877-415-8342 | 419-678-2326 service@preferredcenter.com
Impact Of A Disability Tool

Impact Of A Disability Tool

Impact-of-a-Disability-tool-2

If you haven’t thought about being disabled, perhaps you should. This is just a few simple questions to guide you along the way. When you want a little more information, call to set an appointment with one of our planners, or attend a workshop, or both!

 

2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?
1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.

 

Life Goals and Needs Planning Tool

Life Goals and Needs Planning Tool

This should give you a great idea where you are and where you need to be. Check it out, but it’s only the start. Let us help you get the safely. Make an appointment with one of our planners, or attend a workshop, or both!

2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?

 

6 Perks of Picking an Agency for Ohio Insurance

6 Perks of Picking an Agency for Ohio Insurance

To buy Ohio insurance online or from an insurance agency?

Is it easy to find Ohio insurance online? Absolutely. Is it easy to purchase insurance online? Most likely. With these two questions answered, why would you pick an Ohio insurance agency? We understand that insurance can be intimidating, sometimes maybe a little scary, and most of the time you probably don’t think much of your policy at all. That is of course until you need to use it. The 6 perks for picking an agency listed below are only a few of the things we have made standard at Preferred Insurance Center that all benefit you, our client.6-perks-of-insurance-agency-ohio-insurance

  1. Every year we offer what we call an Account Review. We place a phone call when your homeowners or renters policy comes up for renewal and give you the option to answer a few questions, and go over your coverage’s on your policies. Some of the questions include asking about updates or renovations made to your home and going over your auto coverage’s to understand your policy. Filling out this form gets us the most up to date information to properly shop your account for the best rates if you so choose. 

    Donating $10 to local charity for every policy we quote!

  2. Flag alerts on large rate increases. These alerts take place when ANY policy takes a larger rate increase than expected. This allows us to get in front of the renewal process giving us more time to possibly find a better company/rate for the next term. Our calls for the account review and rate increases are placed before the renewal comes in the mail to allow us to be the ones to alert you instead of hearing through the mail.
  3. Have a claim? This is usually not a “fun” experience, but we do our best to follow up regularly to make sure your questions and concerns are addressed in a timely fashion. We send an email with your adjuster’s name and contact information so it is available at your fingertips if ever needed. We do our absolute best to keep you happy during what can sometimes be an unnerving experience.
  4. Need to change a vehicle on your policy? We do our best to get you off the phone quickly to get you right back to your day. Need to pay a bill? We can assist you with that as well in a timely manner. Adding a driver? We let you know what you need to get to us so the process is finished as quickly as possible.
  5. One-call Insurance Company. Unlike calling a company which can take several minutes out of your day waiting to get a human on the phone, we are a “one-call company.” We are able to assist with auto, home, life and commercial insurance policies all at the same place making it a huge convenience for you.
  6. One call gets you quotes from 8 great companies! We do the shopping for you! We have several companies available to us which makes finding the best rates easier than it would be for you to check each company individually on your own.

If you have been using the internet to find the best rates for you, I encourage you to give Preferred Insurance Center a shot. Who knows?! We may be able to increase your coverage’s and save you money along the way!  Click Here to get a quote!

Yours truly,
Andrea AbouJaoude | Service Specialist

Andrea-Cropped-2

Buying a home but don’t have much of a down payment? No worries!

Buying a home but don’t have much of a down payment? No worries!

The FHA mortgage is the perfect mortgage for those buyers that do not have a lot of money for a down payment on the purchase of a new home.  The minimum down payment required for an FHA loan is 3.5% of the purchase price. The closing costs will also need to be paid by the buyer.  However, the FHA loan does allow the seller to contribute up to 6% of the purchase price towards closing costs.  If the seller agrees to assist with the closing costs, this information will need to be listed in the purchase contract.

2000px-US-FederalHousingAdmin-Logo.svgThe interest rate for the FHA loan is fixed for 30 years or 15 years.  There is mortgage insurance on an FHA loan: upfront mortgage insurance and monthly mortgage insurance. The upfront mortgage insurance is 1.75% of the loan amount, and FHA allows this amount to be financed into the loan.  There is also monthly mortgage insurance, which is based on a percentage of the loan amount.  The monthly mortgage insurance is paid with your mortgage payment each month.  However, the monthly mortgage insurance lowers each year as the balance of the loan decreases but it never completely falls off of the loan.

FHA financing requires the home to pass the 3 “S” Test – safe, sound, and secure.  There cannot be any peeling paint, which is typically found on windows and door frames.  No foundation or roof issues and utilities must be on at the time of the appraisal.  If the items are found to be an issue during the appraisal, often times the items are able to be fixed, and the loan is able to close.  Borrowers and sellers just need to be willing to work together to resolve the issues.

