Sign Massachusetts Banking IOU Myself

Industry sign banking massachusetts iou myself

[Music] some of the credit unions banks that offer lower than 10% APR on a line of credit well let's look that up Perry what state are you in again and what we'll do is I'll just look up your state and see if I can find something to get a line of credit under 10% yes you do have to have good credit and it also depends on the state so I know in South Florida it's I do see commonly like SunTrust tropical I've seen it power financial I've seen credit lines as low as like close to what the he locks offer like six seven eight percent honestly Perry you just you just look up banks you just look them up all the credit unions in your state but let me comment the state that you're in so I can see oh yeah Massachusetts that's right cool so let's see what we got here first couple of credit unions that pop up we got direct Federal Credit Union in Massachusetts you know what's funny when you're looking for a line of credit on the website of all banks typically the line of credit is in the same section as personal loans so don't skip over it type you know click on personal loans cuz it'll probably be there because technically a line of credit is a loan it's the weirdest things that's you know it's the terminology that confuses people all the time but when I go on direct Federal Credit Union I see on the when I click on personal loans they have a personal loan and they have a personal line of credit with lines of credits of up to ten thousand our personal line of credit allows you to add overdraft protection with your direct federal checking account or simply hold a revolving line of credit for the times when extra funds are needed to cover a home expense or the holiday expense okay so let's see to apply today sometimes the banks do not display the rates but what I'm gonna do I'm just going to list all the credit unions that I can find in the next 20 minutes or so that offered line of credit because I know I have clients all over the US and what I've been doing on the Manifesto video program is I've been making videos in each state for all the credit unions that I can find so direct credit union they did not display the interest rate so I don't know what their interest rate I'm looking around see if they show it somewhere they also have home equity lines okay home equity line of credit super low rates your APR will be prime minus 0.76 percent which is currently three point nine nine so they're gonna give you a three point nine nine percent rate that's pretty low it's pretty cool flexible custom fit to your needs borrow up to 80% of your equity in your home with equity lines from twenty thousand to five hundred thousand ok so they also do HELOC being a three point nine nine rate that's probably based on your creditworthiness it says no closing costs no application fees no annual fees no recording fees we like that they really don't have a lot of fees that's great and they also do home equity loans but we don't want to do that we want to stick to the home equity line of credit okay so it looks like they got something real nice they're going on it so whenever you're looking at you're looking for our line of credit if that doesn't say personal loans to find the line of credit the other term that they use is consumer loans and when I clicked on it took me to something that said personal loan great so they have they have an overdraft line of credit a Oh LOC overdraft line of credit and that's kind of like a checking I know credit some Metro Credit Union let's put them on the board we got direct Rockland Metro let's see I see another one called DCU Credit Union they call it they call it signature personal loans same thing long line of credit they have something called a home equity line plus no minimum advance requirement that means you borrow what you want when you need it up to your available balance wow that's like velocity banking words right there says lock in your fixed-rate advance so you can lock in a rate as low as 4.5% that's pretty cool you know at the end of the day I think when it comes to like whether you want a fixed or a variable fixed rate you're probably a conservative person you're like you know what don't bother me I'm happy with my 4% my 6% rate I'll live with it whereas a variable rate you know it's typically below prime for a little while and then it'll go up and it could shoot up or whatever so if you don't want none of that happening stick to a fixed rate stick to it you know and again we're not doing velocity banking for that long as your credit score improves you know this is me talking to Joe right now as your as your credit score improves do well bounce will bounce from credit line to credit line right you you may start out with a personal line of credit at 1415 percent and then as you fix your credit will go get another personal line of credit for 8% and then we'll jump to a HELOC and then jump to the policy you know so we're not really gonna stay with one thing forever okay that's another thing I want you guys to know you're not gonna really stay up that one line of credit forever I constantly tell people to increase the credit line because typically the higher the credit line is the lower the interest rate would would be because your credit score gets better and that gives you access to more stuff so I'm gonna right DCU has he Locke and they call it home equity line plus so most credit unions have he locks then it usually gets tougher to find those peel ox man those P locks are a little bit tougher to find let's see our TN Federal Credit you let's see what they got they used the term consumer loan so we're gonna look in there do not offer P lock don't see it sometimes this is what I recommend people to do is if you don't see it on the website doesn't mean they don't have it necessarily they could have it is just don't advertise it right give em a call each Bank just give me a call hey you guys offer personal on your credit ya know okay thank you have a good day you know and you'll just you know write on your list so if you're looking to be quick in terms of finding a line of credit to be quick just look up credit unions in your state and you just get a whole list you just go one by one you call each every one of them you ask them if they offer personal on a credit HELOC and what are the interest rates and what are the fees to have them if there are any and that's it looks like they do offer he lock on the manifesto I'll have more dedicated videos where I take the time to actually look this stuff up and and call them myself and ask those questions so that I can get the proper you know answers and then I dedicate one video to each state to find those credit unions and then I do videos on nationwide credit unions and and major banks so it's like worst case scenario we just go at a major bank or bank that's nationwide and we'll find something [Music]