LOAN PRODUCTS

At Community Credit Union, we offer a wide variety of loan products to our members:

New/Used Vehicles	Mortgages
Recreational Vehicles	Manufactured Housing
Unsecured Loans	Home Equity
Secured Loans	Home Improvement
Visa Credit Card	Business
LeCheque Mate

Calculate your Debt to Income Ratio

Click here to connect to the  debt to income ratio calculator

This calculator will help you:

• Figure out how much debt you have compared to your income
• Better understand your financial situation
• Know whether you need to take action
  
   

What Monthly Payment Can You Afford?

Thinking about taking out a loan? You might want to figure out how much of a monthly payment you can comfortably afford. Use this handy worksheet to determine what your loan payment maximum should be.

Steps	Example	Your Figures
Your total monthly income before taxes	$5,000	$_________
Multiply by 38%*	x .38*	$_________
Maximum affordable monthly debt	=$1,900	$_________
Less total monthly bill payments (mortgage/rent, credit cards, car, etc.)	=$1,500	$_________
Maximum monthly payment on a new loan	=$400	$_________

*38% is the most commonly used percentage in such cases.