Overall, this product requires a minimum of 620 credit score and there is no penalty for paying it off during the term of the loan.
Call Annette or Jayme at Dynamic FCU 419-586-5522 for additional information.

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0% is Pretty Enticing for an Auto Loan, is it really worth it?!

0% is Pretty Enticing for an Auto Loan, is it really worth it?!

As a loan officer, I often hear from our members that the dealership offered 0% financing on their new vehicle loan. Well, 0% sounds pretty darn good, and it is definitely a rate Dynamic FCU cannot beat.

However, with vehicle rates so low,  it may be worth doing some calculations to determine if it is 0% is really the best option. For example, a 2016 vehicle priced at $30,000 financed at 0% for 72 months would be an approximate monthly payment of $470.00 a month.

Now compare this option, to a dealer incentive/rebate of $3,000 off the purchase price.  The purchase price is now $27,000 and Dynamic FCU is able to finance this amount for 72 months at an interest of  3%.  The monthly payment would be approximately $411 a month, and the total interest paid on the loan the 72 month term is around $2563.

In my opinion, the second option sounds better to me.  I start out owing less on the car and I get a lower monthly payment. Even after I pay the interest due on the loan I still end of $437 ahead when compared to the 0% financing.

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Getting Preapproved Prior to Car Shopping?

Getting Preapproved Prior to Car Shopping?

Get Preapproved = Save Money!
Dynamic Federal Credit Union offers a .25% rate reduction on our interest rates for preapproval. We want our borrowers to be informed before they head to a car dealership. We look up NADA values to educate borrowers on the vehicle’s value to ensure the vehicle is priced properly. In addition, we work up monthly payments so the borrower knows  what to expect for a payment on their  new vehicle.
Preapproval car loan

We work with dealerships all over and letting a dealership know you are preapproved can prevent them from having their finance companies from pulling your credit report multiple times.Often dealerships will allow us to send them a Letter of Intent, which states funds are approved, and typically our borrowers can leave the dealership with their new wheels on the same day.

Dynamic FCU strives to educate our borrowers to be financially smart buyers.

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Give Dynamic Federal Credit Union
a call today to learn more! (419) 586-5522

5 Great Ideas to get Your Budget in Gear.

5 Great Ideas to get Your Budget in Gear.

Budgets are the best way to keep your money in check (pun intended!) Everyone needs a good budget to make sure they don’t accidentally recklessly spend their money. Sadly, most people hate keeping up with their budget. Here are five tips to make your budget easy.

Have a goal.

The best way to feel motivated to do, frankly, ANYTHING involving a budget is to have something that you’re saving up for. Like a fancy vacation, new car, or a home renovation. Setting aside money for something important to you also helps you want to have more of a structure in your budget.budget

Give Yourself Some Buffer Money.

Make sure that you put a little bit of extra money so you are able to pay for unexpectedly high bills and emergencies. You can never be too careful!

When you pay, try to use cash.

If you can actually SEE the money that you’re spending, you’re a lot more likely to not spend as much. It’s as simple as that.

budget2Anticipate this month’s costs.

At the beginning of the month, try to predict your expenses for the rest of the month in different categories. Then if you ever need to, you can adjust your money by changing what category it is in.

 Just keep it simple.

Make sure you’re very clear with your budget, you can use spreadsheets on your computer or a plain ol’ checkbook to keep everything organized. Being able to be organized with your money is the first step to having a successful budget.


LET’S START ORGANIZING!
The financial planner provides you with one place where you can keep, and easily access, your up-to-date financial information. 

Features of the Financial Planner:

  • Keep track of what you owe, own, and your budget
  • Template to help you efficiently budget
  • Caculations done for you. All you have to do is plug in your numbers
  • Contact information page to organize financial contacts

If you want more ideas, feel free to go to; http://www.today.com/money/build-family-budget-actually-works-2D79417869

4 Products With Prices you didn’t know you Could Negotiate

4 Products With Prices you didn’t know you Could Negotiate

negotiate productsAccording to a 2013 Consumer Reports study, “only 48% of people even attempt to bargain for a better deal on the products and services they buy every day—even though a whopping 89% of those who said they did haggle were able to nab a discount at least once.”

