WORKING FOR YOU.
NOT FOR PROFIT. IMPORTANT NOTICE
MacDill Federal Credit Union will be
closed on Saturday, September 1st
and Monday, September 3rd, in
observance of the Labor Day holiday.
MacDill Today is a Monthly Publication for MacDill Federal Credit Union Members | August 2007
Why Renters MFCU
MORTgAgE LOANS
Need Insurance, Too.
The reason is actually pretty simple: because the insurance
your landlord has for the building where you live doesn’t
cover any of your personal stuff. Say, for example, a pipe
bursts in the apartment upstairs and the water damages your • More Options
furniture, TV, PC, your clothes. Everything. Replacing it is
• Competitive Rates
your responsibility, not your landlord’s. And if you don’t have
renter’s insurance, guess who pays?
• Lower Closing Costs
You do. Buying a home is the most important financial
Living without renter’s insurance can be an expensive propo- decision most of us will ever make in our lives,
sition, particularly if you don’t have the readbash to replace so naturally you want to shop around for the right
personal belongings damaged by flood, fire, vandalism, or mortgage. And what should you shop for? First of
natural disasters like tornadoes and hurricanes. Considering all, you want options. Second, a competitive interest
how affordable renter’s policies are, it’s just not worth risking rate. Third, you don’t want to pay all sorts of fees
everything you own. that significantly increase your closing costs.
Then, when you’re done shopping around, give us
How Renter’s Insurance Protects You. a call. Because a mortgage loan from MacDill Fed-
Renter’s insurance protects you in three important ways: eral Credit Union has everything you’re looking for.
Liability. If your dog bites someone, you can be sued.
Renter’s insurance provides coverage for the damages you
Mortgages for the Way You Live.
Not so long ago, the 30-year fixed-rate mortgage
may be legally obligated to pay if someone is accidentally
was pretty much all you could expect from any
injured by your belongings, (excluding your car); by you or
mortgage lender. Now, home buyers want flex-
someone in your family.
ibility, and MacDill Federal Credit Union offers a
Personal property. As noted before, renter’s insurance cov-
comprehensive array of mortgage loans, giving
ers your personal belongings against damage from potential
you the freedom to select the best option for your
hazards like fire, smoke, water and electrical surges, as well
individual situation.
as theft and vandalism.
• Traditional 15 and 30 year fixed-rate
Additional living expense. Remember the pipe that broke
mortgages.
upstairs? Guess what, the water damage made your apart-
• Adjustable-rate mortgages with
ment uninhabitable. Renter’s insurance provides a reasonable
1 to 5 year adjustment periods.
reimbursement, so you can afford to stay somewhere else
• Adjustable rate-mortgages with
temporarily.
no mortgage insurance.
Call Quorum at 1-800-714-1447. • HLPR Loan for first-time home buyers.
Quorum Insurance, LLC, an independent agency affili- • ECONOMICC 15 Refi with no mortgage
ated with MacDill Federal Credit Union, makes it easy to insurance or closing costs.
purchase an affordable renter’s insurance policy. Simply call • Home Equity Lines of Credit, including
their toll-free number or apply for a renter’s insurance policy interest-only HELOC’s.
online at www.quoruminsurance.com.
CONTINUED ON BACk
HILLSBOROUGH PINELLAS PASCO HERNANDO & MANATEE OUTSIDE THE BAY AREA VISIT US ONLINE AT
(813) 837-2451 (727) 791-4206 (727) 376-0300 (800) 839-MFCU (6328) (800) 839-MFCU (6328) www.macdill.org
CONTINUED FROM REVERSE SIDE
Competitive Rates & Lower
Closing Costs.
All of our mortgage loans feature competitive
rates, and you’ll save on closing costs, too,
because we don’t charge the following fees:
No points
No origination fee
No document preparation fee
No underwriting fee
Call 1-800-839-6328, ext. 2694
If you’re interested in buying a home or refi-
nancing, it only makes sense to shop around.
Remember to compare your loan options,
Financial Preparation interest rates and fees. And when you’re done
for Hurricane Season comparing, a mortgage from MacDill Federal
Credit Union may just be the most sensible op-
tion of all. To apply or for more information, call
The second half of the Atlantic hurricane season usually has the most intense storm activity. Like most us or visit our online mortgage loan center.
homeowners, you’ve probably stocked up on supplies and have your evacuation plan ready. But do
those plans include having enough money available to cover emergency expenses? With three months
left to go in the 2007 hurricane season, we thought the following tips might be helpful in preparing
yourself, financially.
Review your homeowner’s policy and make any upgrades now. Insurance companies will not
accept new applications or requests for increased coverage if a hurricane is near your area.
Purchase flood insurance. Your mortgage company requires flood insurance if you live in Flood
Zone A. Zones B, C and X are considered low-risk for flooding, but low risk doesn’t mean no risk. Flood
insurance is far less expensive than the cost of repairing the damage just one inch of water can cause in
your home.
Keep financial documents safe, such as your mortgage papers, insurance policies, financial state-
ments, etc. Make sure to take these along if you have to evacuate.
Increase your home equity line of credit, so you have enough funds available to pay for deduct-
ibles, repairs not covered by insurance or as an emergency source of cash if you can’t return to work
right away. Remember, if your home is damaged by a storm, it’s too late to request an increase.
MySpace.
Withdraw money for emergency expenses, in case the ATM’s are out of service for several days Your Credit Union.
after the storm.
MacDill Federal Credit Union now has a page on
Have a credit card with at least $1000 available.
MySpace.com. Check it out for the latest word
Make Calls, Prepare Now.
on services and promotions, read our blogs and
Peace of mind is better than being out-of-pocket. So if you’re not as financially prepared as you should
learn more about your credit union at myspace.
be, all it takes is a few phone calls.
com/macdillfederalcreditunion!
MacDill Home Equity Lines of Credit
Due to legal restrictions, we cannot accept friends on the MFCU
Dial ext. 2694 to apply for or increase your MFCU Home Equity Line of Credit. Or you can apply MySpace page.
through our online mortgage loan center.
MacDill VISA® Platinum Preferred Credit Card
Dial ext. 2699 to apply for a MFCU VISA® Platinum Preferred Credit Card, or you can apply online.
Quorum Flood Insurance
Call 1-800-714-1447 for a no-obligation quote from Quorum Insurance, LLC, an independent agency
affiliated with MacDill FCU. Quorum offers affordable flood insurance, including Preferred Risk Policies
for properties located on Zones B, C or X.
And if you need to withdraw emergency cash from your MFCU savings or checking accounts, we pro-
vide free ATM’s at all of our branches throughout the Tampa Bay area, and through the CU24 network
of nationwide ATM’s.
HILLSBOROUGH PINELLAS PASCO HERNANDO & MANATEE OUTSIDE THE BAY AREA VISIT US ONLINE AT
(813) 837-2451 (727) 791-4206 (727) 376-0300 (800) 839-MFCU (6328) (800) 839-MFCU (6328) www.macdill.org