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Mortgage Qualifying

Posted in Main Blog
March 13, 2017
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Basics of Qualifying for a Mortgage

There is a lot of misconception out there when it comes to qualifying for a mortgage loan. For instance, the notion that from the lender’s perspective, loan eligibility is based only on a formula.

Although mortgage underwriters look at a variety of different information when determining loan qualifications, it ultimately comes down to four things: credit, equity, income and assets.

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Debt-to-Income Ratio

Posted in Main Blog
March 13, 2017
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Debt-to-Income Ratio: Why You Should Know Yours

Debt-to-Income (DTI) ratio is a personal finance measure that helps in identifying an individual’s debt payment in comparison to their overall income. It is a way through which a lender can determine your ability to repay the money that you have borrowed.

It is important that you do not confuse DTI with your credit card utilization, which is the amount of debt that you have accumulated in relation to your credit limits. Several lenders, especially mortgage or auto loan lenders, make use of your debt-to-income to determine your ability to pay them off responsibly. For example, a mortgage lender will use your DTI ratio to figure out how much of the mortgage you can afford to pay after all other monthly debts are paid off.

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Fixed Rate vs Other Mortgages

Posted in Main Blog
March 13, 2017
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Differences in Fixed Rate Mortgages and Other Mortgages

When purchasing property or refinancing a home, a borrower should consider the various types of mortgages available to fit within their needs and their budget.  

Listed below are a few different types of mortgages that are available to help you find the best type of loan to best suit your needs. 

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Smart Ways to Use a Tax Refund

Posted in Main Blog
February 23, 2016 by Guest
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calculator with pen and money on top of tax formWhen a big pile of cash lands on your lap, it’s natural to want to do something fun with it. And perhaps you can — after you’ve put the majority of that money where you need it most.

Here are some good ways to use your tax refund.

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BCCU Community Team Happenings

Posted in Main Blog
May 27, 2014 by BCCU
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Our own BCCU Community Teams participated in two important events this month.

Bedford Rotary Memorial Road Races

Photo of The BCCU Community Team




The BCCU Community Team at the 40th anniversary Bedford Rotary Memorial Road Races, May 17, 2014.




This year marked the 40th anniversary running of the Bedford Rotary Memorial Road Races. Races included the Bedford 12K Championship and the Uncle Sam's Rockin'-Walkin' 5K. The Rotary Club of Bedford NH has been serving the Bedford and West Manchester communities for 45 years—almost as long as the run has been in existence! Proceeds of the races go to local Bedford Rotary Club projects and charities.

The BCCU Community Team participated, with our own runners Don Blanchette and Katie Bisbo, and as a gold sponsor for the event.

Taking first place for the men in the 12K event was Amos Sang from Indian Orchard, MA, and for the women Christine Shaw of Manchester, NH. Our top BCCU Team runners were Don Blanchette and Katie Bisbo (pushing her daughter in a stroller!)

First place in the 5K event for the women was Julianne Quinn of Ithaca, NY, and only seconds ahead of her for the men was Sam Wood of Laconia, NH. Our top BCCU Team runners were Carly Hunt and Andrea Ireland. Nice job ladies!

For all the Bedford Rotary Memorial Road Races results, visit the results page at


Walk Against Hunger

Photo of the The BCCU Community Team






The BCCU Community Team was proud to help raise $128,000 in the New Horizons Walk Against Hunger on May 20, 2014.





On May 20th, members of our BCCU Community Team took part in the 22nd annual New Horizons Walk Against Hunger. This year the walk raised a record-setting $128,000 to ensure food and shelter for the hungry and homeless people of Greater Manchester.

44 teams came out to walk the four mile route on the 20th, but Manchester middle schools' students, staff and administration members were the largest support of this effort. They held their own walk events at each school and raised $30,000.

Charlie Sherman, Executive Director said, “It’s a feel good event, knowing that every dollar will help to provide children and their families. When children and their families come to New Horizons either for food distributed by our food pantry or for hot dinner meals served in our soup kitchen, it helps to keep them [children and their families] in their homes simply by saving enough money per month to pay rent.”

New Horizons for New Hampshire is a soup kitchen, food pantry and emergency shelter and support service. For more information about this important organization, you can call (603) 668-1877 or visit

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