Other posts in the Home Loans Category

Coronavirus and Your Money

Staying healthy isn’t the only concern these days. The coronavirus is also affecting our wallets. We want our members healthy and to keep your financial stresses at a minimum, so here are a few tips to help. Keep Your Savings Safe – Some people panic during stressful times and want to withdraw all their savings.

Read on

The Myth of 20% Down on Mortgages

Chances are, if you’ve listened to your parents you’ve been instructed that you need at least 20% down when buying a home. You’re not alone. According to a Sallie Mae survey, nearly 50% of renters think they need 20% down to buy a home. The good news is you’re much closer to becoming a homeowner

Read on

How Many Credit Cards Should I Have?

One is often not enough, but how many credit cards are too many? Is there a magic number of credit cards that will help, not hurt, your credit score? Your credit score is based on many factors and can be affected by numerous things. It all comes down to ratios. Credit agencies look at what

Read on

Fixed Rate vs. Adjustable Rate Mortgages

From picking neighborhoods and school districts, to dealing with down payments and home inspections, there are a lot of choices homebuyers need to make. A major decision, one that will affect your finances for years, is what kind of mortgage to get: fixed or adjustable rate.  The most popular type of mortgage is fixed-rate, which means

Read on

Private Mortgage Insurance (PMI) Basics

Private Mortgage Insurance (PMI) When purchasing a home, there are many different costs to factor into a budget. While many people are aware of expenses like taxes and the cost of making repairs, there are some costs that people don’tthink about, such as Private Mortgage Insurance (PMI). PMI is an additional monthly expense added to your

Read on

Essential Tips for First-time Homebuyers

The thought of buying your first home can be thrilling – and intimidating. Whether you’ve just started the homebuying journey or you’re in the middle of the process, we’ve got some tips to help you along the way. These tips can be a refresher if this isn’t your first time house-hunting as well.  Down PaymentIt

Read on

Assets First-Time Homebuyers Should Have

Believe it or not, you’ll need more than just a pile of cash to make your first (or second, or third) home purchase. There are other non-monetary assets that you’ll need in order to qualify for a home loan with the lowest interest rate. Add these five assets to your list of things to have

Read on

Buying a Home or Refinancing Soon? Read This First

The housing marketing has been a bit of a roller coaster ride over the past few years. While the ride has seemed to level off as of late, many homeowners or potential homeowners are waiting to see what happens. We’ve got some good news for you – 2018 is a great time to do either:

Read on

Secured vs. Unsecured Loans

Secured and unsecured loans are the most common types of loans the average person will use throughout their life. But do you know the differences? Understanding how these two types of loans work will help you better understand your own financial portfolio. Secured Loans A secured loan is one protected by an asset, used as

Read on