Loans


Featured Articles

Knowledge is power.

That's true with any topic, but it's especially the case when it comes to finances. At KEMBA, we make it our mission to bring you up to speed on all sorts of money matters.

To get the most out of student loans, home loans and other credit union services and products, review these helpful articles.

What You Need to Know About Student Loans

A girl sitting in a wheelchair smiling with a laptop on her lap.

February is Financial Aid Awareness Month If you or a loved one are getting ready for the upcoming college year, now is a great time to educate yourself on financial aid for higher education and how it works. Colleges are preparing to send award letters, and families are anxiously awaiting the arrival to see the…

Loan Products That Help You Manage Your Finances

couple laying down and remodeling home

Loans, credit cards or personal lending products can be powerful tools when used wisely, impacting your financial landscape in significant ways. With careful management of these tools, you can enhance your financial position.

HELOCS vs. Other Loan Options

Happy couple applying for a Home Equity Line-of-Credit from KEMBA

When you need cash for a large purchase or an expense that exceeds your monthly budget, a HELOC is a great option to explore. Learn how HELOCs compare to other loan products and the benefits of using the equity in your home to access cash when you need it.


Student Loans 101

The process of obtaining student loans can be incredibly confusing and intimidating, for both parents and students. After the loans are funded, the interest rates you pay, and repayment plans add to the complexity of student loans. In this article, we cover what you need to know about student loans before and after graduation.

What are Payday Loans?

According to a report by the Federal Reserve Board, roughly 44% of Americans don't have cash on hand to manage an unexpected $400 emergency. When an unexpected significant expense pops up, people may look to payday loans to foot the bill...

Options for Homeowners Behind on Mortgage Payments

Many people experience financial difficulty at some point in their life, which may result in a missed mortgage payment or two. Unfortunately, when homeowners fall on tough times, remaining delinquent on their mortgage payment can result in losing your home, also known as a foreclosure…

Home Mortgages 101

A home is the largest purchase that most people will make in their lifetime. It’s important to understand how mortgages work to find the right type of mortgage to purchase or refinance a home. Here are some important facts to know about mortgages as you prepare to purchase or refinance a home….

How Businesses Use a Line of Credit

Businesses, just like consumers, have the ability to apply for and use credit. In fact, most businesses have some form of a business line of credit, whether that be a long-term loan or a business credit card.

Improving Your Home's Value

Your home is one of the biggest investments you’ll make in your lifetime. Learn how to improve the value of your home without burning through your cash reserves.

Four Things to Know About Student Loans

If you are a senior graduating from high school or a parent of a soon-to-be grad, you are likely in decision mode reviewing higher education options and financial aid award letters. You have options available to help you fund higher education dreams.

Tips for Reducing Consumer Debt

Whether you are living within your means or have overextended yourself financially, a debt reduction plan is one way to put your income to work, pay less interest and see your balances start to shrink.

Knowing When to Refinance Your Mortgage

A mortgage refinance is a great tool to help you grow and preserve the equity in your home. Knowing when to start the process is an important step. Review these scenarios where a mortgage refinance may be the right move.

How to Get Prequalified and Pre-Approved for a Home Loan

Before you start shopping for a Columbus area home or make an offer on a house, it’s smart to get prequalified or pre-approved for a home loan. Not all mortgage lenders require you to go through the prequalification process, and some people opt to skip this step...

Using Home Equity for Spring Projects

With the arrival of spring after a long, cold winter, homeowners in Central Ohio often start home improvement projects to enhance their living space and increase property value. Whether you're considering room additions, building a new deck, installing fences, or undertaking other renovations, spring is an excellent time to bring these projects to life.




Things to Know Before Financing a Vehicle

For most people, car buying is expensive, one of the largest purchases you’ll make in your lifetime. That is why it’s important to be informed before financing your car. To help you navigate the rough waters of car buying, we’ve put together a list of things to be…



KEMBA Home Equity Loans

or many homeowners, an equity loan is an attractive option for making home improvements, paying for large ticket items (i.e. college, wedding), or consolidating high-interest debt. For other homeowners, an equity loan might not even be an option because they do not have…

The Best Way to Use Private Loans for College

Your student has completed their high school education and ready to take the next step to transitioning to adulthood. As they explore their options for higher education, you are weighing the options for financing their education. Many Americans are ill-prepared for the cost of higher education because they have not saved for college or have…

30 Year vs 15 Year Mortgage Loans

Which mortgage type is right for you? Buying or refinancing a home is a big financial decision, one that KEMBA has helped countless central Ohioans navigate. There are many home financing options to consider, but two of our most common are the 30-year and 15-year, fixed-rate mortgage loans. To understand which is right for you,…

HELOC

Start a home improvement project now with a home equity line-of-credit If your plans are set for a home improvement project, but you’re not certain how much money you’ll need to get started, a home equity line-of-credit (HELOC) from KEMBA Financial Credit Union might be the place to start. Unlike a traditional home equity loan,…















Mortgages 101

If you have purchased a home, or in the process, you need to know your options for financing your home. There are many options available and choosing the right mortgage type will make the home buying experience much more enjoyable. Learn about how mortgage payments are calculated, the types of mortgage loans, and how to…

Homeownership Counseling

If you are ready to make the leap to home ownership, there are a few things you need to know going into the process. For some, buying a home is a dream come true but they go into the home buying process without a full understanding. Read these tips on buying a home and educate…

Behind on Auto Payments?

Are you late on your auto payments? It happens to the best of us. In fact, millions of Americans are behind on their car payments. Being behind can be stressful, but there is good news. Learn how to tackle the problem and come up with a plan to get back on track with your auto…




























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