A member recently came to Town & Country looking for a way to get out from under an auto loan that had become difficult to manage. With more than two years of payments already made, the member had paid down just under $10,000 of the original loan balance while still facing a $657 monthly payment.
Sidney Widdel, Financial Services Officer I, worked with the member to explore refinancing options that could better fit their financial situation. The result was a decreased interest rate and a new monthly payment of $507, saving $150 every month. Over the life of the new loan, the member is projected to save $3,227, providing meaningful long-term savings and greater room in their monthly budget.
For the member, the refinance was more than simply changing a loan. It provided an opportunity to reduce monthly expenses and move forward with a payment that better fit their situation.
Stories like this are a great reminder of the difference personalized financial guidance can make. At Town & Country, our team is committed to helping members explore their options and find solutions that support their financial goals.
Could refinancing help put more money back in your budget? Whether you're looking to lower your monthly payment, explore your loan options, or simply see what opportunities may be available, our team is here to help.
Ready to explore your options? Connect with Sidney today and let her find a solution that works for you.
Individual results may vary. Savings and loan terms depend on creditworthiness and other factors.