The passage of the Home Buyers Tax Credit Extension with the addition of existing home owners being able to participate too has many people asking questions. Who is eligible to claim the $6,500 tax credit? Qualified move-up or repeat home buyers purchasing any kind of home are eligible to claim this credit. What is the [...]

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A few months ago I wrote about advantages for first-time homebuyers. Now there is even more good news, with lowered mortgage rates and home prices still on the low side. Daily reports of doom and gloom surrounding this housing market seem endless with numerous foreclosures and increased government regulations, making a home purchase seem even [...]

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It has recently been reported that home sales, construction and prices increased in June. What does that mean for first-time homebuyers? Now is the time to do your homework, take advantage of savings and offers, and get into a home! Government Tax Credit If you purchase your first home before December 1, 2009, you may be [...]

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In an effort to boost sales of its 2009 fleet, Chrysler has announced it will offer up to $4,500 cash on most 2009 model vehicles. This incentive is valid through Aug. 31, 2009. This is double what is offered by the Cash for Clunkers program, which starts Friday July 24th. Here’s how it works: When you trade [...]

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If you’re like me, when it’s time to do your taxes you are searching for any possible deductions allowed by law. Handing our hard-earned money over to the IRS is not something any of us is really fond of doing. MCCU may have a solution for you. Do you have an auto loan? Are you thinking about [...]

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Looks like Ford has jumped onto Hyundai’s bandwagon and is now offering a Payment Protection program. Here’s how it works: You are automatically enrolled when you purchase or lease any new Ford vehicle. But, it only becomes effective 30 days after you make the purchase.  If you become involuntarily unemployed (note: this won’t benefit you if [...]

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Yesterday I watched President Obama speak and field questions from residents at the Town Hall meeting in Orange County. An attendee asked the President a very good question: “Why aren’t there interest rate caps (the maximum amount of interest that credit card lenders can charge) on credit cards? Why are some cards as high as [...]

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If you haven’t already heard about it, Hyundai has added a fabulous addition to their already popular Assurance Program. With Assurance Plus, if you lose your job or are disabled and are having a hard time making your car payments, Hyundai will make your payments for you for three months. After the three-month period, if [...]

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A few weeks ago, I wrote a post about a possible tax deduction for new car buyers, as part of President Obama’s stimulus package. Well, good news, it was passed! As part of the stimulus package, taxpayers will be able to deduct the both local and state sales tax paid on new car purchases up [...]

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Once again, MCCU was featured on KCAL9′s Money 101 segment! Our low car loan rates were featured. Here’s why you should get your next car loan from us: Low rates = affordable monthly payments 60 Day no payment option (interest will accrue) No application fees Terms up to 84 months Car buying service available Apply [...]

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