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Customer Stories

Susie Chambers

"Having a career as a chef is a dream that my son has wanted to pursue for many years."

Debra Price Jones at the Bethel branch of Mutual Bank in Muncie, IN was instrumental in helping me refinance my home in order to pay for tuition for my youngest son who wanted to attend the Culinary Institute of America. Tuition for the Culinary Institute of America (CIA) is very expensive and even with federal loans and merit based scholarships, the cost was extremely cost prohibitive for a single parent family. The only way I could cover the high tuition payments was to refinance my home. It turned out to be a win-win situation for both my son and I!

Without Debra’s guidance, I would have been paying substantially more money over the life of a consumer loan.

I had been looking at other types of consumer loans, but they all had very high interest rates. When I called Debra to ask her about a home equity line of credit, she walked me through the process. Towards the end of the conversation, she asked me if I would be willing to consider a complete refinance. After looking at this option, it turned out to be the best possible scenario for us. I was able to borrow the additional money I needed for my son’s tuition, substantially lower my interest rate and the term on my loan with only a modest increase in my monthly payments. Without Debra’s guidance, I would have been paying substantially more money over the life of a consumer loan. Thanks to Debra, my son is now a student at the school of his dreams!

He has one more year of school and will graduate from the Culinary Institute of America in May 2015!

Jordan battled anorexia throughout his late middle school and high school years, when his love for cooking first surfaced. We initially thought the obsession with food was just part of the disease (it often is with a lot of kids) and he would outgrow his desire to cook, prepare and experiment with foods. But even after reaching a steady state with the disease and managing his eating and exercising habits, Jordan continued to love cooking. Having a career as a chef is a dream that he has wanted to pursue for many years and now thanks to the refinance through Mutual Bank, I was able to borrow the money to send him to a fantastic school! Jordan is currently participating in a summer externship at the Ocean Room at the Sanctuary Hotel on gorgeous Kiawah Island, SC. He has one more year of school and will graduate from the “CIA” in May 2015!

 

information presented in the MutualBank Resource Center is provided for educational purposes only. MutualBank makes no representations as to the accuracy, completeness, or specific suitability of any information presented. Information provided should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. MutualBank recommends you consult a professional for any specific guidance you are seeking.

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