@NoMoreE46 wrote:Since you are looking for the Prime membership reimbursement, the important question is When does the fee come up?
I'll have to check. I've been paying monthly. I understand that I need to pay annually to make this work.
EQ8 783, TU8 751, EX8 765 as of June 2
My experience with NFCU was a little different that many (most?) other folks; I joined in December of 2023 not to get a credit card or to take advantage of their somewhat decent CDs; I joined because we were house hunting and they have very competitive mortgage rates.
Within the first month I did start funneling $500 every other week into a savings account and then peel off some of that cash into a few CDs, but when we found a place to buy, we needed to move super fast (we ended up closing 21 days after the place was listed), and NFCU isn't well known for being really quick for things like this (I figured once rates drop a bit, a refinance with them is still an option). A few weeks before we closed on our home last May NFCU sent me an invitation to apply for their More Rewards card; the day after closing on the new mortgage, I took them up on their offer and was surprised they dropped a $30,000 starting limit on the card.
@Horseshoez wrote:I joined because we were house hunting and they have very competitive mortgage rates.
Hmmm, I have been casually looking at houses. Nothing serious. Not yet thinking I need to get to 0/12 before applying for a mortgage. Just thinking I should stop renting and get a place of my own, and occasionally driving around looking at houses with For Sale signs in the yards. (Though the rent on this old house is ridiculously low.) NFCU might come in handy down the road for that.
@mgood wrote:
@Horseshoez wrote:I joined because we were house hunting and they have very competitive mortgage rates.
Hmmm, I have been casually looking at houses. Nothing serious. Not yet thinking I need to get to 0/12 before applying for a mortgage. Just thinking I should stop renting and get a place of my own, and occasionally driving around looking at houses with For Sale signs in the yards. (Though the rent on this old house is ridiculously low.) NFCU might come in handy down the road for that.
I was 1/12 when I applied last year, I was approved for the mortgage (local lender here in Maryland) only a few hours after I submitted the application. That said, I have the "pleasure" of paying 7.625% on my mortgage, so if/when the rates get down into the fives, it will be well worth refinancing.