 

 

 

1. Appliances & Electronics 
Kyle James, owner and founder of coupon and bargain-hunting site Rather-Be-Shopping.com suggests asking about floor models, returns and overstocks when it comes to appliances and electronics. “These items will typically be marked with a special tag. Start the negotiating at 20% off the asking price and be prepared to meet in the middle,” James says. He claims that the managers want these items sold as quickly as possible so they aren’t taking up space. It’s worth a shot!

2. Interest Rates 
Priyanka Prakash, a finance specialist forFitBiz Loans, an online platform that helps business owners find financing, says that having a high credit score and a positive payment history only works in your favor when it comes to negotiating interest rates. “Credit card rates are relatively easy to negotiate compared to rates on other [types of] debt, [such as student loan debt]” Prakash says.

Showing that you’ve been shopping around also helps prove how serious you are about finding a lower interest rate. Examples include calling your credit card issuer and mention that you are thinking of taking advantage of a lower rate, or if you have a quote from a lender for a personal loan that you’re hoping another bank matches.

If that doesn’t work, then try your hand at getting loan fees reduced. You may be able to reduce fees such as application fees, and closing costs, etc.

3. Groceries
The deli and meat counters are great places to negotiate prices. Kyle James, of rather-be-shopping, mentions that the meat less than a pound in size may be too small to slice and sell, so the store may be willing to sell them for much less. Meat that is nearing it’s sale date will also cost the grocery store once it expires, so that may provide you an opportunity to negotiate price as well.

4. Moving Services 
Although the price of moving services tend to be high, moving service carriers won’t want to lose a sale over 5%.

 

 

Student Loan Repayment Options: Deferment vs. Forbearance

Student Loan Repayment Options: Deferment vs. Forbearance

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According to StartClass, an educational data site, the outstanding balance of the nation’s student loans is growing by an estimated $2,726.27 every second. It is evident that student loan debt is a serious problem in the United States, as it has now passed $1 Trillion. For anyone who has taken out student loans, understand that there are options to help relieve student loan debt.

Student Loan Deferment
Deferment: A postponement of payment on a loan that is allowed under certain conditions during which interest does not accrue on Direct Subsidized Loans, Subsidized Federal Stafford Loans, and Federal Perkins Loans. This is essentially a payment period during which repayment of your loan is delayed.

The Federal Student Aid lists those who are eligible for deferment on their website. Those who are eligible include students who return to school and are halftime enrolled in a university, active military duty, or people struggling to find employment for up to 3 years. Visit their website here to see the remainder of the list.

Student Loan Forbearance
Another option to relieve student loan debt is student loan forbearance. Forbearance allows you to stop making payments or reduce your payment for up to 12 months. The Federal Student Aid lists the circumstances which qualify students for this option here.

The two types of Forbearance are Discretionary and Mandatory.
Discretionary: under the circumstances of Financial Hardship and/or Illness, your lender decides if you are eligible for Forbearance.
Mandatory: under the circumstances listed here, your lender is required to grant forbearance.

You must make a request to your lender in order to be granted forbearance.

With both deferment and forbearance options, payments are delayed. The difference is with deferment, your interest on subsidized loans does not accrue. With forbearance, your interests will continue to accrue on unsubsidized and subsidized loans.

If you are a student with student loan debt, it may be smart to look at both options and see if you are eligible for either. In the end, this could save you a lot of money!

College Students: Save Money Now!

College Students: Save Money Now!

pay-for-college-680x430College Budgeting is not easy. Regardless of your source of income, it can be easy to feel overwhelmed with the challenges college costs can present. Thankfully there are resources to save your college bank account from the rapid decline and save you some extra spending money along the way.

Saving on food 
WalMart Savings Catcher is an app that allows you to scan your receipts after you make purchases at WalMart. Walmart then compares their prices with the prices of local competitors to make sure theirs are the lowest. If their prices aren’t the lowest, you get your money back on a WalMart Gift card!

Avoid a campus meal plan at all costs. Crockpot meals can be a college kids best investment. With a few quick ingredients you can have your meals prepped for almost the whole week.

Discounts at select stores for students
Student Rate is a site that complies cash back deals and discounts for students from all different types of stores in areas such as style, beauty, and wireless to name a few.

Smart Budgeting
Apps such as WellSpent and Mint help you track your spending to ensure that every dollar is well spent. Each app is personalized for you and allows you to create budgets for different types of expenses in your life such as groceries, car expenses, housing, while keeping your information safe and secure.

To help you track your spending, and fine tune your financial life even further, we have created a free financial organizer download. Check it out below!

Features of the Financial Planner:

  • Keep track of what you owe, own, and your budget
  • Template to help you efficiently budget
  • Caculations done for you. All you have to do is plug in your numbers
  • Contact information page to organize financial contacts