Sometimes, a closer look at an existing loan can uncover an opportunity to save. That was the case when Amber Mohammed, Financial Services Officer II at Town & Country Credit Union’s Dakota Square location, recently worked with a member who wanted to see if there was a better option for their auto loan.
After reviewing the member’s existing loan and financial situation, Amber was able to help refinance the auto loan, resulting in a monthly savings of approximately $50. While $50 a month may seem like a small difference at first, those savings can add up over time. In this case, the member was projected to save approximately $3,400 over the remaining life of the loan.
For Amber, helping members find opportunities like this is about more than simply looking at the numbers. It’s about taking the time to listen, understand their goals, and explore options that may help make managing their finances a little easier. Every member’s situation is different, which is why having a conversation with a knowledgeable financial services professional can be a valuable first step.
An existing auto loan doesn’t have to stay the same forever. Changes in your financial situation, loan terms, or monthly budget may mean it’s worth taking another look at your options. Even if you’re simply curious about whether refinancing could benefit you, Amber and the team at Town & Country Credit Union are here to help you explore what may be possible.
Think you could be saving more on your auto loan? Connect with Amber Mohammed at Town & Country Credit Union’s Dakota Square branch today to review your options and see how a refinance could make a difference for you.
Individual results may vary. Savings and loan terms depend on creditworthiness and other factors.