Your friends are buying homes, your kids want a yard with a pool, and you want your own office space. But is it time for you to buy a house? Purchasing a home is one of the biggest decisions an adult will make in their life, and potentially one of the most stressful times. So,… Read more »
As winter gives way to a spring thaw that will soon turn to summer, the housing market typically (during an average year) sees an uptick in activity from home buyers and sellers.
If you’ve taken out a mortgage, auto loan, or even own a credit card, there’s a good chance that you understand the fundamentals of interest rates. You borrow a certain amount of money that you will pay back over an agreed upon time period. Now, because the creditor or financial institution is loaning the money,… Read more »
When it comes to footing the bill on larger expenses, there are usually two ways to pay. You can pay in a lump sum or in installments of payments. A lump sum is one large payment and installations are multiple payments, typically paid on a monthly basis. Like many financial decisions, each option has benefits… Read more »
Home ownership has a lot of perks. You can make renovations and stylistic changes at your leisure, drastically change the layout, and even re-do the backyard completely. You do not have to rely on a landlord to make house repairs, and, in the long run, it’s a better investment than renting. (But you’ll need to… Read more »
If you’ve been a homeowner for a number of years, there’s a good chance that you’re eligible for a home equity loan. But even if you are eligible you may be asking yourself: “Why would I take out another loan?” A home equity loan has quite a few benefits that are worth investigating. Does that mean you… Read more »
Buying a home, especially if you are a first-time homebuyer, can be a very confusing and stressful process. Unless you went to college for finance or work in a financial institution, it’s not really something that you would have ever learned and chances are you weren’t looking into getting a mortgage in your teenage years or… Read more »
Would you like to buy a home, but are worried you’d never qualify for a mortgage? Or maybe you just don’t know about the process behind it? Want to renovate, but can’t seem to save the extra cash? Learn how you can answer these questions, and more.
Each year, HRCCU offers its members the Skip-a-Pay program twice per year, in the summer and the winter. The loan must be at least six months old to qualify for the program. HRCCU offers the option to skip on the following loans: personal loans, VISA credit cards, auto loans (excluding GreenLight Auto Loans), boat and… Read more »
Accessing your home equity gets a bit of a bad rap. If you hear a phrase along the lines of, “So, I took out a second mortgage on my house,” it is typically perceived as an indication of dire financial straits. This, for one, is not always the case. There are many ways to access home equity… Read more »