Updates from July, 2011 Toggle Comment Threads | Keyboard Shortcuts

  • capfedwomensway 7:57 am on July 5, 2011 Permalink | Reply  

    Don’t Forget the Mortgage While Away 

    So, you’ve booked your trip, everything is set and you are ready for a little family (or personal) R & R.  But, don’t let your mind drift too far into vacation-mode.  You’ve got to make sure all your regular financial tasks are taken care of, like bills.  The last thing you want to do when you get back from vacation is to find a late fee or missed bill.  No need to fret, though, paying bills nowadays is simple.  Just take a few minutes to review these options, and you’ll be set. The beach calls!

    Use Online Banking
    With online banking and bill pay, setting up automatic payments is easy.  Bills that are the same every month can be set as recurring payments – automatically deducting from your account at your specified date each month.  For others, set up the company as a payee and elect to make single payments of the exact amount that appears on the statement each month.  With this service, you have as much or as little control of when your bills get paid as you want.  The best part is, as a Capitol Federal customer, this service is free.

    Set Up Automatic Payments
    An alternative option is to arrange to have your bills charged to a credit card or automatically deducted from your checking account. This option will require you to set up each of these payment methods with the various companies for which you are billed monthly.  You can check out each of their websites for more details.  The process is a bit cumbersome, but once it’s complete, you’ll enjoy the peace of mind knowing they’re always paid on time.

    Don’t forget the semi-annual or annual bills.
    If you know these are due while you are away, be sure to make arrangements to have them paid.

    If you have any questions about how to set up a True Blue Online® account, or enroll for Online Bill Pay, contact Capitol Federal’s Customer Service at 1-888-8CAPFED or email us at womensway@capfed.com.

    Now that you’ve checked that to-do off your list – enjoy your vacation.


    >> Travel Tip:
    Alert your post office of your travel plans so they hold your mail for you until you return.  This will keep you from having your bills and bank statements sitting in your mailbox for days.

     
  • capfedwomensway 11:05 am on June 3, 2011 Permalink | Reply  

    Happy Home Improvements and How to Finance Them 

    Summer brings warm weather, baseball games…and home improvement projects!  Are you planning to spruce up the bathroom, remodel your kitchen or landscape the front yard?  Doing any of these could add value to your home.  If properly maintained and improved, your home could be an investment; if neglected, you run the risk of losing value and have to pay for costly repairs.

    Smartmoney.com provides this informational list about which projects tend to pay off and by how much, click here.  The highlighted link will take you off the Capitol Federal Savings Bank website. Capitol Federal Savings Bank is not responsible for the contents of the site or any further links from such site. Capitol Federal Savings Bank is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement of the linked site by Capitol Federal Savings Bank.

    So you’ve decided you’re going to redo the hardwood floors, but have you figured out how to pay for it?

    • The thriftiest way is to pay cash.  The old-fashioned, save-for-that-big-project method that gives you the freedom to walk into a store, pay for everything and leave without signing any paperwork.  You can save for these projects in traditional savings accounts or Money Market accounts.  These liquid accounts give you easy access to your funds.
    • Currently, rates are favorable, so you might consider a Home Equity loan, or a HELOC (home equity line of credit).  Both of these products let you use the equity in your home to finance any number of things.  The interest paid on home equity loans could be tax-deductible*, as well.  You also will pay a lower rate than traditional consumer credit cards, making the project less expensive overall.
    • If your credit is good, you might consider looking into home improvement store credit cards, such as Lowe’s, Home Depot or Nebraska Furniture Mart.  These are good for projects that are $10,000 or less and you are able to pay the total off in six months or one year.  Many of them provide no-interest promotions, but be careful, because if you take longer than the promotional period to pay off the balance you could be hit with very high fees and interest rates.  The highlighted link will take you off the Capitol Federal Savings Bank website. Capitol Federal Savings Bank is not responsible for the contents of the site or any further links from such site. Capitol Federal Savings Bank is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement of the linked site by Capitol Federal Savings Bank.

    If you are considering looking at the home equity option, discuss all the possibilities with your local lender.  Everyone’s situation is different, so it is important to talk about the options with a knowledgeable staff member and know what you are getting into.

    >> What projects are you starting this summer?
    Let us know by selecting the Reply button in the top right corner.

    • Interest may be tax-deductible. Please consult your tax advisor regarding the deductibility of interest.
     
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