lovers will speak Sunday at gallery

By Enterprise staff | From Page: A4

Racial diversity crucial to drug trials, treatments

By San Francisco Chronicle | From Page: A4

 
Enterprise is focus of Davis Roots talk

By Enterprise staff | From Page: A5

Quaff a beer and watch the bats

By Enterprise staff | From Page: A5 | Gallery

 
.

Forum

They’re pickier than she is

By Creators Syndicate | From Page: B5

 
U.S. is complicit in attack

By Letters to the Editor | From Page: A6, 2 Comments

Extinguish extremism for peace

By Letters to the Editor | From Page: A6, 2 Comments

 
With profound gratitude

By Letters to the Editor | From Page: A6

 
Someday, there will be peace

By Rich Rifkin | From Page: A6

Tom Meyer cartoon

By Debbie Davis | From Page: A6

 
.

Sports

Former Davis man at crossroads: biking or artwork?

By Bruce Gallaudet | From Page: B1 | Gallery

 
Aggie golfer headed to men’s U.S. Amateur Championship

By Special to The Enterprise | From Page: B1 | Gallery

Giants outlast Phillies

By The Associated Press | From Page: B1 | Gallery

 
River Cats nip dogs

By Enterprise staff | From Page: B1

A’s fall in extra innings

By The Associated Press | From Page: B1 | Gallery

 
Blue Jays hitting upends Red Sox

By The Associated Press | From Page: B2

Pyrenees please Nibali, Rogers in Tour Stage 16

By The Associated Press | From Page: B3

 
Albergotti to discuss Armstrong’s doping scandal

By Bruce Gallaudet | From Page: B8

.

Features

Field to Fork: Skyelark Ranch, not a lark at all

By Dan Kennedy | From Page: A8 | Gallery

 
Name droppers: ASUCD hands out awards

By Enterprise staff | From Page: A8 | Gallery

.

Arts

Tomato Festival makes call for young artists

By Enterprise staff | From Page: A7

 
Additional casting notice for ‘Hello Dolly’

By Enterprise staff | From Page: A7

Hear Los Tres de Winters on Thursday

By Enterprise staff | From Page: A7

 
Picott to play at The Palms Playhouse

By Kate Laddish | From Page: A7

Fairy-tale romance in Barnyard Theatre’s ‘Pinky’

By Enterprise staff | From Page: A7

 
Soar to Neverland with DMTC’s ‘Peter Pan’

By Enterprise staff | From Page: A7 | Gallery

Village Homes to host Rita Hosking Trio

By Enterprise staff | From Page: A7 | Gallery

 
.

Business

.

Obituaries

.

Comics

Comics: Wednesday, July 23, 2014

By Creator | From Page: B6