A house is likely to be the biggest purchase you will make in your life, and you may spend decades paying for it. Getting a mortgage to purchase a home can be a wise financial decision since you’re building equity and getting nice tax deductions. But buying a home that’s too
You’ve decided — it feels like it’s time — to buy a house. That’s the easy part. The actual home buying process is, especially for first-timers, a mix of excitement, pride and anxiety. Here are five tips to help smooth the journey: Address your credit You’ll almost surely be taking
Buying a home can be one of the most complicated undertaking for many Americans— not to mention costly — purchases adults will ever make. It’s important to understand these 10 essential terms so you’re ready to make smart decisions with your money. Adjustable-rate mortgage (ARM): A mortgage with an interest
Unless you were recently selected as the No. 1 pick in the NFL draft or released a hit album, you probably won’t pay for your new house in cash. Like millions of Americans, you’ll take out a mortgage. Before you begin your housing search, try to get a mortgage pre-approval,
Hello! Welcome to our new web series “CU Walk the Money Talk” where the credit union’s very own, Ashley Scroggins and Lori Hudson discuss personal finance topics that make it easier to digest (and yes fun!). We hope you enjoy our series and make sure to subscribe to get updates
Contrary to what you may think, signing up for a mortgage loan doesn’t mean you’re trapped in that rate or term. If rates change or events arise that prevent you from paying as you had planned, refinancing might be an effective way to change your monthly mortgage payment. Refinancing means
Asking the right questions is an important part of every financial decision you make, and home ownership is no exception. If you’ve been thinking about buying a place, preliminary research will turn up a long checklist of questions for you to ask at every part of the process. There are
Sometimes it’s smarter to buy certain items according to the season, like sweaters near the end of winter and swimsuits in late summer. But what’s the best season for buying a house? The answer: the fall. As temperatures cool and trees shed their leaves, enough factors break in the buyer’s favor to make
by Shelly Temm When it comes time to refinance or sell your home, getting a high house appraisal is crucial! According to REALESTATE.COM there are steps you can take to assure that you receive the most bang for your buck. 1. Improve Curb Appeal Landscape maintenance chores, such as clearing
So you want to buy a home. A mortgage is most likely the biggest purchase you will make in your lifetime. As with any major purchase, you can get the best value for your dollar by being an informed buyer. Get ready to get schooled by local experts in the
