Reasons To Get A Mortgage From Your Credit Union
Partnering with your local credit union to buy a home makes sense, for many reasons. Find out what your credit union can do to help you achieve homeownership.
Three Simple Steps for Selling Your House While You’re Paying the Mortgage
Key Takeaways It’s normal to sell a home while you still have a mortgage Get a payoff statement to know what it costs to repay the loan Figure out your home value to set a fair price You might have loved your home when you purchased it, but now it’s time to move. Perhaps you’re […]
Take Advantage of a Buyer’s Market
Key Takeaways Buyer’s markets exist when buyers have more negotiating power than sellers due to supply-and-demand imbalances There are several ways to figure out whether you’re in a buyer’s market If you’re purchasing in a buyer’s market, take strategic advantage by offering less than the list price and/or asking the seller for concessions As you […]
How to Avoid or Eliminate Private Mortgage Insurance (PMI)
Key Takeaways PMI is insurance that protects the lender and is required on conventional loans where the down payment is less than 20% of the home price There are some loans that don’t require PMI There are ways to avoid PMI or have it removed You’ve been dreaming of the day you’ll get the keys […]
What are Discount Points and Should I Buy Them?
There are so many specialized terms in real estate finance. One of the trickier ones that has a real impact on the long-term cost of your mortgage is “discount points,” sometimes referred to as “mortgage points.” If your lender starts describing how to buy down points and you feel lost, don’t worry. We’ll explain all […]
Today’s Adjustable-Rate Mortgage Could be a Good Option
Most of us who watched the fallout of the housing crash of 2008 and subsequent Great Recession have heard that adjustable rate loans made by subprime mortgage lenders were to blame. Because of the crash, borrowers have been wary of adjustable rate mortgages (ARMs), but that is rapidly changing. It’s worth examining why ARMs are […]