Low interest rates make now perfect time for refinancing, financial rebuilding
BATON ROUGE, LA (NBC33) — Economic woes across the nation have pushed families to pinch pennies for years. Now, interest rates are dropping, which makes this the perfect time to refinance and put money back into your pocket.
We talked with Jody Caraccioli, CFO for Neighbors Federal Credit Union, about how to maximize your savings and the programs available that can make that happen. We also discussed how low those interest rates really are, the benefit that could come from refinancing, and a free financial education course offered by the bank to help get you back on the right track.
Although many are pushing out of credit card debt, now is not the time to spend beyond your means. Rather, keep pinching those pennies, finding alternatives that for financing that will help rebuild any negative credit you might have incurred during tough times.